Secure-24 Receives Growth Equity Investment

Funding Rounds

▤ Summary

Secure-24, Inc., a Detroit Metro area-based provider of business critical application hosting and cloud services, has received a growth equity investment of undisclosed amount.The round was led by Pamlico Capital, with participation from HarbourVest Partners, which will help the company continue to grow.Industry veteran Michael Jennings – co-founder and CTO of Appshop, Inc. a leader in Oracle ERP hosting – will join the management team.Founded in 2001 by Volker Straub and CEO Matthias Horch, Secure-24 delivers managed IT operations, ERP application hosting and cloud computing services from data centers in the United States.The company manages complex IT landscapes and business critical applications for mid-market and Fortune 500 organizations in industry segments such as manufacturing, technology, consumer goods, chemicals, financial services, construction, healthcare, pharmaceuticals and transportation.

$ Funding

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Amount - Total raised
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Date September 26, 2012 Announcement date
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Investors Pamlico Capital, Secure-24 Lead investors
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Company http://www.secure-24.com Funded company

▥ Classifications

industries
HealthTech
applications
ERP & Process Management

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▦ Linked Companies

Secure-24
$50M to $100M