Wheelings & Dealings: XIOLINK Wrapping up Cosentry Deal

Wheelings & Dealings: XIOLINK Wrapping up Cosentry Deal

By Doug Barney

XIOLINK last month was sold to Cosentry, but the MSP wanted to do due diligence on all the details, and so has hired DH Capital to advise it. Investment banker DH is a good pick as it focuses on SaaS, private cloud, colocation, managed infrastructure and managed hosting.

DH made sure that XIOLINK had a deal that is right for its owners.

Cosentry is a Midwest service provider which grew greatly having swallowed up the nearly 15 year-old XIOLINK. “DH Capital's hard work and advice was crucial in completing this transaction. We recognized the importance of partnering with an investment banking team that truly knows the sector,” said Brad Pittenger, Co-founder and CEO of XIOLINK. Cosentry serves the Midwest with data centers that total 48,000 square feet.

The Cosentry Build out

One hot area for service providers is disaster recovery, and here Cosentry is beefing its Midwest disaster recovery services with the new Cosentry Cloud Recovery, a service powered by Geminare.

Geminare is one of the increasing number of companies that use the term Recovery as a Service (RaaS) to refer to a range of things from restore to disaster recovery and business continuity. The pair leverages Geminare’s recovery technology and Cosentry’s large Midwest data centers, which have the ability to do cloud replication in real time.

What did Cosentry Just Buy?
 

Based in St. Louis, the privately-held XIOLINK served mid-market customers worldwide.

Besides managed hosting and infrastructure the company also had private cloud and colocation services.

The services, now owned by Cosentry, are based on Tier 3 datacenters, which, the company argues, lets it talk about 100 percent uptime and offer what it claims are strong SLAs. The datacenters have backup power that let it run at full load for 24 hours after a major outage. “We also have two separate power feeds on two different Ameren circuits, which enable us to guarantee 100 percent uptime for all of our clients,” the company said.

Protecting data is both physical and digital security. On the digital side are intrusion detection system (IDS) and intrusion prevention system (IPS). The premises are battened down with CCTV, biometrics and carefully restricted access.




Edited by Cassandra Tucker
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

MSPToday Editor at Large

SHARE THIS ARTICLE
Related Articles

ICYMI: What's Happening in the MSP Industry?

By: Greg Tavarez    7/19/2024

Here are a few articles compiled into one for readers interested in developments around the MSP space.

Read More

Global Microsoft Outage Linked to CrowdStrike: What Happened, and What's Next

By: Alex Passett    7/19/2024

A massive global Microsoft outage has reportedly stemmed from a misconfigured update from cybersecurity company CrowdStrike.

Read More

MSPs: When is it Time to Evolve Your Brand, Positioning, and Marketing?

By: Contributing Writer    7/18/2024

From the rise of AI to the increase in cyber attacks and the shift to hybrid offices, dynamic forces are driving stronger demand for managed services.…

Read More

Assuring Top-Notch Cybersecurity: Assura and Stellar Cyber Announce New Partnership

By: Alex Passett    7/18/2024

Assura, Inc. and Stellar Cyber have announced a strategic partnership aimed at bolstering both offensive and defensive cybersecurity capabilities for …

Read More

Unveiling Seismic LLC's Unique Value Proposition: An Interview with Richard Cabelo

By: Rich Tehrani    7/18/2024

Seismic is distinctively purpose-built to empower MSPs, VARs, integrators, OEMs, and distributors with the resources and agility needed to achieve bes…

Read More