Two top-class business angels invest in CloudSigma

CloudSigma is a pure-cloud Infrastructure as a Service (IaaS) provider that gives customers complete flexibility and control over their cloud. The company headquartered in Zurich announced a significant round of funding from angel investors Anthony Foy and Phil Collerton. With deep technological expertise in data centers, cloud and managed services, enterprise software and telecommunications, both Foy and Collerton recognize CloudSigma’s innovative approach and are well-positioned to help strategically shape and foster the company’s growth. Foy was named chairman and Collerton director.

CloudSigma’s funding comes shortly after it announced a U.S. cloud infrastructure, for which a large portion of the funds will be dedicated. The funding will also be used to provide additional sales support in the U.S., particularly for targeting large enterprise customers; in addition to further advancing the flexibility, control and customization offered by its pure-IaaS, through its in-house technology team. Additionally, the secured investment will be used to explore future U.S. initiatives, which include scouting an East coast TierIV data center location as the first in a series of additional planned locations.

“CloudSigma is effectively filling a gap in the public-IaaS cloud market by delivering the most flexible and comprehensive pure-play cloud offering,” said Foy. “CloudSigma’s unprecedented customization and control will break new ground for companies that are looking to take advantage of the cost efficiencies, scalability and portability of cloud computing. With its competitive pricing model and transparent architecture, CloudSigma will grow to become one of the defining providers in its space – both in North America and abroad.”

With Gartner predicting the worldwide cloud-IaaS market to grow from an estimated $3.7 billion in 2011 to $10.5 billion in 2014, there is a clear opportunity for CloudSigma to increase its market share in North America, through new prospects looking to leverage the cloud, in addition to companies that aren’t completely satisfied with their current IaaS provider. CloudSigma will use the infusion of cash to bring to market technological innovations for the virtual data center space, while capitalizing on its flexible approach, superior pricing and unique strategy of offering unbundled services.