Tuesday, June 26, 2012

Layered Technologies Gets $38M Credit Facility

Plano-based Layered Technologies said this morning that it has secured $38M in a credit facility. The funding came from Fortress Investment Group, and will go towards enhancing and expanding its compliant hosting and cloud services. Layered Tech, which is headed by Jack Finlayson, provides web hosting services which complies with requirements for payment card industry (PCI), Health Insurance Portability and Accountability Act (HIPAA), and Health Information Technology for Economic and Clinical Health (HITECH) Act requirements, which are often hard to meet with other hosting services.