Cervalis raises $48,000,000 in new funding for development of new State-of-the-Art Data Center and Business Continuity Facility in Northern New Jersey

Brand new operations center to include 50,000 sq. ft. high power density data center and 30,000 sq. ft. business recovery space

SHELTON, CT – July 6, 2009

Cervalis LLC, a premier provider of IT infrastructure solutions including business continuity and rapid recovery, managed hosting and colocation, today announced the closing of $48,000,000 in senior credit facilities from a consortium of commercial lending institutions. The new funds will be used for the construction of a new, state-of-the-art data center and business continuity facility in northern New Jersey and to refinance existing indebtedness. The Company will have a unique data center footprint across the tri-state area including high-end facilities in New York, Connecticut and New Jersey.

“We are very pleased to have closed this important financing” stated Michael Boccardi, CEO of Cervalis. He continued, “The additional capital will enable us to expand into a key market and meet customer demand for customized high availability, high power density data center and business continuity solutions.”

The new center will have 50,000 square feet of raised floor data center space, with 16 MW of utility power and 3,000 tons of cooling capacity, enabling Cervalis to support high density configurations. The 30,000 square feet of business recovery space can be customized to meet clients unique requirements in dedicated office suites linked to their critical IT operations. The power is delivered to customer configurations using 2N UPS systems and supported by N+1 generator backup redundancy. The facility infrastructure combines multiple levels of technology and security and is designed to have no single points of failure. The new facility location is ideal for primary production systems and the synchronous data replication requirements of mission critical applications used by New York City businesses.

DH Capital, LLC, an investment banking firm serving the Communications & Internet Infrastructure sectors, acted as exclusive financial advisor to Cervalis on the transaction.

About Cervalis
Cervalis is a premier provider of IT Infrastructure Services including Collocation, Business Continuity and Managed Hosting solutions that enable customers to achieve higher level of business resilience and accelerate the way companies meet their business objectives. Through its state-of-the-art, fault-tolerant Operations and Recovery Centers, Cervalis offers world-class customer support with the technology needed to scale complex environments reliably and cost effectively. Cervalis facilities are SAS70 Type II and Cybertrust compliant.

To learn more about the Cervalis advantage, please visit www.cervalis.com or call toll-free 1-866-602-2020.

For more information please contact:
Mr. Zack Margolis
Vice President
Cervalis, LLC
(203)-602-2044

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