September 27, 2007 – (HOSTSEARCH.COM) – Web hosting provider Hosted Solutions (http://www.hostedsolutions.com) has won a multi-year managed services contract, it was announced yesterday. The contract was awarded by Square 1 Bank (http://www.square1bank.com), a provider of “financial services to venture capital firms and companies that receive venture capital investment”. Hosted Solutions will provide Square 1 Bank with a fully managed infrastructure and operating system to house their core applications for the next three years.
Hosted Solutions will help optimize Square 1 Bank’s operations in the areas of application management and infrastructure management. The company will also deploy and optimize new and existing applications, while “being scalable to meet Square 1’s rapid growth”.
Hosted Solutions will manage Square 1 Bank’s “entire application infrastructure and disaster recovery efforts” and will adopt an infrastructure comprising Hi-Touch dedicated servers, managed back ups, SAN storage, monitoring, managed security and internet services, and network connectivity.
“With redesigning our entire network IT infrastructure, we needed a secure place to centralize our applications. Hosted Solutions SAS 70 Type II certified Raleigh Data Center provided the facility that we had been looking for, and we are confident their expert staff can manage and handle the scalability needed for our rapid growth,” explained Don Sturdivant, CTO of Square 1 Bank. “Hosted Solutions enterprise solution will aid us in continuing to satisfy an ever-increasing customer demand for service convenience and product quality.”
“Our SAS 70 Type II certified data centers are able to benefit Square 1 Bank in our ability to handle the scalability they need while guaranteeing high availability and outstanding support for all of their systems and applications,” added CEO of Hosted Solutions Rich Lee. “By reducing Square 1’s costs and risk by optimizing their daily IT operations, we are able to partner with Square 1 to help maximize their relationships with both their internal employees and external customers.”
Hosted Solutions’ provides data center and managed hosting solutions and operates four SAS 70 Type II audited data centers in the USA. Launched in August, 2005, Square 1 Bank is a “full service commercial bank providing financial services to venture capital firms and entrepreneurs in all stages of growth and expansion”. The company has headquarters in Durham, North Carolina, USA.
