CoreXchange Raises Equity Funding from ORIX Corporate Capital

Mar 25, 2011 (Close-Up Media via COMTEX) -- CoreXchange, a provider of data center and network-layer managed services, announced it has received equity capital funding from ORIX Corporate Capital.

Red Barn Investments, an existing investor in CoreXchange, also provided additional funding alongside ORIX. CoreXchange will use the proceeds of the funding to expand its data center infrastructure and fuel continued growth of its expanding colocation service offerings. The terms of the financing have not been disclosed.

"ORIX coming on board as a new equity investor is compelling validation of the CoreXchange business model and the continued strong growth of our business," said Peter Pathos, chairman of CoreXchange. "They bring a highly experienced team of investment professionals and significant access to a variety of capital solutions that will help us achieve even greater scale in our company's growth." "The ORIX team is excited about its new equity investment in CoreXchange," said John Lenocker, director at ORIX Corporate Capital. "The combination of CoreXchange's experienced management team and value proposition in the large and growing colocation services market presents significant investor upside." CoreXchange will use a portion of the proceeds to enhance its data center infrastructure in its two colocation facilities at the Dallas Infomart and The Connection at 8600 Harry Hines, as it continues to experience significant demand for its suite of managed data center services and newest line of colocation services offered through the company's ColoUnlimited business line.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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