Codero Hosting adds more capital to expand

By Data center operator Codero Hosting has completed an $8 million financing.The Kansas-based company, which has key senior executives at its Austin office, plans to use the capital to open new data centers in the U.S. and Europe and expand its hosting portfolio to serve more customers and multiple data center locations, company executives said Tuesday.Codero Hosting collected the financing from Silicon Valley Bank and Minnesota-based Farnam Street Financial. Its majority investor is New York-based growth equity firm Catalyst Investors.Codero, which was founded in 2009, is operated by APH Inc. It employs 100 workers. The company operates data centers in Chicago, Virginia and Phoenix.In 2012, Kansas-based Codero expanded to Austin, nine months after hiring local tech executive Emil Sayegh, who was previously the Austin-based vice president of cloud services for California-basedHewlett-Packard Co. (NYSE: HPQ), as CEO.The company’s Westlake Drive office employs 20 workers, including product development, marketing, customer support and sales workers, company officials said.In October 2013, Codero Hosting brought in Robert Autenrieth as chief operating officer. He was previously vice president of global support operations for San Antonio-based Rackspace Hosting Inc. (NYSE: RAX). Autenrieth is based at Codero’s Austin office.