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FOR IMMEDIATE RELEASE
Merger of Vision Solutions and iTera, Inc. Creates the Leading HA Provider Worldwide
Vision
Solutions' resources combined with iTera's award winning technology,
means
the best of two worlds for Australian high availability and disaster recovery
users.
On
November 2, 2006, Vision Solutions, Inc. and iTera Inc. announced a merger of
their two companies. The merger leverages their unique strengths in delivering
high availability and systems/data management solutions for the IBM System i market.
The combined companies are now the dominant provider of high availability solutions
in all geographies across various industries and segments, from SMB to Enterprise
markets.
The combined organisation combines the world's leading high
availability solutions, development teams, services and customer support centers
for System i. These resources, including one of the most established global Partner
networks in the world, provide the System i market with unprecedented global coverage
for their high availability and disaster recovery solutions.
Operating as
Vision Solutions, the new company will focus its expanded resources on IBM System
i
infrastructure software and the organisation will be IBM's largest high
availability (HA) Premier Business
Partner in the world. The company's combined
products will be marketed under the iTera brand.
Peter Sanderson, CEO of Team Computing - exclusive Australian reseller of iTera's multi-award winning high availability and disaster recovery solutions, took the opportunity to reaffirm Team's commitment to existing and future customers. "We believe this is an excellent merger. It combines the brand recognition of Vision Solutions with the leading edge technology of iTera. This can only mean improved value for customers in the future."
"Today we become the world's leading provider of high availability solutions for the System i market," said Nicolaas Vlok, CEO of the newly merged company. "With our shared goals for the future and with the combination of two great companies-our products, technologies and people-we will continue to focus our efforts on the System i market to provide the best protection of applications and information to organisations of all sizes across the globe. As we look forward, the combination of solutions and technologies will yield even more innovation and benefits for current and new clients."
About
Team Computing
With expertise in networks, systems, software and security,
Team are a leader in IT infrastructure services, specialising in the IBM iSeries
(AS/400s), xSeries and all brands of PCs and accessories, networks and their inter-connectivity.
Team offer and support only proven software solutions including award winning
products such as Syspro's award winning ERP software for small to medium distributors
and manufacturers, and iTera's High Availability solution, Echo² - the fastest
selling high availability software in the iSeries world.
About
iTera
Headquartered in Utah, iTera is a developer and integrator of iSeries
high availability and continuous availability solutions including multi-award
winning Echo2 ™ High Availability, Echo² Vault ™ and Migrate While
Active™.
About
Vision Solutions
Vision Solutions of Irvine, Calif., provides high availability
solutions and data & systems management solutions for the Global 5000.
For more information, visit www.teamcomputing.com.au, send an email to team@teamcomputing.com.au, or call 02 - 9438 4333 in Sydney and 03 - 9337 8399 in Melbourne.
All
company names and products mentioned in this release are trademarks or registered
trademarks of their respective holders.
FOR IMMEDIATE RELEASE
Thoma Cressey completes acquisition
of Vision Solutions and
iTera, Inc.; Vision and iTera announce merger
Market
and Technology Innovators Create World’s Leading
High Availability Vendor
for System i
IRVINE, Calif., and SALT LAKE CITY (Nov. 2, 2006) Thoma Cressey Equity Partners announced today it has finalized its acquisition of Vision Solutions and iTera, Inc. Concurrently, Vision Solutions and iTera are merging and the newly formed enterprise is privately held by Thoma Cressey. Financial details of the transaction will not be disclosed.
“Today we become the world’s leading provider of high availability solutions for the System i market,” said Nicolaas Vlok, CEO of the newly merged company. “With our shared goals for the future and with the combination of two great companies—our products, technologies and people—we will continue to focus our efforts on the System i market to provide the best protection of applications and information to organizations of all sizes across the globe. As we look forward, the combination of solutions and technologies will yield even more innovation and benefits for current and new clients.”
