Layered Technologies, Inc., a Plano, Texas-based provider of on-demand and cloud computing IT infrastructure, has received a growth equity investment from a group of investors led by Accel-KKR, a technology-focused private equity investment firm.
Primary existing investors, Enhanced Equity Fund, L.P., and Pangloss International, also participated in the round.
Founded in 2004, the company provides managed dedicated hosting, on-demand virtualization/cloud computing and Web services.
The new capital will be used to fund continued growth and expansion of Layered Tech’s product and service offerings, as well as to further capitalize the business to support its existing customer base.
Commenting on the financing, the company’s Chairman and CEO, Jack Finlayson, was quoted as saying: “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”.