Even banks and financial services firms are discovering the power of managed services. A case in point: Square 1 Bank, which works closely with venture capital firms, has embraced managed services from Hosted Solutions. Under terms of the relationship, Hosted Solutions’ Raleigh, N.C., data center will host Square 1’s core applications. The deal also calls for Hosted Solutions to offer dedicated servers, managed back ups, SAN storage, monitoring, managed security, internet services, and network connectivity.