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News 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, 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. 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 About
iTera About
Vision Solutions 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.
Market
and Technology Innovators Create Worlds Leading 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 worlds 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 companiesour products, technologies and peoplewe 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. |
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