Funding To Fuel Continued Global Expansion
SANTA CLARA, CA — April 7, 2015 — IIX Inc., the global software-defined interconnection company, today announced that it has secured $20 million in funding from TriplePoint Capital, based in Menlo Park, CA.
“TriplePoint Capital’s financing enables IIX to increase the speed of our global ecosystem expansion and bring simple, secure and programmable direct network connections between more content providers, cloud application providers and other enterprises,” said Al Burgio, Founder and CEO, IIX. “It demonstrates strong support for our software-defined interconnection platform, which allows customers not only to extend their network reach across the globe but also to increase control over their networks and improve security.”
“Continued cloud adoption is driving demand for secure, high-performing and software-based direct network interconnection,” said Jim Labe, CEO, TriplePoint Capital. “Our financing will help IIX’s exceptional engineering and management team, who has proven expertise in global operations, to meet this demand. We believe IIX is delivering a best-of-breed technology to help enterprises solve crucial networking challenges.”
IIX today also announced that it has acquired leading global interconnection company IX Reach. With this acquisition, IIX extends its global interconnection footprint to various regions across North America, Europe, the Middle East and Asia, increasing its total network Points of Presence (PoP) count to more than 150. The expansion also brings the company’s software-defined interconnection platform to more markets across the globe.
The financial terms of the acquisition agreement were not disclosed.
About TriplePoint Capital
TriplePoint Capital is a Sand Hill Road-based global financing provider to high growth venture capital-backed companies throughout their lifespan, providing customized debt financing, leasing and direct equity investments. TriplePoint provides unparalleled levels of creativity, flexibility and customer service to serve as the primary debt financing provider for leading venture capital-backed companies in the technology, cleantech and life sciences sectors and is the only debt provider equipped to meet the unique needs of high growth venture-backed companies at every stage of their development. For more information, visit www.triplepointcapital.com.
About IIX
IIX Inc., the global software-defined interconnection company, is headquartered in Silicon Valley, California. The company’s SDI™ platform enables programmable interconnection between networks that allow customers to gain more control, improve security, reduce costs associated with IP transit delivery, optimize network performance and extend network reach across the globe. IIX customers include content providers, data center providers, Internet Service Providers (ISPs), carriers and other enterprises globally. The company is privately held and backed by New Enterprise Associates (NEA). To learn more, visit http://www.iix.net.
PR Archives: Latest, By Company, By Date