Canadian Cloud Hosting Provider Set to Soar With Major Capital Investment and New CEO
Toronto-based Carbon60 Networks positioned for expansion with investment from Roynat Equity Partners and industry veteran John Witte.
TORONTO, Ontario, April 2, 2014-- Carbon60 Networks, which provides cloud computing and managed IT services to marquee Canadian enterprises and public sector clients, today announced a combined investment of growth capital from Roynat Equity Partners and newly appointed CEO, John Witte. The capital investment and the addition to the current management team of John Witte enables Carbon60 to significantly build upon its high touch IT services offering for existing clients and capitalize on the increasing trend of companies shifting their IT workloads to cloud computing.
"Our investment and partnership with Carbon60 is a reflection of the strong platform the company has built and its potential for growth," said Chris Lewthwaite, Director, Roynat Equity Partners. "We look forward to working with John Witte and his team as the market for cloud computing and premium managed hosting continues to grow."
John Witte will join Kelly Beardmore, CTO, and Peter Kelly, VP of Service Delivery, to lead the company's expansion. Witte most recently led the Canadian division of Centurylink Technology Solutions (formerly Savvis), and previously was Vice President, Sales at Fusepoint Managed Services where he played a significant role in Fusepoint's profitable growth eventually leading to its $124.5 million acquisition by Savvis (CenturyLink).
"Joining Carbon60 means taking the helm of a first-class organization and bringing its white glove approach to managed IT services to enterprises who need the highest levels of security, availability and performance for their mission critical web applications," said Witte. "With the growing concern about data security, and an increasing appetite for high-quality and scalable IT services to support cloud based applications, there is a tremendous opportunity ahead for Carbon60."
Through its dedication to customer service and their highly secure, flexible cloud hosting solutions designed for the development and delivery of business-critical web applications, Carbon60 has built a loyal customer-base that includes a number of Canada's biggest digital media giants, top tier financial institutions and health information content providers.
"This infusion of capital will enable Carbon60 to expand on its proven track-record as a premium provider of hosting and IT support for business-critical web properties and applications. As a current partner to some of Canada's most demanding organizations, Carbon60 can now extend its reach to organizations who need nothing less than the best cloud computing, managed hosting and application support," said Peter Kelly, Founder of Carbon60 (formerly ETS.net).
About Carbon60 Networks Inc.
Carbon60 Networks is a privately-owned managed hosting and cloud company with offices in Toronto and data centres in Toronto, Ontario and Kelowna, British Columbia. Established in 1999, it is a safe haven for private and public sector organizations that need a trusted partner to manage their business-critical IT workloads. By embracing the entire hosting solution stack, Carbon60's end-to-end approach to cloud hosting delivers extraordinary value while assuming full responsibility for the quality of service delivered from the data centre to the end user's doorstep.
For more information, please visit www.carbon60.com.
About Roynat Equity Partners
Roynat Equity Partners is a premier provider of growth and equity capital to small and mid market companies across Canada. We invest in companies to help them drive growth, maximize value and become market leaders. Our capital is utilized for succession planning, acquisitions, accelerating growth and facilitating capital expenditures. We are a division of Roynat Inc., a subsidiary of Scotiabank. With committed capital of over $300 million and offices in Toronto, Calgary and Montreal, we have the reach and funding to make deals happen.
For more information, please visit www.roynat.com/equity.
Jermaine Reyes, Marketing Associate
The Mezzanine Group
Venture Capital Database