(WEB HOST INDUSTRY REVIEW) — Data center and IT managed services provider Consonus Technologies (www.consonus.com) has secured additional capital from long-time financing partner US Bank to fund the expansion and improvement of its data centers.
According to Consonus’ Wednesday announcement, US Bank’s latest investment is the second round of financing the bank provided to Consonus over the past 20 months to fund additional capacity, power, bandwidth, and highly-efficient cooling systems.
“US Bank is a great partner and this additional investment demonstrates the success of Consonus’ commitment to grow, serve, and support our customers in our Utah Data Centers,” said Consonus western operations vice president and corporate treasurer Rob Muir said in a statement.
US Bank has been Consonus’ financial partner since parent company Questar Corporation sold it to private equity firm Knox Lawrence International in May 2005. Since then, US Bank has provided more than $15 million to support Consonus’ data center expansion and upgrade initiatives, including financing the build out of Salt Lake City data center in November 2007.
US Bank Vice President Nicholas Hintze said the bank is pleased to continue supporting its clients such as Consonus. “Consonus is a strong company in a growing industry that US Bank is happy to support during these challenging economic times,” Hintze said in a statement. “This is another prime example of US Bank being open for business.”
Aside from building its physical infrastructure, Consonus has also announced significant service upgrades in 2009. Last month, Consonus upgraded its customer portal, providing a real-time gateway for customers to access its managed services, IT infrastructure, and consulting services. Also, in march, Consonus partnered with business continuity service provider BlueTech IT Solutions (www.bluetechit.com) to offer customers fully automated remote backup.
