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PDF: Merger - F.A.Q.) FOR
IMMEDIATE RELEASE Vision
Solutions Acquires Lakeview Technology Expands its Availability Portfolio and
Accelerates Innovation
Acquisition
expands Vision Solutions' commitment to System i High Availability technologies
IRVINE,
California - June 13 - In a move that strengthens its position as the world's
leading high availability (HA) solution provider for IBM's System i platform,
Vision Solutions Inc. today announced that it has acquired Lakeview Technology
Inc. The acquisition expands Vision's presence and commitment to the System i
high availability market while building on its distribution, technology, and service
offerings for its worldwide base of nearly 6,000 customers.
"The acquisition
of Lakeview underscores our focus to provide customers with the best system resiliency
and data management products and the most exceptional support in the industry,"
said Nicolass Vlok, president and CEO of Vision. "Lakeview has built a strong
worldwide high availability business, and we are excited to have its world-class
employees, customers and partners join the Vision family. With our expanded resources
and scale, we will increase our ability to innovate and be the solutions provider
our customers can count on for their availability needs."
The acquisition
of Lakeview, backed by private equity investor Thoma Cressey Bravo, Inc., marks
Vision's second strategic combination in the high availability market, following
its October 2006 merger with iTera, Inc. "We are excited to partner with
Vision Solutions and Lakeview Technology to create the clear industry leader in
the System i high availability market. Adding the MIMIX range of solutions to
Vision's product family creates the broadest and most innovative portfolio of
high availability technology globally" said Scott Crabill, a partner with
Thoma Cressey Bravo.
With the acquisition of Lakeview, Vision Solutions'
Premier Business Partner relationship with IBM is expected to strengthen and expand
as both companies further align product development initiatives and move forward
with go-to-market strategies to support the needs of enterprise customers while
growing the small and medium business marketplace.
"System i clients
are looking for affordable, easy-to-manage business resiliency solutions, and
the combination of Vision Solutions and Lakeview Technology is terrific news for
our clients around the world," said Mark Shearer, general manager, IBM System
i. "Vision Solutions has leadership technology assets, services competencies,
global reach and the financial strength necessary to take business resiliency
to an entirely new level for our clients and partners."
"Businesses
of all sizes are increasingly looking to implement business resiliency solutions
that are innovative, affordable and easy to use," said Sonia Lelii, Storage
Research Analyst at Aberdeen Group. "With this market-changing acquisition,
Vision Solutions will be uniquely positioned to globally provide small and medium
businesses with the best resiliency solutions that are specifically tailored for
their needs."
The acquisition of Lakeview Technology combines the
R&D talents of the industry's largest and most innovative high availability
and disaster recovery development organizations. In addition, customers will benefit
from an extensive support organization that spans the world.
During the
merger of Vision and iTera in 2006, the company committed to develop, market and
support both ORION HA and iTera HA for the foreseeable future. Vision intends
to implement this same strategy with Lakeview's MIMIX product line. "Each
of the iTera, MIMIX and ORION high availability offerings bring important availability
and recovery capabilities to their respective customers. We will continue to develop
and support these solutions, while working to cross-pollinate the best features
of each offering as we roll out new releases," said Alan Arnold, chief technology
officer at Vision Solutions. "Customers using our products can count on Vision's
commitment of continued investment in future technology initiatives. As we go
forward, our synergies will provide customers with even better value from their
Vision and IBM availability technologies." "In
Australia this merger will create a 'one-stop-shop' where companies of all
sizes and budgets can find the perfect solution for their situation," said
Peter Sanderson, CEO of Team Computing. "The combination of resources, support,
and R&D from the merger of Vision, iTera and Lakeview will provide unparalleled
HA/DR and data management solutions at an affordable price for all System i users,
not just for massive IT shops, as state of art technology is implemented throughout
the product line. As a provider of quality HA and DR solutions, Team Computing
is excited about the opportunities this merger brings, both for us and our clients."
"Customers of Vision and Lakeview have come to expect world-class products
and services, and both companies strive to exceed our customers' expectations,"
said Bill Merchantz, CEO of Lakeview. "By combining Vision and Lakeview,
our customers will have the resources of a large operation to support their future
needs through Vision's varied product and service offerings. I am excited about
the opportunities this will bring to our employees, customers and partners."
Terms of the transaction were not disclosed.
About
Team Computing With expertise in networks, systems, software and security,
Team are a leader in IT infrastructure services, specialising in the IBM System
i, 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 Vision's iTera HA products - the fastest selling high availability
software in the System i world. For more information visit www.teamcomputing.com.au
or call (02) 9438 4333. About
Vision Solutions Vision Solutions, Inc. is the world's leading provider of
high availability, disaster recovery, and data management solutions for the System
i market. As IBM's largest high availability Premier Business Partner, Vision
Solutions is a recognized System i solutions leader. The Company works closely
with an international network of channel partners and IBM to deliver its industry-leading
software, along with a powerful portfolio of services and support for protecting
mission-critical applications and information from planned and unplanned downtime.
Privately held by Thoma Cressey Bravo, Inc., Vision Solutions is headquartered
in Irvine, California with offices worldwide. For more information, visit www.visionsolutions.com
or call 800.957.4511. |