ORIX Growth Capital Invests in Faction
ORIX Growth Capital recently completed a growth capital investment in Faction, a leading Managed Service Provider for VMware Cloud on AWS.
“Throughout 2018, Faction saw an explosion of interest in customers looking for cost-effective solutions for running VMware Cloud on AWS. We have experienced impressive growth in our Hybrid Disaster Recovery-as-a-Service and Faction Cloud Control Volumes for VMware Cloud on AWS offerings,” said Luke Norris, founder and CEO of Faction. “The need for high-performance and scale-out storage that can expand with customers’ needs across clouds including Azure, AWS, Google Compute Engine and VMware Cloud on AWS is only going to increase. This investment will enable us to reach more customers faster with an even stronger portfolio of managed multicloud solutions.”
“Faction is experiencing growing market demand with enterprise infrastructure increasingly extending into the hybrid cloud,” said Jeff Bede, Head of ORIX Growth Capital. “Faction has a strong management team and a differentiated disaster recovery offering, and we are excited about their momentum and growth opportunity.”
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