Data center operator Dataside (dataside.com) has recently secured $24.5 million in debt financing from an affiliate of Drawbridge Special Opportunities Fund, which is managed by Fortress Investment Group (fortressinv.com).

"This financial arrangement represents a giant milestone in our plans for the company's future," said Robert Bouquet, chief financial officer of Dataside. "This is an excellent indication of the confidence Drawbridge has in our ability to execute. Their support gives us the increased capital we need to support our strategic development requirements." 

Of the $24.5 million, $12.5 will be used to retire existing debt, while the remaining funds will be used to pursue future data center developments. The company has had significant growth over the last several years in all of its markets, opening two large Dallas, Texas-area data center facilities.

Dataside provides custom data center space for enterprise installations, offering carrier-neutral access with the highest levels of security and reliability in multiple top-tier facilities. The company also offers converged network services to meet the needs of business, financial and companies with diverse technology requirements.