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@CloudExpo: Press Release

Layered Technologies Receives Growth Equity Investment Led By Accel-KKR

Investment to help fuel further growth, including aggressive strategic acquisition program

Layered Technologies, Inc. (Layered Tech), a worldwide provider of on-demand and cloud computing IT infrastructure, today announced that it has received a growth equity investment provided by a group of investors led by Accel-KKR, a technology-focused private equity investment firm. Layered Tech's two primary existing investors, Enhanced Equity Fund, L.P., and Pangloss International, also participated.

The investment will be used to fund continued growth and expansion of Layered Tech's industry-leading managed services, cloud computing and virtualization product offerings, as well as to further capitalize the business to support its existing customer base.

Founded in 2004, Layered Tech is a leading global provider of managed dedicated hosting, on-demand virtualization/cloud computing and Web services.  With eight top-tier data centers around the world, the company's infrastructure powers millions of Web sites and Internet-enabled applications including

e-commerce and software as a service (SaaS).  Layered Tech has seen rapid growth in recent years, and in 2009 was ranked in the top 15 percent of Deloitte LLP's Technology Fast 500, and was also named to the Inc. magazine list of the 5,000 fastest-growing private companies.

"We are very pleased to begin this relationship with Accel-KKR, which is well known for its assistance of technology companies in accelerating their growth while increasing their value to investors and customers alike," said Layered Tech Chairman and CEO Jack Finlayson.  "Accel-KKR's long-term commitment and strong capital base strengthens Layered Tech's financial foundation.  This partnership is key to our ability to grow organically and through aggressive strategic acquisition programs.  In addition, this new capital will help us expand operationally, enhance our already robust automation platform, and enable Layered Tech to offer additional benefits to our customers."

Ben Bisconti, Managing Director of Accel-KKR, said, "The Layered Tech team has rapidly established an impressive managed services, virtualization and cloud computing business, driven by one of the strongest product offerings in the market and superior operational expertise.  Jack Finlayson and his team have been building an exceptional company, and we look forward to partnering with them as they continue their strong track record of growing the business.  In this challenging economic environment, we believe a well-capitalized business has a competitive advantage in delivering outstanding quality and service to the marketplace; we are excited to be joining existing investors in assuring Layered Tech has all the resources necessary to build on its leadership position and continue to deliver world-class solutions to its customers."

More Stories By Christina Baldwin

Christina Baldwin brings to Jetstream PR diverse communications experience with a special emphasis on high-tech, B2B, healthcare and hospitality communications. In her more than seven years of experience, Christina has managed a variety of public relations campaigns for clients including InnerWireless, MEDHOST, Harris Corporation, GlaxoSmithKline, John Q. Hammons Hotels, Texas Scottish Rite Hospital for Children, and ALTANA Pharma. Christina leads clients’ media and analyst relations programs and also directs tradeshow initiatives. She manages awareness-building activities for a number of clients, including InnerWireless, MEDHOST and Layered Technologies, all of which are now viewed as prominent players in their markets. Prior to joining Jetstream in 2004, Christina gained experience at Publicis Dialog in Dallas where she was a key member of the healthcare and travel/hospitality teams. Christina’s client service experience in a variety of disciplines has provided her the opportunity to acquire in-depth knowledge of several industries. She has successfully built lasting relationships with key print and broadcast media, securing placements in The Wall Street Journal, the Dallas Business Journal, USA Today, The Los Angeles Times, The Chicago Times, the Associated Press, CNBC, CNN, and in most of the healthcare, travel/hospitality trades.

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