Network infrastructure and colocation provider CoreXchange today announced that it has secured convertible debt financing from Red Barn Investments for infrastructure expansion. Terms were not disclosed.
“CoreXchange has achieved significant customer growth in line with the aggressive revenue targets that we set last year,” according to Michael Walti, co-founder and technology architect of CoreXchange. “The latest funding round from Red Barn provides a solid funding base going into 2009 as we expand our infrastructure and service delivery capabilities to meet the increasing demand for our networking and colocation services.”
CoreXchange continues to attract new business with a complete network outsourcing solution that helps enterprises lower IT costs during a challenging economic environment. CoreXchange delivers highly redundant network services to the most demanding IT enterprises through its Network Access Exchange http://www.corexchange.com/
“We are enthusiastic both about the long-term growth prospects of the network infrastructure and colocation industry and CoreXchange’
About CoreXchange, Inc.
CoreXchange comprehensive networking solutions include colocation, high performance network connectivity, Internet access, disaster recovery, and a business continuance center. Connectivity services are available in CoreXchange's enterprise-class data center or at a customer's remote location, via local loop or metro Ethernet. CoreXchange’
About Red Barn Investments
Red Barn Investments is a private equity firm located in Northbrook, Illinois that invests in small and mid-sized companies where its expertise and relationships can assist in creating value over the long term. To learn more about Red Barn Investments, visit www.redbarnllc.com.
