HomeUSA(mt) Media Temple, Receives $15M Investment

(mt) Media Temple, Receives $15M Investment


(mt) Media Temple, Inc., a Los Angeles, California-based provider of virtualized, managed hosting, has received a $15m investment from Triangle Capital Corporation (Raleigh, NC) as lead investor, and GMB Mezzanine Capital, L.P. (Minneapolis, MN).
Proceeds from the investment will be used principally for infrastructure capital expenditures, new products, working capital, and debt repayment.
(mt) Media Temple provides businesses around the world with services to host websites, email, business applications, and other rich Internet content. The team is comprised of 150+ employees with a U.S. based support department serving customers in over 60+ countries.
The company serves over 85,000 customers and more than 600,000 domains in top tier datacenters on the east and west coast of the United States.