U.S. 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
Cary, North Carolina (PRWEB) July 29, 2009
Consonus Technologies today announced that it has secured additional growth capital from U.S. Bank, the Company's long-time financing partner. This increased financing, the second round of financing provided by U.S. Bank to Consonus in the last 20 months, is for continued expansion and investments in its data centers including robust capacity, power, bandwidth, and highly-efficient cooling systems.
"U.S. 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 Rob Muir, Vice President of Western Operations and Corporate Treasurer for Consonus.
U.S. Bank continues to support Consonus because of its strong business model and financial results, particularly related to the Consonus' data center operations. U.S. Bank has been Consonus' financial partner since it was acquired from Questar Corporation (NYSE:STR) in May 2005. Since that time, U.S. Bank has provided more than $15 million to support Consonus' data center expansion and upgrade initiatives, including in November 2007 financing used to build out the Company's Presidential Data Center located in the Salt Lake City, Utah area - a facility that is SAS70 Type II certified as of January 2009.
One of the country's leading data center infrastructure and hosting providers, Consonus continually invests in its data centers - offering customers highly available, redundant, and secure facilities.
"U.S. Bank is pleased to continue to support our strong clients such as Consonus," said Nicholas Hintze, a Vice President at U.S. Bank. "Consonus is a strong company in a growing industry that U.S. Bank is happy to support during these challenging economic times. This is another prime example of U.S. Bank being open for business."
"We are very grateful for the continued support and partnership of U.S. Bank," said Nana Baffour, the veteran energy services investor and operator and Executive Chairman of Consonus. "It is a testament to the commitment of U.S. Bank to its clients in these tough economic times and I am pleased that Consonus continues to deliver high quality performance to its clients and our shareholders"
About Consonus Technologies
Consonus Technologies, Inc. is a leading national provider of IT infrastructure, data center services, colocation, and managed services solutions headquartered in Cary, NC. Offering a comprehensive suite of IT infrastructure services, combined with highly secure and reliable data centers across the country, Consonus provides customers with complete IT solutions addressing disaster recovery and data center availability, manageability, and consolidation. Visit Consonus Technologies now.
# # #