365 Data Centers Gets Into Cloud Storage Business

365 Data Centers is transforming from colocation provider to colocation and cloud services provider. Today, it has taken the first step in this transformation, announcing a new local enterprise cloud storage service the company is launching across its entire footprint of 17 data centers. The company recently raised $16 million in a Series B funding round and secured a $55 million credit facility, which it said it would use for service portfolio and market expansion. This is the first major service expansion.

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