iWeb Inc. announced yesterday a whopping $22 million funding by Goldman Sachs, a leading New York investment bank. The funding is mostly debt, with also $3 million provided in shares.
The funding is said to fuel growth for its data centers, add infrastructure for their dedicated servers offers. iWeb announced a new & third data center at Ile-Des-Soeurs six months ago, but I know that the data center is already filling up fast in capacity, and they might already be considering new infrastructure.
It’s the fist time that Goldman Sachs funds a quebec-based company. One of its competitors, Morgan Stanley, also announced a few months ago opening operations in Montreal.
Congrats to iWeb and its founders, Eric Chouinard and Martin Leclair!
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Basil August 28, 2008
Congrats iWeb!
Marc Barrette August 28, 2008
Montreal Tech Watch August 28, 2008
iWeb announces $22 million funding from Goldman Sachs http://tinyurl.com/596gzo
Roberto Rocha August 28, 2008
Retweet from @mtw: iWeb announces $22 million funding from Goldman Sachs http://tinyurl.com/596gzo
Sebastien Provencher August 28, 2008
re-tweeting @mtw iWeb announces $22 million funding from Goldman Sachs http://tinyurl.com/596gzo Nice!
Rob Cotter August 28, 2008
Reading @mtw about Goldman Sachs and Morgan Stanley investing in Montreal. http://tinyurl.com/596gzo
Montreal Tech Watch » iWeb launches SmartServers, dedicated servers with cloud features October 18, 2010
[...] has been growing tremendously, with double-digit growth numbers, now more than 20,000 customers, funding from Morgan Stanley, and an excellent track record in data center maintenance. They were also listed in top 10 hosting [...]
Thaddeus Followell January 24, 2011