BondDesk Opens Technology Center in Rochester, Michigan

10 November 2008

BondDesk Group LLC, a financial technology company specializing in enterprise-wide fixed solutions and parent company of BondDesk Trading, a leading odd-lot fixed-income electronic trading platform, today announced the opening of the company’s new Technology Center in Rochester, Michigan.

The custom built facility was specifically designed to support the company’s application development, technical project management, quality assurance and customer support teams, along with housing the firm’s disaster recovery data centers. The new 18,500 square foot facility expands BondDesk’s presence in the Rochester and Rochester Hills area, where the company has had offices since 1999.

“Our new, state of the art, Technology Center, allows us to house distinct functional groups such as application development and networking services, within one complex which enhances internal communications and our ability to service our client network,” said Peter Crosbie, Chief Executive Officer, BondDesk Group. “In addition, our expanded data center supports our increased investment in upgraded server architecture, parallel load testing and QA environments.”

Currently staffed by more than 100 employees, this facility has already been scheduled for expansion to accommodate BondDesk’s rapid growth. The building also reduces the company’s carbon footprint by leveraging the colder Michigan climate.

“As with all IT equipment, our systems require a cooling mechanism to prevent overheating,” said Fred Mommersteeg, Chief Technology Officer, BondDesk Group. “Instead of traditional air conditioning systems we chose an alternative system which uses a mix of traditional air conditioning and a new greener Glycool “free-cooling” methodology. When the external temperature drops below 60 degrees we automatically shift our cooling system, taking advantage of the outside air temperature to cool the system’s refrigerant and greatly reducing our operating costs and energy requirements.”

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