Carpathia Hosting Secures $71 Million Credit Facility

 

June 5, 2012

Carpathia Hosting Secures $71 Million Credit Facility

Funds Growth Initiatives Including 64,000

Square Foot IBX Vault Data Center

Dulles, Va.—June 5, 2012—Carpathia Hosting, the

leading provider of complex, compliant managed hosting and cloud services for

government agencies and enterprises, announced today a $71 million credit

facility to support growth initiatives, including investments in

sales and marketing, global expansion and the recently announced IBX

Vault data center in Dulles, Va.  The credit facility is

a strong endorsement of the company’s track record and

significant growth prospects.

“We continue to

execute our plan to deliver the most comprehensive managed hosting and

cloud services portfolio to our customers globally,” said Peter Weber, CEO

of Carpathia.  “Coupled with the continued support of Spire Capital,

this credit facility provides more resources for us to respond to the

demands of our prospects and customers as we strive to extend

our leadership position for global managed hosting and cloud

solutions.”

The first quarter of 2012 was

another strong quarter for Carpathia, fueled by record new bookings,

global expansion and the announcement of the IBX Vault data center in

partnership with Equinix. The 64,000 square foot, 7.3 MW facility is

being built adjacent to the existing Carpathia Vault in Dulles, Va. and is aimed

at supporting industry-specific compliant managed hosting and cloud solutions

for healthcare companies, federal agencies and commercial industries.

“We are pleased with the

momentum and growth that Carpathia continues to drive on the heels of

a strong 2011 and a great start to 2012,” said Sean White, Partner of

Spire Capital.  “This new, increased credit facility further

strengthens Carpathia’s position to execute key growth initiatives, and

we are thrilled to have the support of such an impressive group of

financial institutions.”

The $71 million credit facility is funded by a consortium of

three leading financial institutions:  Madison Capital Funding,

CapitalSource and Newstar. Madison Capital is the Administrative Agent for the

credit facility.

About Carpathia Hosting, Inc.

Carpathia

Hosting is a leading provider of managed hosting services, providing secure,

reliable and compliant IT infrastructure and management for some of the world’s

most demanding enterprises and federal agencies. Founded in 2003, Carpathia is

a growing, profitable business run by a seasoned management team with deep

experience in delivering enterprise hosting solutions including colocation,

managed services and cloud computing. Carpathia’s suite of services is designed

for organizations seeking scalable, secure, robust and enterprise-grade hosting

solutions that can be quickly provisioned or tailored to meet unique

requirements. Backed by its E3 Promise, Carpathia consistently delivers an

experience that exceeds customers’ expectations. Carpathia was named to the

Inc. Magazine 500|5000 list in 2011 as one of America’s fastest-growing

companies. Contact Carpathia at 1.888.200.9494, or visit www.carpathia.com for

more information.

Media Contact:

Kelly White

703.840.3949

kwhite@carpathia.com