The company intends to use the funds to build sales and development teams (http://www.thinkgrid.com/about-careers.aspx) and open more datacentres to support international growth of the partner ecosystem.
Founded in 2008 and led by Rob Lovell, ThinkGrid provides infrastructure and a control panel platform that allows IT solution providers to become cloud service providers able to create, bill and manage IT services in real-time. The platform includes a full range of services such as Hosted Virtual Desktop, Exchange, VoIP, Software-as-a-Service and Virtual Server Infrastructure. Partners are allowed to re-package, resell and rebrand products and services.
The company has its own R&D facility in Ukraine.