Private Equity Firm Buys CoSentry

(Ping! Zine Web Hosting Magazine) – Data center solutions provider CoSentry has been bought by private equity firm TA Associates. The move was announced on Thursday, although the total cost was not revealed.

Commenting on the matter, CoSentry CEO Michael Steffan expressed optimism, stating, “This partnership is validation of the soundness of our business model and prospects for continued success.”

“With their financial support, experience investing in technology companies, strategic guidance and significant network of contacts, we anticipate a fruitful and mutually beneficial relationship with TA,” he continued.

Among its data center services, CoSentry provides for colocation, hosting, disaster recovery, and more.

Just last month, the data center provider announced it would be working with Infogroup on improving its cloud strategy.

The company has a presence in U.S. states including South Dakota, Missouri, and Nebraska. For more information on CoSentry, visit:  http://www.cosentry.com/

 

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