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Web Host Fusepoint Secures Funding.
2006-01-18, HostMan.biz Fusepoint Managed Services, a leading provider of outsourced IT services and infrastructure, today announced that it has secured an additional US$9 million in growth financing from new investor Western Technology Investment (WTI) of San Jose, CA. The funding will be used to further drive Fusepoint’s aggressive growth strategy involving operations expansion and potential acquisitions throughout 2006. Advertisement “Fusepoint recorded another tremendous year, achieving revenue growth in excess of 100 per cent,” said David MacGrandle, CFO of Fusepoint Managed Services. “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.” WTI’s commitment to Fusepoint follows a record year that included the addition of 115 new customers and builds on its continued history of increasing profit. “Fusepoint’s leading position in IT infrastructure and application management, coupled with its strong and growing customer base, positions the company as a valuable partner to mid-market and large enterprise operations,” said Ron Swenson, Founding Partner, Western Technology Investment. “We look forward to fostering a strong and successful partnership with Fusepoint as it continues to build its services portfolio, develop its expertise and expand its leadership team in the lucrative managed services marketplace.” “Both M/C Venture Partners and now WTI play an active role in helping us achieve considerable success as organizations continue to outsource their IT infrastructure management to Fusepoint,” said George Kerns, President and CEO of Fusepoint. “Companies are facing a number of business challenges around compliance and legislation, disaster recovery planning, and their overall ability to maintain the integrity and availability of their mission-critical applications. Fusepoint’s comprehensive range of security and business continuity services gives customers the peace of mind that comes with knowing their IT infrastructure is always available and always secure.” |
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