DH Capital Closes Cervalis Deal (April 10, 2007) - Investment banking firm DH Capital (dhcapital.com) announced on Monday the closing of $20 million in senior credit facilities for data center operator and Web hosting provider Cervalis (cervalis.com).
MCG Capital (mcgcapital.com) from Arlington, Virginia provided the financing for the transaction while DH Capital served as exclusive financial advisor to Cervalis.
"DH Capital did a great job in this process, working closely with the company to find the best financing solution," says Michael Boccardi, CEO of Cervalis. "We are very pleased to establish this relationship with MCG Capital. The additional capital will enable us to successfully expand our business strategy of providing high availability data center facilities and services to our clients."
Cervalis is a premier provider of IT infrastructure solutions including business continuity and rapid recovery, managed hosting, managed security, networking and telecommunications, managed storage and colocation.
Cervalis Signs Andor Capital Management (April 25, 2003) - Cervalis (cervalis.com) announced last week that it has been selected by Andor Capital Management to provide it with a secondary facility for its IT operations.
As part of its business continuity plan, Andor configured its secondary IT operations site at Cervalis and included the hardware, software, telephony and network connectivity required in case of activation due to an emergency. ?We are impressed with the thorough and comprehensive business continuity approach of our customer,? said Mike Boccardi, Cervalis CEO. ?Cervalis is proud and pleased to be part of this effort.?
According to a company release, Cervalis helped Andor secure a 24/7/365 facility that would enable it to provide uninterrupted service to its customers and maintain operational continuity under all circumstances ? an extremely important consideration for the customer who did not want to risk the severe business repercussions that downtime could create.
Based in Stamford, Connecticut, Cervalis provides IT outsourcing and secure managed services to the enterprise market.
Riverhead Networks, Cervalis Demonstrate DDoS Security (May 30, 2002) - Riverhead Networks (Riverhead.com), a provider of Distributed Denial of Service (DDoS) protection solutions, and managed hosting and IT outsourcing firm Cervalis (Cervalis.com) said today they had teamed up to demonstrate the successful mitigation of a DDoS attack in a secured hosting environment. The companies said the test demonstration was the first of its kind.
The trial environment was built using Cervalis' network armed with Riverhead Guard, which offers active protection against DDoS attacks. Ten different DDoS attacks were launched against a target server and routers while measuring the service level to legitimate end users of the attacked sites. The companies said the test results proved that sites located within the DDoS-protected environment experienced uninterrupted flow of legitimate traffic, even at the peak of the attacks.
"Riverhead has convinced us with unquestionable proof that real-time protection from DDoS attacks is feasible," said Eddie Rabinovitch, Vice President of Global Networks and Infrastructure Operations at Cervalis. "We plan to offer this unique service to our customers."
DDoS attacks crash systems by flooding servers or networks with useless traffic, preventing legitimate from gaining access to those resources.
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