Cloud storage company obtains large lease line for its domestic and global IT equipment expansion.
MINNEAPOLIS AND SCOTTSDALE, ARIZ. – DECEMBER 11, 2018 – Data Sales Co. announced today its continued relationship with Backblaze, increasing its lease facility to $18M to support Backblaze’s domestic and global IT equipment expansion.
With over 700 petabytes of data storage, Backblaze’s growing requirements for servers and other IT equipment is a perfect match to the Data Sales lease offering – which is designed for fast growing companies that provide services over the internet.
“We have partnered with Data Sales on our equipment leasing requirements for several years. They are a key financial partner for us. Our team values the relationship and knows we have support for our growth plans,” says John H. Tran, Chief Financial Officer and Chief Operating Officer, Backblaze.
“We are excited to provide this lease facility to Backblaze for their domestic and global IT infrastructure expansion. The cloud backup and storage services industry presents a tremendous opportunity as a whole and we are proud to support Backblaze, one of the growth players in the market,” Eric Wern, International Lease Executive, Data Sales Co.
Backblaze is a pioneer in robust, scalable low cost cloud backup and storage services.
It offers two products: B2 Cloud Storage – An object storage service similar to Amazon’s S3, but ¼ of the cost; Computer Backup – A tool empowering users to get all of the data on their computers automatically backed up to the cloud. With customers in more than 160 countries and over 700 petabytes of data under management, Backblaze is a leader in the data storage space. Headquartered in San Mateo, California, Backblaze has offices across the U.S. and currently expanding internationally. For more information, visit http://www.backblaze.com.
About Data Sales Co.
Founded in 1973, Data Sales Co is a full-service IT lessor with over $3B in lease originations spanning five decades. Its IT hardware background, leasing expertise and logistical support uniquely positions the company to provide a Full Service Lease: the most comprehensive, flexible lease available. Businesses ranging from startup, venture backed and emerging growth to multinational Fortune 500 corporations have found that it’s the best value in business technology today. For more information, visit http://www.datasales.com.