C7 Data Centers C7 a leading provider of advanced IT and data center outsourcing services announced today the company has secured 25 million in debt and equity funding Coming from MCG Capital Corporation and previous investment partner Signal Peak Ventures the new funding will enable C7 to expand its data center footprint and operations to meet the growth demands of existing and prospective clients
C7’s burgeoning client base includes a variety of iconic brands from the financial high-tech medical and education industries which have embraced C7’s client centric approach while providing a secure energy efficient and cost effective data center experience C7’s rapid growth also reflects the attraction of their high density data center designs which capitalizes on the attractive power rates fiber and connectivity infrastructure limited natural disasters and a favorable business environment and accessibility that its Utah locations afford
We are excited to have led the debt portion of C7’s new capital funding which has been tailored to allow C7 to continue to keep pace with the robust demand for their data centers and services stated Bob Marcotte Executive Vice President and Managing Director of MCG Capital Corporation The IT experience and unwavering service commitment of the C7 team have established the company as a leader in their ability to deliver on the critical data center production demands of even the most discriminating enterprise customers ”
In addition to focusing on the continued development of its colocation services in all of its data centers C7 provides customers with proven disaster recovery data backup and cloud/hybrid cloud solutions
We’ve been extremely pleased with C7’s exponential growth and an ability to attract clients across industries said Brandon Tidwell Managing Director Signal Peak Ventures C7 has maintained customer satisfaction and retention levels that are remarkably high Because of this C7 has an immediate and massive opportunity to convincingly sell to new customers and provide additional data center services to existing customers ”
Of the funding Wes Swenson C7 Data Centers CEO remarked It’s important to work with institutions like MCG and Signal Peak Ventures who possess a deep understanding of the colocation market and evolving market demands during this stage of the company’s growth Their support and committed funding provide C7 with the capital to continue to meet the dynamic market demand for its colocation services including the construction of additional data centers we have planned locally and regionally ”
About MCG Capital Corporation
MCG Capital Corporation is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States Our investment objective is to achieve current income and capital gains Our capital is generally used by our portfolio companies to finance acquisitions recapitalizations buyouts organic growth and working capital For more information please visit a href=”http://www mcgcapital com target=”_blank”>www mcgcapital com
