Wednesday, March 12, 2008

Layered Technologies, Inc., a leading worldwide provider of "on demand" IT infrastructure got $11 million in funding

What Company Is Offering:
Layered Technologies, Inc. is a leading global provider of on-demand hosting, utility computing solutions and Web services. By providing high quality technology, infrastructure and support we enable customers to forego capital expenses and save on operating costs while focusing on core business issues. Layered Technologies' scalable infrastructure powers millions of sites and Internet enabled applications including e-Commerce, Software as a Service ("SaaS"), content distribution and more.

How Much They Got From VCs:
Layered Technologies, Inc., a leading worldwide provider of "on demand" IT infrastructure, announces the completion of an investment round of $11 million, led by US private equity firm Enhanced Equity Fund, LP (EEF) and the founding investor, Pangloss International.

"We are proud to support Layered Tech's continued growth in the fast moving hosting services market," said David Howe, Managing General Partner for Enhanced Equity Fund. "We see great potential for Layered Technologies to play a key role in shaping the future of grid computing and virtualized services within the hosting marketplace."

About VCs;
Enhanced Equity Fund manages a $225 million equity fund, focused on private US growth companies in two sectors: healthcare services and information technology services. See for more details.


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