RapidScale, an Irvine, CA-based cloud computing company, received an investment from Chris Palermo.
The investment will provide RapidScale with the additional capital needed to increase resources in order to keep up with continued growth.
Mr Palermo, the Founder, CEO, and President of Global Communication Networks, Inc., adds to the company’s investor group, which includes the former President of Sprint Wholesale, former COO of Terremark, former President of Ariba Networks, Managing Partners for two leading Venture Capital firms, and an early investor and longtime board member of a large telecommunications company.
Led by CEO Randy Jeter, RapidScale delivers cloud computing solutions to companies of all sizes across the globe including telecommunications providers, VARs, MSPs, and agents. Solutions include CloudServer, CloudDesktop, CloudOffice, CloudMail, CloudRecovery, CloudApps, etc.