Tuesday, March 22, 2011

CoreXchange Gets New Funding

Dallas-based CoreXchange, the provider of colocation and other data center services, said today that it has scored an equity funding from Orix Corporate Capital, along with existing investor Red Barn Investments. Financial details of the funding were not disclosed. CoreXchange said the new funding will go to expand its data center infrastructure, and fuel growth of its colocation service offerings. COreXchange is headed by Peter Pathos. The colocation firm specifically said it would be investing in its facilities at the Dallas Infomart and The Connection at 8600 Harry Hines. A recent regulatory filing from the firm indicated the funding was worth $8.9M. More information »