Terenine Technology Solutions 2010 Growth Creates $5.8 Million Impact on Local Economy

CHATTANOOGA, Tenn., Feb. 8, 2011 /PRNewswire/ -- Terenine Technology Solutions announced today that the company's steady growth in 2010 created a total of 39 new jobs which resulted in a $5.8 million impact on the local economy. The impact is based on economic factors and multipliers provided by the University of Tennessee for Business and Economic Research. The new jobs represented a 41 percent increase in headcount.

"Terenine is defined by the quality of our talented team, whose common thread of integrity, innovation and commitment has resulted in a reputation for business-driven solutions for our customers," said Dave Carney, president of Terenine. "Although our main campus is located in Tennessee, we serve customers nationally and internationally through the latest in virtualized technology. We are excited to play a role in the growth of the local economy and technology talent pool."

Terenine has grown into a nationally-recognized expert in data center design and operation with last year's achievement of the Tier III Design Certified Data Center Design award from Uptime Institute, becoming the thirteen such data center in the United States.

Based in Chattanooga, Tennessee, Terenine helps businesses find alignment between business goals and technology innovation. Terenine offers a full array of technology solutions tailored to the customer's environment, including virtualization and cloud-based services, colocation, disaster recovery, backup and tiered storage, applications development, and professional services.

According to the Chattanooga Chamber of Commerce, 70 to 80 percent of new jobs are created as a result of the expansion of existing businesses. Small businesses drive innovation, create 21st century jobs and help increase Chattanooga's competitiveness. The U.S. Small Business Administration reports that firms like Terenine with fewer than 500 employees hire 40 percent of high tech workers, and have generated 64% of net new jobs nationally over the past 15 years.

Terenine is a service mark of Basenine, Inc., doing business as Terenine Technology Solutions. www.terenine.com

SOURCE Terenine Technology Solutions

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