Dataside Secures $24.5 Million Debt Financing from an Affiliate of Fortress Investment Group LLC

DALLAS, Oct. 4 /PRNewswire/ -- Dataside, a leading provider of customized data center infrastructure space and managed network services announced it has secured $24.5 Million in debt financing from an affiliate of Drawbridge Special Opportunities Fund LLC ("Drawbridge"), which is managed by Fortress Investment Group LLC (NYSE: FIG) .

"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, and the remaining funds will be used to pursue future data center developments. Dataside has seen key success over the last several years, opening two large Dallas-area data center facilities. "The company is experiencing significant growth in all of our markets," said Jim deVenny, Dataside's CEO and President.

"With a very strong management team, and the financial backing we need for expansion, I am confident the company will achieve our growth targets."

For more information on Dataside's products and services please visit http://www.dataside.com.

About Dataside, LLC

Dataside is the premier provider of custom data center space for enterprise installations, offering carrier-neutral access with the highest levels of security and reliability in multiple top-tier facilities. In addition, Dataside offers converged network services to meet the needs of business, financial, & companies with diverse technology requirements. Dataside delivers solutions that incorporate multiple network carriers & multiple technologies including MPLS, Frame Relay, Private Line, VPN, & Network Security solutions. Dataside currently has six data centers facilities, located in Dallas (4), Austin, & Las Vegas. Please visit http://www.dataside.com for additional information.