ATLANTA & BOSTON (BUSINESS WIRE) – MacStadium, the Mac hosting authority and only provider of Mac Pro private cloud infrastructure-as-a-service (“IaaS”) around the world, announced today that it received a growth equity investment led by Summit Partners, with participation from Noro-Moseley Partners. MacStadium will use the funding to continue product and service innovation, expand its leading market position and build brand awareness.
Founded in 2012, MacStadium leverages its proprietary, patented platform and dedicated servers to provide hosted cloud solutions to software developers in over 50 countries around the world. With operations in Atlanta, Georgia, Las Vegas, Nevada and Dublin, Ireland, the company has deployed more than 10,000 Mac Minis and Mac Pros and serves more than 2,500 customers. In 2016, MacStadium was #44 on the Inc. 5000 List and was recognized at #20 on the Deloitte Technology Fast 500 List for North America.
“Summit Partners’ deep experience in the infrastructure and DevOps sectors will help MacStadium capitalize on new market opportunities and accelerate the execution of our long-term business plans,” said Gregory McGraw, CEO of MacStadium. “Together with Summit Partners and Noro-Moseley Partners, we are well equipped to continue MacStadium’s global expansion to more fully address the needs of over 10 million and growing iOS software developers worldwide.”
“MacStadium is a clear leader in the developer-focused cloud infrastructure services market,” said Michael Medici, Managing Director at Summit Partners who has joined the MacStadium Board of Directors. “We believe the company is well positioned for future growth as the adoption of agile, continuous integration/deployment and other DevOps strategies continue to gain traction within enterprises. We are thrilled to partner with Greg McGraw, Jason Michaud and the rest of the management team to support the company’s continued growth.”
Mike Elliott, General Partner with Noro-Moseley Partners who has joined MacStadium’s Board of Directors, added, “Customers rely on MacStadium’s infrastructure to improve the performance of development teams and deliver applications to market more quickly. As release cycles continue to shrink, we believe the solutions that MacStadium provides will only become more critical to its customers.”
“With this additional capital and with the support of our new equity partners, we are focused on further establishing our position as an innovative leader in the IaaS market,” said Jason Michaud, President and Founder of MacStadium. “We are excited about this next phase of growth.”
MacStadium was advised by DH Capital, LLC and Morris, Manning & Martin, LLP. Summit Partners was advised by Choate Hall & Stewart LLP. Noro-Moseley Partners was advised by DLA Piper LLP.
MacStadium is a leading provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium is headquartered in Atlanta, Georgia with growing operations in Las Vegas, Nevada and Dublin, Ireland. Learn more at MacStadium.com.