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Cosentry Acquires XIOLINK to Expand Midwest Market Presence to St. Louis and Enhance Capabilities(PR Web Via Acquire Media NewsEdge) Omaha, NE (PRWEB) January 08, 2014 Cosentry, LLC, a leading provider of Midwest data center services, has acquired XIOLINK, LLC, St. Louis’s largest managed hosting and colocation provider. The acquisition provides Cosentry with data center presence in the St. Louis region, and a more robust set of managed hosting infrastructure and managed services capabilities that complement the existing Cosentry colocation, cloud and help desk services. “We were attracted to XIOLINK because St. Louis is a critical expansion market for our business, and they are the recognized leader in providing data center, managed hosting and managed services in the St. Louis region,” said Brad Hokamp, Cosentry CEO. “In addition, combining our capabilities with those of XIOLINK enables us to provide a more comprehensive suite of IT infrastructure solutions to meet our customers’ needs. With this acquisition, Cosentry is well positioned to become the leading provider of IT infrastructure services in the Midwest.” Cosentry will now operate in four Midwest markets with eight data centers, including Omaha, Kansas City, St. Louis and Sioux Falls. In addition, the breadth of services now include private and public cloud capabilities, hosting infrastructure solutions, extensive managed services, disaster recovery and help desk outsourcing. “We are excited about the newly combined company’s strength and scale, which will allow us to continue providing customers with exceptional service while investing in and expanding our operations in the Midwest region,” said Brad Pittenger, XIOLINK CEO. “We will integrate seamlessly into Cosentry and be the platform for the managed services operations of the new company. In addition, our customers will now benefit from multi-city disaster recovery services throughout the region.” Cosentry will continue to operate and grow XIOLINK’s data centers and core managed services operations in St. Louis. The two co-founders of XIOLINK, Brad Pittenger and Mike Palmer, will continue to work for Cosentry through the successful integration of the companies. After the integration, Mike Palmer will be joining the Cosentry Board of Directors, assisting with the overall company business strategy. “We have been extremely impressed with the business XIOLINK has built in the St. Louis market, establishing itself as the regional leader in data center and hosting services,” said Harry Taylor, Managing Director at TA Associates, lead investor in Cosentry. “We also believe the ‘customer first’ culture XIOLINK has built mirrors Cosentry’s focus on providing the highest level of customer satisfaction. We look forward to the combined companies continuing to serve their customers very effectively.” DH Capital provided investment advisory services to XIOLINK on the acquisition. DH Capital is a private investment banking partnership serving companies in the internet infrastructure, communications and SaaS sectors. About Cosentry Cosentry is the trusted leader in Midwest Data Center Services, providing solutions that allow our clients to focus on their core business. Our customers can feel confident, knowing their IT Infrastructure is operating at the highest level of reliability, performance, and security. Cosentry has over a decade of experience providing data center services including Colocation, Cloud, Managed Hosting, and Managed Services. We operate as our client’s local business partner, taking the time to truly understand their business while tailoring our solutions to meet each client’s unique business and technical requirements. Whether virtualizing, consolidating, optimizing, or fully outsourcing data center and IT infrastructure, businesses can rely on Cosentry for help with resilient and versatile solutions. About XIOLINK XIOLINK, LLC (http://www.xiolink.com) is committed to ensuring that leaders of mid-market enterprises improve return on their IT investment, and is a leading provider of managed infrastructure, managed hosting, colocation and private cloud computing solutions to clients worldwide. XIOLINK maintains an infallible connection between clients and their data while providing the best technology resources available and proudly works with clients in a variety of industries including healthcare, finance, biotechnology, marketing and retail. Read the full story at http://www.prweb.com/releases/2014/01/prweb11470436.htm (c) 2014 PRWEB.COM Newswire |