Funding Fuels One of the Industry’s Fastest-Growing Infrastructure Solution Providers
LOS ANGELES–(BUSINESS WIRE)–February 4, 2014–
Unitas Global, the infrastructure solutions provider that specializes in delivering Enterprise Private Cloud (EPC) solutions to major organizations around the world, announces today the completion of a funding round led by Chicago-based MK Capital and San Francisco-based Azure Capital.
According to Gartner, by 2015, at least 20% of all cloud services will be consumed via Internet or external cloud service brokerages. This demand is driving extraordinary growth for Unitas Global’s private cloud services. Furthermore, key partnerships with leaders in the data center industry as well as systems integrators and I.T. technology providers have resulted in an opportunity for Unitas Global to strengthen its market-leading position with its Enterprise Private Cloud service. By tapping additional investors, Unitas will leverage funds to grow the company’s global sales force and expand its customer service capabilities.
“We are incredibly excited to be working with this team of world-class investors to realize and execute on the vision we have for Unitas Global,” stated Grant Kirkwood, CEO and Founder of Unitas Global. “We believe that market forces and timing have aligned to create an opportunity of unprecedented proportion. Over fifty percent of our revenue comes from Fortune 500 companies, which speaks to the need for our differentiated, market-leading private cloud solutions. With operations throughout the world we can offer service on a scale unmatched by our competition.”
“Azure believes the migration to cloud-based infrastructure is a multi-decade transition that has only recently begun,” noted Paul Weinstein, founding General Partner of Azure Capital. “Traditional IT infrastructure and the associated legacy management and monitoring systems impose a tremendous operating cost and complexity burden on IT operations. We are impressed that Unitas’s customized EPC solution delivers substantial operational agility and cost savings to such a broad mix of customers in the media, healthcare, service provider and financial services sectors,” commented Weinstein.
As part of the financing round, Patrick Shutt, who served as advisor to Unitas through the process, will join the company’s board of directors. MK Capital partner Bret Maxwell and Azure Capital partner Paul Weinstein will also join the company’s board. Unitas’ CEO Grant Kirkwood will serve as board chairman.
“We were quite impressed when we met Grant and his team and saw what they had accomplished over the prior two years,” said Bret Maxwell, Managing General Partner at MK Capital. “We feel Unitas Global is positioned to be a leader in the emerging Enterprise Private Cloud market helping organizations with the migration to the cloud.”
About Unitas Global
Recently ranked in the top ten best places to work in Los Angeles, Unitas Global is the infrastructure solutions provider that simplifies and manages enterprise IT environments through a scientific approach that transcends the art of technology. We enable clients to refocus and optimize internal IT resources toward more innovative business objectives. We combine problem-solving expertise with a dedication to service in order to offer streamlined, all-inclusive infrastructure solutions. Enterprise Private Cloud is the foundation of our fully managed and custom solutions, simplifying IT environments one client at a time. Unitas has offices and private cloud operations located in key markets globally. For more information, visit www.unitasglobal.com.
About MK Capital
MK Capital invests in early and growth stage companies in the software and digital media industries. The firm’s partners, who average over fifteen years of venture capital experience, partner with entrepreneurial management teams to build leading companies in emerging markets. MK Capital has deep domain expertise in the marketing, education and cloud infrastructure industries. The firm is headquartered in Chicago and has offices in Los Angeles and Ann Arbor. MK Capital manages over $250 million in capital and is actively seeking new investment opportunities. For more information, visit www.mkcapital.com or call 312-324-7700.
About Azure Capital
Founded in 2000, Azure is a San Francisco-based venture capital firm, with over $750 million under management, focusing on early stage, investment opportunities in the software, infrastructure, mobile, digital media and commerce sectors. The Azure team is recognized for industry thought leadership, a broad network of powerful industry relationships and a unique professional investment approach to venture investing. Azure passionately supports our portfolio companies with active guidance in all key aspects of team building, strategy, operations and governance. Fore more information, visit www.azurecap.com.
Media Contact for Unitas Global:
iMiller Public Relations
+1 866 307 2510