Is there a command that allows the debugs to be shown in color. It would be easier for my techs to read the debug outputs. Didn't see any that I could find.
As Radius already wrote, there is no embedded function in IOS to colorize the debug output.
I nice way is to send the debug to a syslog or use a terminal client which supports logging to save into a textfile. Then use a texteditor with language highlighting for example notepad++ unfortunately there is no predefined language for cisco config but it's easy to configure your own highlighting as you may want it.
notepad++ supports to automatic refresh files while they are updated from another application in the background, so you see the output like in realtime.