365 Data Centers pull the ‘cloud’ to customers

The company said Wednesday it had raised $16 million in new funding from its earlier investors, Crosslink Capital and Housatonic Partners, plus up to $55 million in credit from Fortress Investment Group's credit unit. That will help 365 Data try to set itself apart in a fast-growing data-center environment that includes Philadelphia-area facilities run by companies like Maryland-based TierPoint (new owner of the former Philadelphia Technology Park data center at the Navy Yard), Digital Realty Trust, Atlantic County-based Linode, and others.

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