Tuesday, May 14, 2013

IO Raises $260 Million for Software-Defined Modular Data Centers

IO, which specializes in software-defined, modular data centers, closed a new $260,000,000 multi-year credit facility led by Wells Fargo.

"IO.Anywhere" is a standardized, manufactured, factory-tested, UL-Listed data center in a shipping container, which managed, controlled, and optimized by the IO.OS data center operating system. It can be deployed incrementally at a company location, at an IO facility, or at an IO-partner data center. IO is based in Phoenix, Arizona.

IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank. Wells Fargo Securities, BMO Capital Markets, J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets served as joint lead arrangers.

“This new credit facility will help IO to continue to design, engineer and deliver the world’s leading software-defined data center technology,” said George D. Slessman, IO CEO and Product Architect.


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