Latisys Expands to UK, Reveals Healthy Financials
Latisys Expands to UK, Reveals Healthy Financials
Press Release – London – Responding to increasing US and international demand for hybrid cloud hosting solutions delivered from its unified data center platform and Cloud Enabled Systems Infrastructure (CESI), Latisys today announced plans for expansion into Europe.
Latisys is deploying its CESI platform in a high density, Tier III data center in London to serve emerging enterprise customer needs—including those of a large multinational company that has embarked on a global platform consolidation initiative. Latisys will immediately offer a hybrid mix of enterprise-grade private and multi-tenant cloud featuring compute, networking, storage, backup and security delivered with self-service capabilities and cloud-bursting. Latisys hybrid cloud hosting is ideal for complex, mission critical workloads and requirements supporting a wide range of industries—from Software as a Service (SaaS) providers to Enterprise ERP & OSS applications to Global IT Services & Consulting practices—with solutions tailored to a multinational or domestic client’s unique requirements and delivered via single site or multi-site configurations.
The expansion is the result of accelerating demand for high performance, scalable and high-touch Latisys solutions—particularly among mid-to-large multinational enterprises with a significant footprint in the US and infrastructure needs abroad. Over the past 12 months, Latisys surpassed $100 million in run rate revenue with accelerating growth driven by several key trends:
- Significant increase in enterprise managed hosting and cloud sales—up 65% from 2012 to 2013
- 35% growth in multi-site deployments from 2012 to 2013, which today account for nearly 40% of total revenues
- Significant growth in hybrid deployments in which customers leverage a mix of IT infrastructure services—cloud, managed hosting, data center services—for a highly flexible solution tailored and optimized on a workload-by-workload basis
“By expanding Latisys’ IaaS platform to the UK, including the addition of an innovative new cloud offering, growth oriented enterprises—and Latisys’ multinational customers in particular—now have access to high performance, hybrid IaaS solutions for their own international expansion,” said William Fellows, Vice President of Research – EMEA, for the 451 Group. “Latisys unified platform approach enables consistent and repeatable benefits of IaaS regardless of geographic location: reducing total cost of IT ownership, limiting complexity and achieving rapid time-to-value, and we look forward to monitoring Latisys’ international expansion in the UK and beyond.”
Strong demand for high density colocation services and Disaster Recovery-as-a-Service (DRaaS) are also key contributing factors to business momentum. Latisys has been free cash flow positive since the end of 2012 and is operating as a fully-funded business. Since its inception in 2007, Latisys has raised $300M in total capital from its Private Equity partners and some of the world’s leading financial institutions. The company’s free cash flow positive position provides significant flexibility and control for exploiting the growth opportunities on the horizon.
“Expanding from our national platform in the US to new international markets represents a natural evolution for Latisys, and we look forward to demonstrating the business benefits of our unified platform to European and US multinationals alike,” said Pete Stevenson, CEO of Latisys. “When we started Latisys in 2007, our goal was to build the most flexible, high performance, hybrid IT infrastructure platform in the industry—supported by exceptional customer care. By integrating best-in-breed technology with process automation, operational best practices and a company-wide culture to serve as an extension of each customer’s IT team, we’ve always had a model that can scale—for customers and investors—and now internationally.”
Overall, nearly 1,000 enterprises and government organizations rely on Latisys as their trusted provider of critical IT infrastructure solutions underpinning their business. With a Net Promoter score of 46, Latisys leads the IaaS industry in customer satisfaction. With security as a priority, Latisys engages external audit firms to perform annual assessments to support customers’ diverse compliance requirements. These accredited examinations span SOC 2, SOC 3, PCI DSS and HIPAA—affirming Latisys’ commitment to meet the highest standards for availability and security.
Latisys is a leading provider of hybrid cloud hosting and data center solutions to medium-sized businesses, enterprise customers and government agencies. With a heritage serving business customers since 1994, and a unified Cloud Enabled System Infrastructure (CESI) deployed across multiple high-density data centers throughout the United States, Latisys offers a scalable outsourced IT infrastructure platform that provides customers with what they need, when they need it. As a client-centric company committed to operating as an extension of each customer’s IT team, Latisys is quickly becoming the IaaS platform of choice for companies that demand more from their IT infrastructure partner. Call 1-866-956-9594, visit www.latisys.com or follow us on Twitter attwitter.com/latisysfor additional information. All Systems Grow.