NEW YORK, March 25, 2011 /PRNewswire/ -- Voxel, a leading provider of hybrid cloud hosting and managed services, today announced it has completed a "Series A" $5.5 million capital raise led by Seaport Capital, a private equity firm focused on growth and buyout opportunities in the communications, information technology and business services sectors.
This funding round will provide Voxel with additional growth capital to support increased sales activities and accelerate the deployment of its innovative automated infrastructure services, including physical and virtual servers, content delivery, application hosting and private cloud solutions in North America, Europe and Asia.
"We're excited to announce the completion of Voxel's first outside capital raise and thrilled to have Seaport Capital as a partner," said Raul Martynek, President and CEO of Voxel. "Seaport has extensive experience in the infrastructure services market and their support underscores the success we're seeing in the marketplace with Voxel's services."
"Voxel is an innovative technology and service company in an industry that is seeing tremendous growth," commented Jim Collis, Founding Partner of Seaport Capital. "With the leading-edge technology platform Voxel has built, we're excited to work with management and provide the growth capital Voxel needs."
DH Capital, Voxel's New York-based investment banking partner, advised the company on the capital placement and structured a transaction that allowed for Voxel's founders to remain active in the business while adding the management and financial resources needed to grow in the fast-paced infrastructure as a service (IaaS) industry.
"Matching Voxel with Seaport Capital was a terrific outcome for both parties," said Adam Lewis, Managing Director at DH Capital. "Seaport's extensive understanding of the infrastructure services market and previous investment experience in the sector will add tremendous value to the Company as it capitalizes on the market opportunity that exists for Voxel's products and services."
As part of the transaction, Jim Collis of Seaport Capital will join Voxel's Board of Directors.
About Voxel Dot Net, Inc.
Voxel (http://www.voxel.net) delivers high-performance Internet infrastructure that is scalable, fully supported and cost-effective. The company offers industry-leading hosting services via VoxSTRUCTURE, its open automation platform, and its unique Universal Transfer bandwidth aggregation model. Services include on-demand physical and virtual cloud servers, the VoxCAST Global Content Delivery Network (CDN), and a full suite of Managed Services for complex hosting deployments. The Company is headquartered in New York City and maintains strategic global hosting and network points of presence across the globe.
About Seaport Capital, LLC
Seaport Capital is a New York City-based private equity firm that invests in communications, business services, information services and media companies. The firm has invested approximately $500 million of equity capital in these industries. Seaport is a long-term investor that works with talented management teams to create valuable companies that are leaders in their market segments. Previous investments include Switch and Data Facilities Company, Peak10 and American Internet Services. For additional information about Seaport Capital, please visit http://www.seaportcapital.com.
About DH Capital, LLC
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure and communications sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed M&A transactions and private capital placements totaling more than $3 billion in value. For additional information about DH Capital, please contact us at 212-774-3720 or visit our website at http://www.dhcapital.com.
Voxel Media Contact:
Voxel Dot Net, Inc.
29 Broadway 30th Floor
New York, NY 10006
+1 212.812.4190 x.2110
SOURCE Voxel Dot Net, Inc.