RagingWire Enterprise Solutions is a leading California datacenter offering enterprise class colocation server hosting solutions and services. Our elite datacenter facility features an industry leading N+2 redundant power, cooling, and network control infrastructure, and advanced physical and logical security systems including biometric screening, 360° high definition CCTV, and 24x7 on-site security personnel. Our location in low cost, seismically stable Sacramento makes RagingWire’s carrier neutral data center an attractive alternative to a San Jose data center, San Francisco data center, or other Bay Area data center. RagingWire’s data center hosting operations are SAS 70 Type II and ISO 17799 compliant, and we offer a full complement of data center services including shared or dedicated storage, data backup management, and server and network monitoring.
About Us Press Room Press Releases: 2007 $30M Loan Will Fuel RagingWire's Continued Growth
$30M Loan Will Fuel RagingWire's Continued GrowthSACRAMENTO, California (December 11, 2007) RagingWire Enterprise Solutions, Inc. (RES), a Sacramento-based premier data center and IT services provider, announced today it has secured a total of $30 million in credit facilities from one of the largest U.S. banks. These multi-year facilities provide RES with growth capital to meet the high demand for its mission critical services. “This significant financing comes at a very attractive interest rate which further demonstrates this institution’s confidence in our operating model, predictable cash flow and strong balance sheet,” said George Macricostas, CEO and Vice Chairman of RagingWire. “This financing supports our active expansion strategy, avoids dilution, and results in a greater return on shareholder equity.” “RES has experienced a CAGR of over 50% in sales each year for the last 5 years. We fully expect to see this trend continue given the demand for our products and services. We believe that our business will continue to generate the cash flow that will enable us to attract the favorable financing required to accelerate our growth,” said Mr. Macricostas. “In addition to our recently announced state-of-the-art Enterprise Data Center expansion plans, we will introduce new products and services and expand our business in new regions in the U.S.” “We continue to deploy capital to meet the overwhelming demand for RES’ data center infrastructure and IT solutions,” said Yatish Mishra, President and CTO of RagingWire. “We are excited to provide mission-critical, next-generation data center technology solutions to support the rapid growth of our enterprise clients.” Founded in 2000, RES achieved sustained profitability in September 2004. RES continues to grow and set itself apart as a highly reliable IT services provider. They have been recognized as an Inc. 500 company, Ernst and Young Entrepreneur of the Year finalist, and one of the Sacramento region’s fastest growing companies for 3 years in a row. RES has also received acclaim for its environmental initiatives and good corporate citizenship. About RagingWire |
