C7 Raises $25 Million to Expand Data Center Footprint
Colocation provider C7 Data Centers has secured $25 million in debt and equity funding from MCG Capital Corporation and previous investment partner Signal Peak Ventures, the company said Tuesday. C7 said it will use the funding to expand its data center footprint and operations. C7 operates four data centers in the Salt Lake City market. Its best known client is Twitter, but it also provides space for companies like Answers.com, Motorola and WestHost. The company says it has benefited from Utah’s power rates, connectivity infrastructure, limited natural disasters and business environment.
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