XIOLINK Case Study
XIOLINK is committed to ensuring that leaders of mid-market and enterprise companies improve their return on their IT investment. XIOLINK is the leading St. Louis IT As A Service provider of managed infrastructure, managed hosting, colocation and private cloud computing solutions to mid-market and enterprise clients worldwide. XIOLINK owns and operates multiple premium, “green” datacenters designed to provide customers with maximum reliability and performance. Committed to maintaining uninterrupted connection between its clients and their data, XIOLINK helps improve security and reliability, control costs and increase agility.In 2010, XIOLINK was honored as a “St. Louis Business of the Year” by Mayor Francis Slay and the St. Louis Development Corporation.
FROM CHALLENGE TO SOLUTION
In 2007, Advantage Capital Partners committed $2.0 million to XIOLINK, followed by an additional investment of $9.5 million in 2008. The capital was raised in connection with the federal New Markets Tax Credit program and the Missouri New Markets Development program; both programs are designed to stimulate economic growth in communities historically underserved by traditional sources of capital.
The financing was used to retrofit an existing datacenter and increase operations. The additional space enabled the company to expand its customer base and increase potential for future growth. In 2012, XIOLINK completed phase two of its Datacenter 4 expansion. Because of the upgrade and increased capacity, the company has added jobs and spurred renewal in an urban neighborhood.
- $11.5 million in funding enables operations expansion and continued growth of customer base
- 28 high tech jobs created and retained, with more growth expected