RapidScale, a global cloud service provider, has announced today that it has introduced a new investor to their group, Chris Palermo.
[Irvine, CA: May 27th, 2015] RapidScale has announced today that it has added Chris Palermo to its already strong investor group, which includes the former President of Sprint Wholesale, former COO of Terremark, former President of Ariba Networks, Managing Partners for two leading Venture Capital firms, and an early investor and longtime board member of a large telecommunications company. Mr. Palermo is the Founder, CEO, and President of Global Communication Networks, Inc., a nationally recognized telecommunications agency who has been included in Inc. magazine’s list of fastest growing U.S. firms for 2 years running. Mr. Palermo made the decision to invest in RapidScale based on its exponential growth in the area of cloud services, along with their strong channel approach. Mr. Palermo’s investment will provide RapidScale with the additional capital needed to increase resources in order to keep up with continued growth.
Founded 18 years ago this month, Global Communication Networks (GCN) is one of the oldest, most profitable, and most respected agencies in the United States. As founder, CEO, and President, Mr. Palermo has the experience of building a national organization that has found a way to excel in a crowded industry while still garnering respect from carriers and competitors. As an investor in RapidScale, Mr. Palermo will also advise on growth opportunities in the channel and throughout the data center and telecom space. It is also Mr. Palermo’s position that RapidScale, a leader in Desktop as a Service, will be able to make an enormous impact through all IT channels and up-market into the enterprise-level organizations. The market has seen insurmountable promise as the shift within the cloud moves to Managed CloudDesktop and Business Apps as a Service.
Another key to the timing of Mr. Palermo’s investment can be seen in crucial wins within the Carrier, MSO, and MSP space, which focus on delivering Managed CloudDesktop, CloudOffice, and Business Apps as a Service to a growing number of businesses. These recent wins, along with consistent year-over-year growth of 200%+, have influenced Mr. Palermo’s belief that this is the perfect time to invest in a quickly growing company like RapidScale.
“When RapidScale started, I sat back and watched how co-founders Randy Jeter and William Hiatt were building the company. ?I knew that RapidScale’s VDI offering, CloudDesktop and CloudOffice, were innovative market solutions. RapidScale saw the opportunity early on and, in my opinion, has truly become a leader from an approach, strategy, and solution standpoint. As an investor, I want to help RapidScale grow market share and become a leader in the cloud industry”, says Mr. Palermo. ?
RapidScale CEO, Randy Jeter, is thrilled to have a visionary channel leader like Mr. Palermo invested in the company. Mr. Jeter believes, “This adds to the successful foundation of investors and furthers the support of the business”. Growth in the cloud space is eminent and being surrounded by great financial and business strategy minds is a differentiator for RapidScale.
RapidScale, a cloud services innovator, delivers world-class, secure, and reliable cloud computing solutions to companies of all sizes across the globe. Its state-of-the-art CloudOffice platform and market-leading cloud solutions are the reasons why RapidScale is the provider of choice for leading telecommunications providers, VARs, MSPs, and agents throughout the United States. RapidScale is not only delivering a service but also innovating advanced solutions and applications for the cloud computing space. RapidScale’s market-leading solutions include CloudServer, CloudDesktop, CloudOffice, CloudRecovery, CloudApps, and more. For more information on RapidScale, visit www.rapidscale.net
Stefanie Ryan l Marketing Director