January 18, 2006 — (WEB HOST INDUSTRY REVIEW) — IT services and Web hosting provider Fusepoint Managed Services (fusepoint.com) announced on Tuesday that it has secured an additional $9 million in growth financing from new investor Western Technology Investment of San Jose, California.
The funding will be used to contribute to Fusepoint’s growth strategy, which includes operations expansion and potential acquisitions throughout 2006.
“Fusepoint recorded another tremendous year, achieving revenue growth in excess of 100 percent,” says David MacGrandle, CFO of Fusepoint. “We now welcome WTI as a key partner and contributor to Fusepoint as we continue to build upon our IT leadership stance in 2006 with many of Canada’s most successful organizations.”
Fusepoint experienced a record year in 2005 that included the addition of 115 new customers and continues to increase its profit.
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