Lee Technologies Loans $2.3 Million to ServerVault
Page 1 of 1
Lee Technologies Group is loaning $2.3 million to ServerVault, Inc., a secure managed hosting services provider based in Dulles, Va. ServerVault will use the credit facility to finance critical power, security, monitoring, and cooling equipment recently purchased for its state-of-the-art data center nearing completion.
The credit facility also allows ServerVault to begin provisioning new customers already in its pipeline for the new data center. The company's roster of approximately 50 current customers includes United Way, Primedia, and Network Solutions.
Lee Technologies, also based in Dulles, provides infrastructure electrical and mechanical products, facility integration, site commissioning, facility wide service, and off-site monitoring to data centers.
"We are happy to provide ServerVault financing at this critical time in our partner's history," said John C. Lee, IV, president and chief executive officer (CEO) of Lee Technologies, a company he founded in 1983. "ServerVault is a valuable customer, and a showcase for the advanced technology that we provide. From Lampertz vaults to Caterpillar generators to Netcool monitoring, ServerVault is outfitted to provide customers with the best in secured hosting services."
ServerVault owns and operates the first and only commercial data center to meet the Department of Defense Internet security standards.
"Lee Technologies has been a valuable partner to ServerVault," said Patrick J. Sweeney, president and CEO of ServerVault. "The Lee Technologies credit facility provides us a vote of confidence at a time when capital is only going to the very best companies. Lee Technologies is no stranger to hosting. They can distinguish winners, having provided critical infrastructure to most of the major players in our space, and understand where we are going."