MacStadium, a global provider of Apple Mac hosting, colocation, cloud hosting and Infrastructure-as-a-Service (IAAS) solutions, founded in 2012, has closed $1 million in Series A equity funding from a private angel investor. The financing brings the total 2014 debt and equity funding for the company to $2.2 million. Morris, Manning & Martin, LLP, represented the company in the transaction.
This latest infusion of venture capital will be used to accelerate MacStadium’s growth into Europe and the Asia Pacific region beginning in the first quarter of 2015, as well as to enhance new product development activities relevant to the company’s core Apple IaaS and VMware cloud deployments. MacStadium currently has developers accessing its hosted network from over 40 countries around the globe.
The funding was acquired after MacStadium’s presentation gained attention at Venture Atlanta, an annual event where Georgia’s top technology innovators meet the country’s top-tier investors.
New Board Members
“Many software and application developers require a Mac-centric environment for testing and design that can be managed and accessed globally via the cloud,” said Greg McGraw, CEO at MacStadium. “By expanding into Europe and Asia Pacific, we can place hosted servers geographically closer to that region and reduce network latency loss in half or more, translating into increased testing efficiency and real dollar savings.”
MacStadium also announced two new board members. They include Jeffery Jones, co-founder and CEO of Apto Solutions, a global provider of IT asset disposition, and R. Will Brooks, CFA, AVA and Partner at Brooks Schussler Company, a financial advisory firm where he is responsible for valuation and negotiation of real estate transactions in excess of $100 million.
Prior to launching Apto, Jeffery Jones served in key executive roles for World Access and Telephone.com where he was responsible for all aspects of the company’s operations and financing activities, and helping the company raise over $5 million in private equity funding. Jones is also skilled in mergers and acquisitions, corporate case management and international transactions.
Will Brooks was formerly the President and co-founder of Security Check, a start up payment processing business that was sold for excess of $15 million. He is also a member of the CFA Institute and the National Association of Valuation Analysts.