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Press Release -- August 21st, 2013
Source: Ajubeo
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Cloud Infrastructure Provider Ajubeo Secures New Funding to Support 600% Quarterly Revenue Growth

Funding Provided by Private Equity Firm Grey Mountain Partners of Boulder, Colorado

BOULDER, Colo.--(BUSINESS WIRE)--Ajubeo, a national provider of high-performance virtual datacenters and cloud infrastructure-as-a-service (IaaS), today announces it has secured additional capital from Grey Mountain Partners, a Boulder-based private equity firm.

“Ajubeo continues to deliver on a strong business plan, providing performance-sensitive customers with a 100% uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services.” The new capital will be used to support strong demand, 600% quarterly revenue growth over the past 12 months, for Ajubeo’s enterprise-class Virtual Datacenters, Virtual Desktops, Backup and Restore-as-a-Service and Disaster Recovery-as-a-Service. Specifically, the new capital will fund continued expansion in the New York Metro Area, new product development, staffing, and sales and marketing initiatives.

“The cloud infrastructure market continues to expand at a rapid pace,” says Chuck Price, president and CEO of Ajubeo. “The question is no longer whether infrastructure-as-a-service is a viable alternative to traditional methods. Instead, customers are architecting their IT-based products and services around a diversified cloud strategy. This shift has led to strong demand for high-performance, production-ready cloud services from providers such as Ajubeo.”

“We are excited to support Ajubeo’s leadership team, Chuck Price and Colorado CIO of the Year Tom Whitcomb, as they expand and enhance their industry-leading cloud infrastructure offering,” adds Marcello La Rocca, affiliate manager at Grey Mountain Partners. “Ajubeo continues to deliver on a strong business plan, providing performance-sensitive customers with a 100% uptime cloud solution that has been measured at twice the performance of current market share leaders such as Amazon Web Services.”

For more information on Ajubeo, visit www.ajubeo.com

ABOUT AJUBEO
Ajubeo is a national provider of high-performance, enterprise-class cloud infrastructure-as-a-service, founded and built by CIOs for CIOs. The Ajubeo IaaS offering includes virtual datacenters, virtual desktops, cloud-based disaster recovery, cloud-based data backup and restore, and cloud-based systems and application monitoring. Discerning organizations select Ajubeo for the increased business and architectural agility that comes from flexible, high-performance cloud infrastructure built to handle the scale, integration and compliance of today’s enterprise. Ajubeo backs its cloud services with a 100% SLA and corporate commitment to customer satisfaction. Cloud hubs are deployed in the world’s most reliable and interconnected carrier-neutral datacenters, accessible via secure, private network connections from anywhere in the world. For more information, please visit www.ajubeo.com.

ABOUT GREY MOUNTAIN PARTNERS
Grey Mountain Partners is a Boulder, Colorado-based private equity firm that focuses on partnering with management teams to create industry-leading businesses with best-in-class operations. Grey Mountain invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million. For more information, please visit www.greymountain.com.

MEDIA CONTACTS
Ajubeo
Ilissa Miller, +1 914.315.6424
CEO | iMPR
Ilissa@imillerpr.com

Grey Mountain Partners
Jason Urband, +1 303.449.5692
jurband@greymountain.com

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