US data center service provider Horizon recently sold $5 million worth of securities, according to the company’s filing with the US Securities and Exchange Commission submitted on Thursday. The sale is part of the company’s ongoing total offering of $7.5 million.
The two buyers’ names were not disclosed by the Plano, Texas-based company.
It was not clear on Wednesday what purposes Horizon was raising the money for specifically, but the company had announced expansion plans beyond its facilities in Texas and California. The most immediate expansion plan is in Virginia, where the company is expected to announce a new location by the end of 2009.
Horizon is a major Digital Realty Trust customer. It leases at least two of its three Dallas data centers from the San Francisco-based REIT in addition to a 4,000-square-foot space at DRT’s large Los Angeles property at 600 West Seventh St. One of the Dallas facilities is 25,000 square feet and the other two are 12,500 square feet each.
The company offers IT infrastructure, disaster recovery, application support and IT outsourcing services. In September it launched its first cloud-based offering, providing private cloud services under the brand FlexSafe Cloud.
Source:http://www.datacenterdynamics.com/ME2/dirmod.asp?sid=&nm=&type=news&mod=News&mid=9A02E3B96F2A415ABC72CB5F516B4C10&tier=3&nid=F3A55E94863249FE8C39F0DC899E1F42
