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Industry News Desk SoftLayer Revenue and Operations Grow in First Half of 2010
SoftLayer provides highly automated, on-demand data center and IT services
By: Elizabeth White
Jul. 26, 2010 07:30 PM
SoftLayer Technologies, an on-demand data center services provider, on Monday announced solid financial and operational growth through the first half of 2010. SoftLayer provides highly automated, on-demand data center and IT services that allow businesses to more efficiently utilize their resources and decrease their capital expenditures. The company earned $60 million in revenue for January 1 through June 30, leading to 21 months of GAAP profitability and sequential growth. “Not only have we had record performance already this year, at the same time we’ve made significant preparations for years to come,” said Lance Crosby, Chief Executive Officer for SoftLayer. “We’ll experience the return on some of this year’s developments, like the launch of our seven additional network POPs, well into tomorrow. And we are securing our future through a new capital structure including a significant equity and debt investment.” Key milestones for SoftLayer through the end of June this year have included:
Significant achievements, updates, and launches have included:
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