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Month: June 2016

GTT Completes Debt Repricing to Enable Growth Strategy

GTT Communications, Inc. (NYSE: GTT) has completed an amendment to its credit facility. The amendment, which will give the leading global cloud networking provider the flexibility to pursue its growth strategy, will lower the interest rate on its $430 million term loan and $50 million revolving line of credit. GTT’s new applicable rate for term loans is LIBOR (subject to a floor of 1.00%) plus 4.75%, which is 0.50% lower than the previous rate. The new applicable rate for revolving loans is LIBOR (no floor) plus 4.25%, which is 0.50% lower than the previous rate. As a result, GTT will take advantage of savings of over $2 million per year. “We are very pleased to take advantage of strong market demand for our debt, despite challenging overall market conditions,” commented Rick Calder, GTT president and CEO. “These savings are significant and will give us additional flexibility to execute on our growth strategy.” Total fees and expenses associated with the amendment are expected to be less than $1 million. There is no change to outstanding debt, maturities or covenants as a result of this amendment. The amendment also includes a prepayment premium, also known as a “soft call,” of 1.00% in the event of another repricing event (as defined in the agreement) on or before the six-month anniversary of the amendment. GTT provides global enterprises with a better way to...

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Making an Impact and Being Heard

At HostingCon Global 2016, iMPR Founder and CEO Ilissa Miller Will Discuss How to Effectively Leverage Media and Analysts at Industry Events   Adopting a proactive approach to media and analyst relations at industry events is often the difference between your company’s message being heard and making an impact, or getting drowned out in the din. HostingCon Global 2016 will take place July 24-27 at the Ernest N. Morial Convention Center in New Orleans, attracting several thousand executive level decision-makers in the hosting and cloud provider industry across the world. On Monday, July 25 at 1:30 p.m., Ilissa Miller, Founder and CEO of iMiller Public Relations, will lead a Marketing Speed Roundtable, “How to Leverage Media at Conferences and Events.” For attendees endeavoring to raise their company’s profile at such gatherings, the timing could not be more fortuitous. During these unique and interactive roundtable sessions, attendees will be divided into small groups and meet with five individual workshop leaders for substantive dialogue and discussion on such topics as branding, thought leadership and content marketing in the telecom and technology sectors. iMPR’s Mrs. Miller brings nearly two decades of experience in sales, marketing and product development to her clients in an effort to help them differentiate their messages and achieve renown within a rapidly evolving industry. For her roundtable, she will lead a discussion of the strategies and tactics a...

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Webair to Present at HostingCon Global 2016

CTO Sagi Brody to Speak on Technology, Security and Connectivity Trends Impacting the Hosting and Cloud Services Community NEW YORK, June 29, 2016 – Webair, a leading provider of Cloud Hosting, Colocation and Managed solutions, today announces that its Chief Technology Officer, Sagi Brody, will speak at HostingCon Global 2016, to be held July 24-27 at the Ernest N. Morial Convention Center in New Orleans. On Monday, July 25 at 9:00 a.m., Mr. Brody will give a presentation, “Market Opportunity: Enabling Limitless Connectivity, Opportunity and Growth with Interconnection Fabrics.” The session will explore how SDN-enabled interconnection fabrics provide businesses with access to the cloud and enable service providers to generate new service offerings, extend the reach of products and services, and discover new market opportunities.  In addition, Mr. Brody will offer insight regarding the ways in which interconnection fabrics combine infrastructure and connectivity to provide customers with more choices and enhanced flexibility when engineering holistic solutions. Later that day, at 1:30 p.m., Mr. Brody will join executives from SiteLock, Corero Network Security, Jelastic and VMware for the Technology Speed Roundtables. These interactive sessions generate the opportunity for enhanced participation as attendees are divided into small groups to meet with individual workshop leaders. Mr. Brody, a workshop leader, will provide the discussion framework and lead groups in an open exchange about emerging technologies and their impact on the hosting and cloud services community. On Wednesday July...

