What's happening: Lasco Development Corporation and Peninsula Fiber Network have announced a new strategic partnership between the two Upper Peninsula tech companies. The pair will now mix Lasco’s tools and application services for financial institutions with PFN’s fiber optic infrastructure to help develop secure, high-performance network connectivity options.
A uniquely U.P. pairing: The two companies use technology in different formats, one for banking and cyber security, while the other focuses on connectivity and infrastructure. When combined, the Lasco-PFN partnership will open up new ways to address cybersecurity risks, and stay on the cutting edge of financial security requirements and regulation, while all staying local with technological development and advancement.
What they're saying: “We are thrilled to join forces with Peninsula Fiber Network,” said Robert Baer, Lasco President. “PFN’s expertise in delivering high-quality network services aligns perfectly with our commitment to providing exceptional solutions to our valued customers. Together, we can elevate the standard of network services available to financial institutions and other partners, fostering growth, efficiency, and innovation.”
What's next: The two companies will focus on developing new customized network solutions that will help a number of financial institutions across the U.P. and Wisconsin. No specific projects have been named by either corporation, but the partnership will provide an immediate impact on Lasco’s customers and ownership group.
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