Sutus raises cash, debt, hires new CEO

Vancouver-based Sutus has secured $2 million in venture funding, plus another $2.5 million in debt financing. It has also added a new CEO.

The $2 million in cash came from BDC Venture Capital, and the $2.5 million in debt financing is being provided by MMV Financial.  In addition Sutus is bringing telecommunications veteran Mike Donnell on as CEO; Donnell previously lead New Global Telecom (NGT) as its CEO and has also clocked time as CEO of Zi Corporation and Cellular One.

Founded in 2002, Sutus has over $15.5 million invested into its all-in-one Business Central box targeted at the small office market. The company launched product in late 2007.

Sutus' Business Central was specifically developed for businesses with up to 25 employees and includes a phone system that supports both PSTN and VoIP connections, a file server, email server, router, firewall, wireless access point, VPN remote access server, and automated backups; it can also serve as a gateway for hosted servers and includes extensive remote management and support features for the VAR/resellers that install it.  This reporter doesn't know if a kitchen sink option is available.

For more:
- Sutus announces new CEO, funding on MarketWatch. Release [1].  

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