(Gawkwire) – FortaTrust announced the completion of a new round of equity financing provided by a multi-national syndicate from Switzerland and Brazil, led by Santerra Participacoes Ltda. The proceeds of the transaction will primarily be used to assist funding FortaTrust’s continued growth initiatives. While specific terms were not disclosed, the transaction is valued in excess of R$4.2 Million (US$2.1 Million).
FortaTrust is a leading provider of a Cloud Computing Solutions for a global customer base of technology professionals, corporations, and Internet-centric customers. FortaTrust’s corporate heritage and core business is providing enterprise class back-end computing solutions for Enterprises throughout the entire project lifecycle. Based in Panama, with Data Centers in the United States and Panama, and an expansion under way in South America and Europe, FortaTrust is 100% dedicated to leading the advancement of the Cloud Computing marketplace.
"The entire management team is looking forward to our partnership with Santerra," said FortaTrust President Luciano Maiello. "Under this new sponsorship, FortaTrust will continue to grow as a global provider of quality, value, and expertise in the Cloud Computing industry."
"FortaTrust has demonstrated solid performance through its long-tenured relationships with its customers," said Paulo Muller, Managing Director of Santerra Participacoes. "The management team has built a solid foundation, which will ensure FortaTrust continued success. Customers see value in FortaTrust’s sector expertise and range of product and service offerings. We are excited to partner with the management of FortaTrust to build value in a business that is poised for continued growth," added Muller.
FortaTrust provides secure dedicated and cloud computing solutions. We deliver enterprise-level services to businesses of all sizes and kinds worldwide. We initiated operations in 1999 and since have grown to serve tens of thousands of customers. FortaTrust integrates the industry’s best technologies for each customer’s specific need and delivers it as a service via the company’s commitment to excellence. Our core products include secure Dedicated and Cloud Hosting, as well as custom tailored solutions designed pursuant to customer specifications. Around the world our solutions serve our customers, 24 hours a day, 7 days a week, facilitating businesses to generate engaging content, and make it more collaborative, viral and social. Our low cost, extensive customization capabilities mean companies receive a tailored solution that can be effectively integrated into core business.
Based in Panama, with Data Centers in the United States and Panama, and expansion under way in South America amd Europe, FortaTrust is 100% dedicated to leading the advancement of the Cloud Computing marketplace. Our commitment to our customers and partners is to continue developing infrastructure technology and solutions that substantially benefit the IT community. More information is available on FortaTrust at http://www.FortaTrust.com.
About Santerra Participacoes
Santerra Participacoes is a Sao Paulo based private equity investment firm that manages private equity funds and special purpose partnerships in Latin America. Founded in 2004, Santerra and its principals have managed numerous large scale capital transactions. Santerra pursues a theme-based investment strategy by focusing on industries and businesses at key inflection points in their development and pursues these opportunities in close partnership with established management teams.