by Tom | Apr 29, 2014 | News, Press Releases
SAN FRANCISCO, Calif., April 29, 2014 — Fountain Partners announced it has provided a total of $13 million in equipment lease lines of credit to DigitalOcean, the world’s fastest growing cloud provider. The lease lines are helping DigitalOcean grow its customer base by expanding data centers worldwide, including new centers in Amsterdam and Singapore, as well as their first center in London opening this summer. Karl Alomar, COO of DigitalOcean, said his company began using an initial $3 million lease line of credit in 2013 — its first independent line for direct leases — to increase servers at its U.S. data centers, which were straining to handle 30%-35% month-on-month customer growth. DigitalOcean can add more than 4,000 customer accounts for every $1 million worth of servers. “More recently, Fountain Partners came in ahead of the pack again and offered another $10 million, becoming our first eight-figure line,” he said. Fountain recognized DigitalOcean’s need for international capacity with this lease line of credit that included $5 million for overseas expansion. “We had some international capacity before, but this was the first significant chunk of financing dedicated to international infrastructure. This helped us expand in Amsterdam and launch the Singapore data center this year with confidence,” Alomar said. “Fountain Partners understood the business model and got into the weeds of the business model more so than other financing providers. They had good foresight, business understanding, and they knew the market well. They were able to see the opportunity,” Alomar noted. “Fountain Partners was more entrepreneurial in thinking… interested in the direction the company was going rather than just where it was.” DigitalOcean currently...
by Tom | Sep 26, 2012 | Blog, News
According to Inc. magazine Accolade, Inc. has been ranked the number one fastest growing healthcare company over the last three years on the 2012 Inc. 500. Overall, Accolade ranked thirty-third on the 2012 Inc. 500 list of America’s fastest growing companies. The 2012 Inc. 500|5000 is an exclusive listing of the nation’s fastest growing private companies ranked according to revenue growth percentage when comparing 2008 to 2011. Accolade ranked 33rd overall in the 2012 Inc. 500 survey. Accolade provides an innovative employee benefit that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. The personal connections Accolade Health Assistants nurture with each family result in healthier and more productive employees, greater employee satisfaction and commitment, and significantly lower healthcare costs for their...
