DirectPointe Secures $4 Million in Funding from Zions Bank.LINDON, Utah Lindon is a city in Utah County, Utah, United States. The population was 8,363 at the 2000 census. By 2004 its population had been estimated to increase slightly to 8,489. Geography Lindon is located at (40.338552, -111. -- DirectPointe, a leader in IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. services, today announced it has secured $4 million in additional funding from Zions Bank. The investment will be used for operational efficiencies, marketing and product development, and for accelerating continued growth of the company. This will help DirectPointe in delivering managed IT services to more businesses across the country. "When we looked at DirectPointe, we saw a company that is innovative and delivering unique services in a market that is experiencing high growth," said Tom Etzel Etzel (ĕt`səl), in Germanic mythology, king who corresponds to the historic Attila. In the Nibelungenlied he appears as Etzel and in the Volsungasaga as Atli. , senior vice president, venture lending of Zions Bank. "DirectPointe has already demonstrated stability, growth and leadership, and we're excited to be part of a company that contributes to the Utah business community." The funding represents one of the first investments from the newly formed venture funding group at Zions Bank. The funding from Zions Bank is traditional financing, unlike typical venture-based financing in which some ownership is allocated to the investing company. DirectPointe CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Proper said, "In less than five years, we have been able to significantly grow our business from the investments of our own executives. We have some great opportunities ahead of us, and we are excited to have some additional capital to use in growing the company while still holding on to the equity." DirectPointe is a leading provider of IT outsourcing services. It was founded with a vision of making technology simple, manageable and affordable for the underserved small to medium-size business sector. The DirectPointe tools and systems enable its technicians to manage, protect and support customers remotely for a single monthly fee. By centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. and standardizing technology, DirectPointe can manage IT better and for less than its clients can internally -- with or without an existing IT staff. For more information about DirectPointe, please visit http://www.directpointe.com. About DirectPointe DirectPointe Inc., based in Lindon, Utah, provides managed computing computing - computer services that make technology simple, manageable and affordable for small and midsize businesses. The company takes ownership of the entire computing lifecycle, including procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , deployment, management, protection and support, so customers have one company to handle all their computing needs. Customers can deploy a complete solution to manage their entire environment or a subset A group of commands or functions that do not include all the capabilities of the original specification. Software or hardware components designed for the subset will also work with the original. of services to complement their existing infrastructure. DirectPointe solutions are delivered for one consistent monthly payment to ease budgeting and eliminate upfront costs. For more information about DirectPointe, visit www.directpointe.com or call 801-805-9700. |
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