Green Cloud Technologies, a Greenville, SC-based cloud technology solutions provider, received $7.5m in debt and equity financing.
The package consists of a $5m senior line of credit with Bridge Bank and $2.5m of additional equity and sub debt provided primarily by its existing investor base.
The company will use the new capital for expansion of its national channel partner program and tuck-in cloud or data center asset acquisitions.
Led by Shay Houser, CEO, Green Cloud provides custom Cisco-powered infrastructure, backup and recovery solutions, and virtual desktops and support to a partner network of value-added resellers, managed service providers, and select consulting organizations.
Its data centers operate on technology platforms including Cisco, VMware, and Tintri.