Cary data management company Consonus Technologies, which aborted a public stock offering two years ago, will become a subsidiary of Midas Medici Holdings, a publicly traded company in New York that's investing in smart grid developments.

Consonus, with more than 100 employees in Cary, will continue operating independently under its own name without changes or layoffs, company officials said. Consonus provides a range of technology services, including data storage and support, disaster recovery, data center efficiency, virtualization and cloud computing.

The deal is intended to give the company access to Wall Street capital through Midas Medici, said Nana Baffour, director and co-executive chairman at Midas Medici. Later this year, Midas Medici plans to raise money to invest in growth at Consonus by issuing more public shares of stock, Baffour said.

The management changes that Consonus Technologies announced this week were part of a long-established succession plan, according to executives at the Cary-based company.

The plan to hand over the reins of the privately held data-management company to a new management
team was put in place after Strategic Technologies of Cary merged in January 2007 with Salt Lake City-based Consonus Acquisition Corp. and took the smaller company's name, said CEO Mike Shook.

Consonus announced this week that Shook and his younger brother, Will, an executive vice president, are stepping down Oct. 1. The brothers co-founded the business in 1988.

The founder of Consonus Technologies will step down as CEO of the Cary company.

Mike Shook and his brother Will Shook, who co-founded the company, plans to retire on Oct. 1, but continue serving on Consonus' board of directors.

Robert McCarthy, executive vice president of sales and marketing, and John Roger, chief operating officer, will become the company's co-presidents.

Consonus manages data centers and provides information-technology services for businesses such as Cary software company SAS. The company employs 180 people, with about a third at its Cary headquarters.

Consonus Technologies, a Cary company that scrapped plans for an IPO last year, has found another way to raise money.

The company secured additional financing from U.S. Bank. Consonus didn't disclose how much, but said that it is the second round of funding from the bank, which has provided more than $15 million since 2005.

The new money will be used to expand Consonus' data centers in Utah and elsewhere.