ORIX Ventures Announces Growth Capital Commitment to Virtustream
ORIX Ventures announces the closing of a subordinated term loan to Virtustream, a leading enterprise class cloud software and Infrastructure as a Service (IaaS) provider. The funding will provide growth capital to support further product enhancements and expansion across new geographic markets and industry verticals as demand for enterprise class cloud solutions continues to increase rapidly.
Headquartered in Bethesda, Maryland, Virtustream delivers enterprise class cloud solutions to enterprises, governments and service providers. With Virtustream, businesses can move complex production applications to the cloud and benefit from the dramatic operational advantages and cost savings of cloud computing. This funding highlights ORIX Ventures’ flexible growth capital solutions for high-growth companies and its ability to team up with Silicon Valley Bank.
“We are excited to be working with ORIX Ventures,” said Mike Provenzano, CFO of Virtustream. “Its team understands our business, and this financing will further drive client growth, accelerate enhancements to our cloud solutions and expand Virtustream’s geographic coverage to meet rapidly escalating cloud demand, particularly from the enterprise, service provider and government market sectors.”
Jeff Bede, managing director in ORIX Ventures’ Washington, D.C. office, commented, “We are impressed by the significant traction and product disruption of Virtustream’s cloud software and IaaS solutions. With our resources, ORIX Ventures is well equipped to support its continued growth as a leading cloud software and IaaS provider.”
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