Tuesday, July 17, 2007

DirectPointe Secures $4M from Zions Bank

Lindon, Utah-based DirectPointe, a provider of IT outsourcing services, announced Tuesday that it has secured $4 million in financing from Zions Bank. DirectPointe said it will apply the investment toward growth and marketing and product development. DirectPointe said the money represents one of the first investments from Zions Bank's newly formed venture-funding group. DirectPointe added that the Zions Bank loan is traditional financing and not the typical, venture-based financing in which some ownership is allocated to the investor. DirectPointe is headquartered in Lindon, Utah.