Company adds TierPoint founder, Octavio Morales to Board of Directors
From Press Release – Lume, a global provider of cloud and data center services, announced today that it has secured a $4.3 million investment to support its innovative cloud offerings and bring the company’s Cloud Anyware™ and edge data center solutions to new markets and customers.
The funding round was led by BaseCamp Capital LLC, a Colorado-based private equity group. In addition to BaseCamp, several top executives and industry leaders also contributed to the round, including:
- John Schanz, former EVP and Chief Network Officer at Comcast
- Joe Wetzel, former Earthlink President and COO
- Mark Mendes, former senior executive at Cisco/BroadSoft
- Octavio Morales, founder of TierPoint
“This financial partnership with BaseCamp, along with Octavio’s added expertise on the Board, will help us fulfill our vision for delivering edge cloud solutions and execute our growth strategy much faster.”
Lume also announced today that Octavio Morales has joined the company’s Board of Directors. Mr. Morales was one of the original co-founders of TierPoint and served as the company’s CEO until its acquisition in 2012. He has over 30 years of experience and expertise within the industry that will help guide the company’s growth strategy.
“What an exciting time to be joining this fantastic team,” said Morales. “This investor support serves as great validation of what Lume has accomplished. It also serves as a significant reminder of the company’s market traction and the ongoing support of their client base. Together, we have an opportunity to continue to assist businesses with their mission critical cloud infrastructures, while keeping pace with, and growing with the market as it continues to thrive,” added Morales.
This round of funding will allow the company to expand its Cloud Anyware™ solution suite, which allows customers to mix and match public and private cloud services for each application and choose the edge data center location where the environment is deployed and managed.
Lume is focused on assisting businesses better define what “cloud” means for them and helping them navigate what is often a complex process with its unique Cloud Fit™ model – a set of evaluation criteria and tools used to help customers understand their requirements and choose the right cloud solution for their business.
“Companies are looking to the cloud to unburden their organization of capital expense, ease complex IT infrastructure management, and ultimately help them be more flexible to focus on their core business,” said Lume CEO Kyle Verzello. “We help companies consider all infrastructure options available to them and work with them to optimize the right solution for cost, performance, and security. This financial partnership with BaseCamp, along with Octavio’s added expertise on the Board, will help us fulfill our vision for delivering edge cloud solutions and execute our growth strategy much faster,” added Verzello.
Leave a Comment