SoftLayer Sees $80 Million in '09 Revenue

IT infrastructure provider SoftLayer Technologies is on track to report more than $80 million in revenue for 2009, the company said today. SoftLayer, which is privately held, included the projection in an update on its growth and financial progress. The company
said it has experienced 12 months of profitability and sequential growth.

SoftLayer, which offers dedicated servers and a range of cloud computing solutions, now has more than 5,700 customers in more than 110 countries. The Plano, Texas company has more than 21,000 servers running in its data centers. Last month SoftLayer closed on $20 million in senior notes from a private investment group, which will be used to fund the continued growth of the company

“We’re extremely proud that our record of success has continued. Our momentum just keeps building,” said Mike Jones, the CFO of SoftLayer. “It’s not a coincidence that, in this economic climate, more customers are turning to us for services designed to help them optimize their operations and focus on their own business objectives. SoftLayer’s results to date can be attributed to the use of cutting-edge technology deployments that did not exist 3-5 years ago.”

In its release, SoftLayer said it is recording EBITDA margins of more than 40 percent, and recently won the TechTitans award as the fastest growing company in Dallas for second consecutive year.

SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability. The company is based in Plano, Texas, and operates data centers at the Dallas Informart carrier hotel, and in Internap facilities in Seattle and northern Virginia.