Friday, October 5, 2007

Dataside Gets $24.5M In Debt

Dallas, Texas-based Dataside, a provider of custom data center space for enterprise installations, announced Thursday that it has received $24.5 million in debt financing from an affiliate of Drawbridge Special Opportunities Fund LLC. The Fortress Investment Group LLC manages the fund, Dataside noted. The Dallas-based company said about half of the money—$12.5 million—will be applied toward existing debt, while the remainder will be used to pursue future data center developments. Dataside added that it has opened two large, Dallas-area data centers in the past few years. The company also maintains two more data centers in Dallas, plus one in Las Vegas and another in Austin, Texas.