Sanrise closes $203 million since company launch last year

May 2, 2001
May 2, 2001--Sanrise Group, Inc., and its subsidiaries, a privately held global managed storage service provider, announced it has successfully completed the second closing of its Series B equity round in the total amount of $115 million.

Sanrise Group, Inc., and its subsidiaries, a privately held global managed storage service provider, announced it has successfully completed the second closing of its Series B equity round in the total amount of $115 million. This substantial round positions Sanrise as a dominant force in the managed data storage arena, and brings the total amount of equity, debt and lease facilities issued, raised and committed to $203 million since the company's inception in May of 2000.

The infusion of funds will accelerate the build-out of Sanrise's global fiber optic data storage network infrastructure, expansion of its global operations, further offshore development initiatives, and continued growth of the company's highly skilled, professional teams in North America, Europe and Asia.

Series B investors include: ACON Venture Partners, a Texas Pacific Group affiliate; Comdisco Ventures, a division of Comdisco, Inc. (NYSE:CDO); Crosspoint Venture Partners; Exodus Communications, Inc. (Nasdaq:EXDS); GATX Ventures, Inc., a subsidiary of GATX Corporation (NYSE:GMT); Global Innovation Partners; Greenbridge Partners LLC; The Greenspun Corporation; Hitachi Data Systems Corporation, Hitachi Ltd. (NYSE:HIT); Lighthouse Capital Partners; Morgan Keegan (NYSE:MOR); Morgan Stanley Dean Witter Equity Funding, an affiliate of Morgan Stanley Dean Witter (NYSE:MWD); Oasis Ventures; and VERITAS Software Corporation (Nasdaq:VRTS).

About Sanrise:

Sanrise is a provider of secure data management services and solutions. For more information, visit www.sanrise.com.

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