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Cloudnexa Announces Strategic Business Investments

Company Raises $2.3Million, Announces Executive Team Members

PHILADELPHIA, Nov. 7, 2013 /PRNewswire/ -- Cloudnexa, an industry leading cloud managed services provider known for helping clients realize the full utility power of cloud computing, today announced several strategic business investments.  These investments include the completion of its first round of fundraising, the addition of two key members to its management team, and the acquisition of new corporate headquarters.

The company completed its first round of early stage fundraising, with $2.3M in investments coming into the business from several technology investors including Milestone Venture Partners, who acted as lead investor, Gabriel Investments and Ben Franklin Technology Partners.  "Cloudnexa has a compelling value proposition and business model in the fast growing cloud computing space, we believe they are extremely well positioned for growth as they capitalize on their core differentiation and deliver long term value to clients trying to realize the benefits of cloud computing," said Morgan Rodd, general partner of Milestone Venture Partners.

Also being announced is the addition of two new members to the executive management team.  Lisa Brown joins Cloudnexa as vice president of Marketing and Sales Operations.  Lisa was formerly with Active Power, a data center solutions provider, where she spent the last seven years leading their marketing and sales operations functions.  Also joining the team is Shaun Enright, Shaun takes on the role of vice president and general manager Public Sector leading the corporations' efforts in the government, education and non-profit markets.  Prior to joining Cloudnexa, Shaun was Director at CyberData Technologies where he led their SLED (state, local and education) division and Federal cloud solutions. 

"The investment and confidence these organizations have placed in Cloudnexa is already driving progress and enabling our business to develop a leadership position in the Cloud Management as a Service space," said Joel Davne, chief executive officer, at Cloudnexa. "The addition of Lisa and Shaun to the founding management team is absolutely critical to the successful growth and development of the business.  We welcome the experience and strengths both bring to Cloudnexa and are confident in their ability to drive our growth."

Lastly, the firm announces their new corporate headquarters at the Navy Yard in Philadelphia, PA.  Cloudnexa will occupy Quarters A @ 1413 Langley Avenue.  The Navy Yard is a vibrant technology hub and an excellent location for an early stage company such as Cloudnexa.  The company will be located in the Keystone Opportunity Improvement Zone which provides critical economic development and tax benefits to an early stage firm such as Cloudnexa. 

About Cloudnexa

Founded in 2012, Cloudnexa deploys and manages cloud infrastructure for clients who want to realize the full power of cloud computing.   With proven experience in deployment and management of scalable, secure cloud infrastructures across private, public and hybrid clouds, Cloudnexa provides the necessary value added services customers need to realize the true cost savings and technical value proposition of the cloud.  As an AWS authorized reseller and advanced solution partner, Cloudnexa has been leading the Cloud Service Provider (CSP) experience with our proprietary Cloud Management tool (vNOC) and managed services solution on Amazon Web Services.   For more information visit www.cloudnexa.com.

About Milestone Venture Partners

Milestone Venture Partners, located in New York City, is an early-stage venture capital fund with $70 million under management. Milestone's investment strategy is focused on capital-efficient, technology-enhanced services businesses in the Greater New York region. Areas of expertise include media and marketing services, digital healthcare, and financial services IT. Milestone has invested in 13 digital healthcare businesses accounting for over 50% of its capital. For more information about Milestone, visit www.milestonevp.com.

Cloudnexa Investor Contact:

Cloudnexa Media Contact:

William Testa

Lisa Brown

Chief Financial Officer

Vice President Marketing

(877) 828-8987

(215) 346-7878

[email protected]

[email protected]

Milestone Ventures Contact:

Avlyn Ashterman-Reece

(212) 223-7400

[email protected]

SOURCE Cloudnexa

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