Profitbricks Receives $19.5M Investment for Cloud Infrastructure

Profitbricks Receives $19.5M Investment for Cloud Infrastructure

Cloud infrastructure-as-a-service (IaaS) provider ProfitBricks receives a $19.5 million investment from its founders and European Internet services provider United Internet AG.

Cloud infrastructure-as-a-service (IaaS) provider ProfitBricks has been making a lot of noise recently in the partner channel, and a recent $19.5 million investment from its founders and European Internet services provider United Internet AG (UTDI.DE) may be the result of the company's progress.

The company will use the funding to further develop its virtual data center and promote adoption of its cloud infrastructure into new vertical markets including system integrators, managed services providers (MSPs), web agencies and gaming development, said ProfitBricks spokesperson William Toll. ProtfitBricks has previously received a $18.8 million investment from its founders and United Internet AG.

ProfitBricks USA CEO Bob Rizika said in a prepared statement that the company has experienced "tremendous growth" since it launched its cloud offering.

"We’re ready to aggressively push for greater market adoption and this investment represents the confidence in our continued success," he said.

ProfitBricks recently announced the expansion of its Channel Partner Program by introducing its new Reseller Program, which incentivizes resellers with discounted cloud computing services. To become a member of the company's Channel Partner Program, visit the Profitbricks website.

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