Layered Technologies Receives $38M Credit Facility from Fortress Investment Group
Summary
Layered Technologies, Inc., a Plano, Texas-based global provider of compliant hosting, managed dedicated hosting and cloud services for mission-critical e-business applications, has received a $38m credit facility from Fortress Investment Group LLC.The company intends to use the funding to continue to enhance and expand its compliant hosting and cloud services.Led by Chairman and CEO Jack Finlayson, Layered Tech provides compliant hosting services that adhere to financial payment card industry (PCI), Health Insurance Portability and Accountability Act (HIPAA), and Health Information Technology for Economic and Clinical Health (HITECH) Act requirements.In addition, the company offers conventional enterprise-class hosting and cloud services.Clients range from large enterprises with advanced data security, compliance and uptime requirements to Web 2.0 startups.