Horizon's 25,000-square-foot Dallas One facility's total power capacity is 3.3 MW

Plano, Texas-based data center service provider Horizon released more details on a new capital raise reported last week, after the company filed a notice with the US Securities and Exchange Commission about a sale of securities worth $5 million that was part of a $7.5-million offering.

The company announced this week a raise of the entire $7.5 million, led by a St. Petersburg, Fla.-based Ballast Point Ventures, which manages about $200 million and invests into companies in the Southeast region of the US and Texas. Simultaneously with the new financing deal, Ballast partner Paul Johan joined Horizon's board of directors.

Horizon will use the new capital to expand its data center footprint and develop further its managed-service offerings like its private clod computing platform. While no specific plans were disclosed, the company has been looking at expansion opportunities in Virginia, California and its primary Dallas, Texas, market, where it currently operates two 25,000-square-foot data centers.

"Northern Virginia is probably as specific as we can be," the company's VP of Marketing Jeff Kuerzi said about its expansion plans. Horizon is looking at that region because of attractive opportunities for business with the US federal government.

"We're looking for opportunities to service the government," he said. "There's an opportunity to do business with the government on the East Coast of the country. Plus, it gives us an East Coast presence. It lets us talk to a different part of the market that requires multiple locations in diverse regions of the country."

Horizon already serves a government client - its biggest to date. In December of 2008 the company announced a multi-year contract with the Army and Air Force Exchange Service - a retailer that serves military families. Horizon said the disaster recovery and business continuity contract was worth about $47 million.