Los Angeles, CA, September 26, 2018 --(PR.com
)-- M-Theory Group, a leader in technology managed services has announced that it has raised $4.5 million in new debt and equity financing to support the growth of the business. The financing was led by Breakaway Capital, LLC of Los Angeles California with participation by management and others.
“This round of financing provides M-Theory with the strong capital base needed to execute our growth plans,” said Chant Vartanian, Chairman of the Board of Directors. “We selected this financing structure to enable us to expand our service offering, develop new products, grow our support staff, and broaden our client base.”
Tim Skillman, President and CEO of M-Theory added, “We are honored to be able to work with the very capable Breakaway Capital team. Breakaway went to great lengths to understand our business and financing needs and proposed an innovative solution to fund the growth in our CapEx-as-a-Service™ portfolio. We look forward to a long and mutually rewarding partnership with Breakaway and all of our capital partners.”
“M-Theory’s high growth rate and unique business model made them an ideal candidate for our financing structure,” said Mike Connolly, Founder and General Partner of Breakaway Capital. “We look for strong management teams with a compelling suite of services and have great confidence in M-Theory’s ability to execute their strategy.”
About M-Theory Group [www.M-TheoryGRP.com
M-Theory’s mission is to disrupt the traditional methodology of technology acquisition. As a dynamic emerging growth company, they aim to deliver innovative technology solutions that serve multiple verticals such as Finance, IT, Healthcare, Venture Community, Manufacturing, Software, Business Services, Entertainment, Legal, Gaming, and Telecommunications. Compared to public cloud and traditional infrastructure-as-a-service (IaaS) approaches, CaaS™ offers two fundamental distinctions. First, M-Theory provides custom-built, single-tenant private clouds. This means customers can ensure their environments are fully aligned with their specific security policies and compliance mandates - and avoid the risks associated with multi-tenant environments. Second, these private clouds can be delivered anywhere the client requires, whether on their premises, in M-Theory’s data centers, in a colocation environment or any other data center they choose.
About Breakaway Capital [www.breakawaycap.com
Breakaway Capital is a middle market direct lender based in Los Angeles with approximately $150 million of committed capital under management. Focused on companies with up to $10 million of EBITDA, Breakaway provides creative debt financing solutions including senior debt, subordinated and mezzanine debt, and unitranche structures to companies for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions.
For more information, please go to www.breakawaycap.com or contact us at firstname.lastname@example.org