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Five Tips for Keeping Your Data Center Cool and Energy Bill Low This Summer

Originally posted to Data Center POST By Erich Hamilton While many people welcome summer’s warmer weather and sunny days, for data center operators it is often some of the most trying and expensive months of the year. Temperatures in a data center should not exceed a certain limit, which is unique to each data center, in order to ensure hardware operates at an optimal level. Once the servers surpass the maximum operating temperature, equipment will begin to fail. The heat created from the servers and lighting in a data center, combined with summer’s hot air puts a data center at high risk for fried hardware, as well as a costly repair and electric bills. Often times, data center operators will make the mistake of overprovisioning Computer Room Air Conditioning (CRAC) units in an effort to keep their data centers cool. While this solution will maintain optimal temperature levels, it is extremely expensive to house a CRAC unit in every aisle. Other operators deploy racks with a lower number of servers to use less air, and in turn reduce their energy bill, however, this method does not maximize the density of a data center. To read the full article please click...

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Why and How to Choose Cloud Storage Service

Originally posted to Data Center POST by Anushka Chakrabarti With the increasing access to the information, storage requirement for that information has also increased. Online Cloud Storage helps to store data online that can be accessed from anywhere, without carrying data servers. There are various types of cloud storage available such as Personal Cloud Storage, Public Cloud Storage, Private Cloud Storage and Hybrid Cloud Storage. Online Cloud Storage services also provide Cloud Data backup, which is an easy solution for keeping the data safe and another backup off-site. Cloud Storage has several advantages over the traditional storage service. For instance, Traditional data storage has limited capacity, while cloud storage has unlimited online storage capacity. To read the full article please click...

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Ubersmith Provides Data Centers with Chargeback Capability

Originally posted on Data Center POST by Boo Van Alstyne Increasingly, data center managers are being asked to bill out – or chargeback – to business units for services provided. This sort of subscription billing is not trivial. Consider, too, that data center managers are responsible for overall management of the infrastructure, which includes having an inventory of all components and software, as well as tracking and responding to all help requests from users. All of this tracking and reporting can be overwhelming. More than a decade ago, the Ubersmith software was developed as an in-house billing, help desk and data center monitoring tool for a hosting provider. Since then, it has expanded into an independent company supplying software for data centers and cloud-related service providers. With its release of version 4.0, Ubersmith delivers new features for integrated subscription billing, services pricing, infrastructure management and help desk ticketing, along with an upgraded user interface. To read the full article please click...

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GTT CEO Receives 2016 EY Entrepreneur of The Year Award

GTT Communications, Inc. (NYSE: GTT) has announced that Rick Calder, president and CEO, has received the EY Entrepreneur Of The Year® 2016 Mid-Atlantic award. Calder won for the Technology Services category and is now eligible for consideration in the EY Entrepreneur Of The Year National Program. Mr. Calder was appointed president and CEO of GTT in 2007. Since then, Calder and the GTT team have driven growth from $50 million to $500 million in annualized revenue through both organic growth and strategic acquisitions. The company is on target to meet its next financial objective of $1 billion in revenue and $250 million in adjusted EBITDA. Today, GTT owns and operates a Tier 1 IP network that is ranked in the top five worldwide and provides clients with a comprehensive portfolio of cloud networking services Recently, GTT expanded its presence in the Asia-Pacific region with the launch of a new Point of Presence (PoP) in Sydney, Australia. The new PoP is GTT’s first in Sydney and fifth in the region. GTT also has PoPs in Tokyo, Hong Kong and Singapore. The EY Entrepreneur Of The Year awards gala took place at the Ritz-Carlton in Tysons Corner, VA, on June 15, 2016. The National Program overall award winner, as well as winners in several categories, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California,...

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Unitas Global Selected as a 2016 Red Herring Top 100 North America Winner

Originally posted to Business Wire NEWPORT BEACH, Calif.–(BUSINESS WIRE)–On Wednesday, Red Herring announced its Top 100 North America award winners in recognition of the leading private companies from the region, celebrating these startups’ innovations and technologies across their respective industries. Unitas Global was chosen for impressive growth (118% CAGR in the passed 24 months), ability to meet the demands of the enterprise IT market for agile hybrid cloud solutions, and team experience. Unitas Global utilizes leading hybrid cloud technologies to optimize clients’ enterprise IT environments. By designing, deploying, and managing infrastructure globally, Unitas Global enables clients to focus on their core business. “Unitas Global is very proud to be recognized as a Red Herring Top 100 North America winner,” said Patrick Shutt, CEO of Unitas Global. “We are excited to keep the positive momentum going as we continue our mission to transform the consumption of IT for our enterprise clients.” To read the full article please click...

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