VirtualQube Secures $250k in Growth Financing From Lighter Capital
Customized Cloud Services Provider Taps into Alternative Lending Model to Fuel Growth
WOODINVILLE, Wash., April 24, 2014-- VirtualQube, a leading provider of customized cloud services for businesses and resellers, today announced that it has secured $250,000 in growth funding from Lighter Capital in Seattle. VirtualQube will use the funding to expand its business development team in response to growing demand for its custom cloud services – including the virtualization of desktops, hardware and entire corporate networks.
“We’re seeing more and more companies requesting private cloud solutions,” said VirtualQube CEO, Scott Gorcester. “Many of these requests contain very specific business objectives and work flows. For instance, we’re solving for industry-specific security issues – like in healthcare, where we’ve deployed proximity solutions that allow sensitive patient information to move with a doctor between rooms. Or in financial services, where we’ve deployed Two-Factor Authentication with Single Sign-On for the financial consultant that requires two pieces of authentication to unlock access to all applications. These types of solutions are a blend of art and science, and they require constant study and review of solutions available or in development – which requires a team of highly talented engineers.”
VirtualQube, formerly known as Moose Logic, currently serves a range of customers from around the United States, including the Miami Airport, the City of Mesa, Skagit Valley Medical, SMC3, and the U.S. Navy. The company also works with a number of Value Added Resellers (VARs) to help build and maintain a variety of cloud-based solutions.
The debt funding from Lighter Capital will enable VirtualQube to grow without adversely impacting the company’s cash flow. Lighter Capital’s revenue-based financing model is uniquely structured to match the ebb and flow of small business. Loan payments adjust in proportion to revenue, and there’s no loss of control or restrictive financial covenants.
“This infusion of cash puts us squarely in the fast lane and will allow us to accelerate our business,” CSO Karl Burns said. “The cloud economy has continued to blossom – and the solutions available to today’s businesses are incredible – but often times the pieces don’t always fit neatly together. That’s where we see our opportunity to grow.”
VirtualQube, based near Seattle, WA, is a Cloud Services provider with expertise in cloud solutions based on Microsoft, Citrix and other technologies. Sold mainly through channel partners, the VirtualQube cloud platform is stable, secure, scalable, and flexible enough to meet the needs of businesses of all sizes. VirtualQube works to earn the respect and trust of partners and clients by providing creative technology solutions with friendly and accessible customer support. Learn more at www.VirtualQube.com.
Tailwind Public Relations
Jeff Pecor, 206-948-1482
Venture Capital Database