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Managed data center service provider Peak 10 has expanded its credit facility to $95 million. The company will use most of the new capital - made available by a syndicate of banks lead by RBC Capital Markets - for expansion, according to a statement.   

Some capital will be invested into the managed services platform, with emphasis on private cloud services. Peak 10 is planning to undertake a technology refresh for the platform supporting its cloud-based offerings.

\"Our management team remains committed to an aggressive posture in executing our strategy of organic in-market growth and expansion into new metropolitan markets with attractive growth prospects,\" Peak 10 CEO David Jones said in the statement.

Peak 10's latest acquisition came in December, when the company bought 1Vault - a disaster recovery service provider. Along with the acquisition came 1Vault's 66,000 square foot data center in Florida's Broward County, bringing the total number of data centers in Peak 10's portfolio to 17.

The company's other recent expansions through acquisition added data centers in Kentucky, Tennessee and Virginia. In the late 2007 and early 2008, Peak 10 opened greenfield data centers in Georgia and Ohio. Construction was completed on additional facilities in Tennessee, Florida, and North Carolina over the last 18 months.