IO Closes $260M Credit Facility

IO, a Phoenix, Arizona-based provider of software-defined data center technology, closed a $260m multi-year credit facility.

Backers included Wells Fargo, Mutual Bank of Omaha, Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.

This new credit facility aims to help the company continue to grow operations.

Led by George D. Slessman , CEO and Product Architect, IO provides enterprises, governments and service providers witt data center infrastructure technology to lower the total cost of data center ownership by offering an innovative way to deploy, provision and optimize data center capacity based on the needs of businesses, applications and users.
When delivered as a product, the IO platform provides:
– IO.Anywhere® modules, which can be deployed by customers within or outside their existing data centers, at a remote location or office, or at a third-party service provider’s location;
– IO.OS® data center operating system software, and
– services including warranty, training, support, installation and integration.
When delivered as service, IO deploys, operates and monitors the IO platform for customers in a facility that is operated by IO or a Powered by a partner.



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