FOR IMMEDIATE RELEASE
Total Server Solutions Fuels Growth With Investment Capital And The Acquisition Of Managed Service Provider Zerolag Communications
Combination enhances services offerings to customers while providing growth opportunities in multiple markets
Atlanta, GA – January 23, 2018 – Total Server Solutions, an industry leader in Managed IaaS announced that it has raised $23MM in equity and debt from Layer 7 Capital and J.P. Morgan Chase for acquisition finance and growth capital within the business. The target company in the transaction being ZeroLag Communications, a provider of optimized managed hosting solutions has now joined the Total Server Solutions family.
For over 17 years, ZeroLag has provided customers with superior hosting services featuring a unique combination of technical expertise and highly scalable solutions. ZeroLag has designed reference architectures for all the stacks Total Server Solutions supports ensuring the best possible performance, security, and scalability for Total Server Solutions customer’s environments. The acquisition of ZeroLag not only adds a wide variety of new products and services to Total Server Solutions core infrastructure, but also allows Total Server Solutions to leverage coveted partnerships in emerging markets such as Dell, NTT, Veeam, Vmware, and Magento amongst several others. With the acquisition, Total Server Solutions gains a third Los Angeles, CA data center footprint, a backup facility in Austin, TX, and a DR site in Charlotte, NC. They also have now more than doubled their headcount in tech, sales, and development staff across the country.
“Our acquisition of ZeroLag expands our product suite, talent pool and provides a tremendous path forward to leverage both existing Total Server Solutions & ZeroLag customer bases,” said Gary Simat, CEO of Total Server Solutions. “Furthermore, alongside the company’s new financial partners comes increased scale, which enables TSS take on much larger, and more complex projects. This is only one of many large announcements that will be seen from TSS this year. We are coming.”
“ZeroLag has been an innovator in the proactive managed services space for 17 years and through organic growth became a well-known player in the industry,” said Greg Strelzoff, founder and CEO of ZeroLag. “Total Server Solutions fills in critical gaps to the ZeroLag solution space, such as having compute facilities globally. There are incredible synergies between the two companies and together the two groups will have significant accretive forces on each other.”
Steve Lee of Layer 7 Capital, formerly of The Bank Street Group, served as financial advisor to Total Server Solutions. DLA Piper, a leading global law firm spanning more than 40 countries, was counsel to Total Server Solutions in connection with the transaction. DH Capital served as sell side advisor to ZeroLag Communications.
About Total Server Solutions
Founded in 2005, Total Server Solutions provides managed services, high performance infrastructure, and custom solutions to individuals and businesses in a wide array of industries. Our customers range from financial institutions, to advertising platform operators, hosting providers, and telecom companies. We’re also trusted by educational institutions and government agencies in keeping their data on-line and available. Total Server Solutions has the singular mission of providing its’ customers with the finest hosted services and the most robust infrastructure available anywhere across the globe. Our dedicated team of technical experts are always working to find the best, most effective ways to serve you and provide solutions to help you to meet whatever your challenges may be.
About ZeroLag Communications
ZeroLag Communications offers custom-engineered & optimized hosting environments. They deliver superior performance, reliability, and security, ensuring the best possible user experience for their online customers priding themselves in understanding your business challenges and providing simply the best solutions and support in the hosting industry.
Total Server Solutions
Total Server Solutions