Evocative, a global provider of Internet infrastructure, today announces that it has raised debt financing from a large global investment firm. The debt financing complements the continued equity support from the company\u2019s long-term investment partner,\u00a0Crestline Investors, Inc.\u00a0This investment will further the company\u2019s continued growth and expansion to support the accelerating demand for\u00a0data centers\u00a0and colocation space fueled by AI development.<\/p>\n
\u201cThis financing marks a significant milestone in Evocative\u2019s continued journey to expand capacity and deliver on our long-term vision of high density colocation and a robust global\u00a0network\u00a0to support next generation AI applications,\u201d said\u00a0Derek Garnier, CEO at Evocative. \u201cWe remain committed to building with discipline, scale, and customer focus. Our aim is to continue delivering the space, power, and connectivity required for AI development, hybrid cloud environments, and infrastructure diversification.\u201d<\/p>\n
Crestline Investors, Inc. has partnered with Evocative for several years, supporting the company through multiple phases of its strategic growth plan. The firm has consistently backed Evocative\u2019s efforts to scale its digital infrastructure platform and strengthen its ability to meet the increasing demands of enterprise and service provider customers.<\/p>\n
\u201cCrestline has worked closely with Evocative as the company continues to execute its strategic business plan,\u201d said\u00a0Will Palmer, Partner, Co-Head of US Corporate Credit. \u201cWe believe Evocative is well positioned to meet the increasing demands of the digital infrastructure industry, and we are pleased to support their ongoing expansion and long-term vision.\u201d<\/p>\n
Guggenheim Securities served as sole structuring advisor and placement agent for the transaction. Jones Day acted as legal counsel to Evocative. Altman Solon provided commercial due diligence support; BSP acted as the technical advisor; and EisnerAmper\u2019s Transaction Advisory Services (TAS) Group prepared a Quality of Earnings (QoE) Analysis.<\/p>\n
The funding will enable targeted infrastructure investments, including capacity upgrades, strategic metro expansions, and continued enhancements across Evocative\u2019s data center, network,\u00a0bare metal, and cloud platforms to better support enterprise and service provider customers.<\/p>\n
Explore\u00a0AITechPark\u00a0for the latest advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!The post Evocative Raises Financing to Fuel Continued Growth first appeared on AI-Tech Park.<\/p>\n","protected":false},"excerpt":{"rendered":"
Evocative, a global provider of Internet infrastructure, today announces that it has raised debt financing from a large global investment firm. The debt financing complements the continued equity support from the company\u2019s long-term investment partner,\u00a0Crestline Investors, Inc.\u00a0This investment will further the company\u2019s continued growth and expansion to support the accelerating…<\/p>\n
The post Evocative Raises Financing to Fuel Continued Growth<\/a> first appeared on AI-Tech Park<\/a>.<\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[4,1,37,30,36,31],"tags":[3],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-ai","category-ai-and-ml","category-ai-development","category-ai-news","category-ai-tech-news","category-aitech-news","tag-ai"],"yoast_head":"\n