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Silicon Valley Bank Provides Debt Facility to MacStadium

June 13, 2017, 07:05 AM
Filed Under: Technology, a Mac hosting authority and provider of Mac Pro private cloud infrastructure-as-a-service (IaaS), announced that it has received a $3 million debt facility from Silicon Valley Bank. MacStadium recently raised a growth capital investment from Summit Partners and Noro-Moseley partners, and will use the financing for general corporate purposes.

Founded in 2012, MacStadium leverages its proprietary, patented platform and dedicated servers to provide hosted cloud solutions to iOS developers in more than 50 countries around the world. With operations in Atlanta, Georgia, Las Vegas, Nevada and Dublin, Ireland, the company serves more than 2,500 customers and has experienced three-year sales growth of 950% from 2013 to 2016.

Having access to efficient debt resources is a key component to support our consistently high growth rate.", said Gregory McGraw, CEO of MacStadium.  "SVB's experience, creativity and great partnership with technology centric businesses is a critical part of our overall success.  We continue to appreciate their product innovation and strong capital commitments to help us grow our business, year over year."

"MacStadium is a leader in on-demand cloud IaaS for Mac hosting and private cloud solutions for customers across the world," said Thomas Armstrong, director of Silicon Valley Bank in Atlanta. "We're excited to build upon our existing partnership with MacStadium to support the company as it continues to mature and expand globally."


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