Colocation provider i/o Data Centers will design, build and operate a financial grade data center for FirstBank, the largest locally-owned bank in Colorado, the companies said Wednesday. FirstBank will occupy a custom suite in i/o Data Centers' Scottsdale ONE data center facility as part of a multi-year agreement. The i/o site will serve as a disaster recovery facility for FirstBank, which currently has over 120 locations and serves more than 600,000 customers.
"With online banking becoming so prevalent in today's society, FirstBank, as well as its customers, can have peace of mind knowing that their core IT is housed in a secure and reliable data center," said Anthony Wanger, Senior Managing Director of i/o Data Centers. "We are committed to FirstBank and are pleased to have the opportunity to accommodate and assist them with their rapid growth and success by providing them with best-in-class data center space."
"We chose i/o Data Centers as a key component of our security and disaster recovery plan because of their reputation, state-of-the-art facilities and accountability," said Christian Winward, Senior Vice President of FirstBank. "They are an ideal fit for our need for an off-site, reliable, financial-grade data center provider."
Scottsdale ONE is the first facility for i/o Data Centers, an affiliate of private equity firm IO Capital, LLC with $100 million in assets. i/o’s management team developed and operated the Downtown Phoenix Technology Exchange before selling it to Digital Realty Trust in a 2006 transaction valued at $175 million.