Peak Raises $4 Million in New Funding

DENVER, CO--(Marketwired - Jan 9, 2014) - Peak® (formerly PeakColo), an enterprise-class IaaS Cloud provider for channel partners, today announces it has secured $4 million in new financing from its current investment group, Meritage Funds and Sweetwater Capital. The funding will help support key partnerships including a recently announced agreement with Telx, provider of global interconnectivity and datacenter solutions. The funding will also support Peak's continued explosive demand for cloud computing services due to its unique channel-centric sales and service model.

Peak offers cloud computing to its large ecosystem of value-added resellers (VARS), distributors, agents and service providers who white-label or re-sell Peak's cloud as their own solution. With cloud nodes located in eight geographies across the United States and Europe including Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta, and the United Kingdom, Peak is able to address a wide range of services including disaster recovery, production workloads, storage and backup in the cloud. Leveraging Peak's 100% uptime SLA as well as its dedicated compute and storage resources, clients can easily access Peak's cloud nodes from their office locations, data centers or even other clouds via its patented Layer 2 Direct Connect services, a unique option allowing easy migration to its cloud computing and specialized application environments.

"By securing additional funding, Peak manifests its destiny by expanding into additional markets coast to coast, and serving a larger client base," comments Luke Norris, CEO and Founder of Peak. "With our patented technologies we are helping companies realize the many benefits of enterprise cloud computing more readily and more economically. As such we have seen over 430% growth over the past two years.  We are excited about our year ahead and further serving our reseller and agent community with our best-in-class solutions."

Cloud solutions powered by Peak include personalized, high-touch technical service and support as noted by its 2013 awards and recognition including:

• #5 Ranking on CRNs 2013 Fast Growth 150 List
• Talkin'Cloud Top 100 Cloud Services Provider Award
• Compuware Top 25 Cloud Service Providers Performance Award

For more information about Peak's infrastructure-as-a-service cloud solutions engineered for the channel, please contact sales@poweredbypeak.com or visit http://www.poweredbypeak.com.

About Peak

Peak® is an enterprise-class Infrastructure-as-a-Service (IaaS) cloud service provider to channel partners. White-labeling Peak's cloud services as their own, resellers and agents rapidly enter the cloud marketplace under their own brand without capital expenditure, enjoying a faster route to profitability. Peak operates Type II SSAE 16 and SOC 1 & 2 compliant cloud nodes in eight geographies across the United States and in Europe (Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta, and the United Kingdom). Its VMware vCloud® Powered cloud environment contains tens of thousands of virtual machines and multiple petabytes of storage for public, private, hybrid and disaster recovery solutions. Peak offers both Cisco UCS and Open Compute platforms, and is a Platinum-level NetApp Service Provider. For more information, visit www.poweredbypeak.com call (855) 532-4734; or follow us on Twitter or LinkedIn.