Wednesday, May 23, 2012

Ajubeo Launches Cloud Platform With Private Equity Backing

Boulder-based Ajubeo, a provider of a cloud-based, infrastructure-as-a-service (IaaS) platform aimed at the enterprise, said Wednesday that it has launched its service, backed by private equity firm Grey Mountain Partners. Ajubeo said it will offer on-demand provisioning of elastic compute, storage, and network resources to enterprises. Ajubeo, which is headed by Chuck Price, said it is building out data centers in Denver, New York, and London for its service. Price, along with fellow co-founder Tom Whitcomb, previously have served at such firms as TD Ameritrade, Fiserv, CoreSite Realty Corporation, as well as the Department of Defense. Amount of funding in the firm from Boulder-based Grey Mountain was not announced.