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PDF: Merger - F.A.Q.) FOR
IMMEDIATE RELEASE Vision
Solutions Reports Impressive Results
Company
expects to close 2007 with higher than anticipated earnings and sales Irvine,
Calif. (Nov. 6, 2007) Vision Solutions®, the leading provider of high availability
and disaster recovery solutions in the IBM® System i and System p markets,
today announced record results following the acquisition of Lakeview Technology
including a significant increase in sales volume.
Since the acquisition,
Vision Solutions closed more than 1,000 new sales of high availability, disaster
recovery, and data management softwaremore than 400 of these sales are to
new customers. Approximately 60 percent of these new sales are within the fast
growing, small-to-medium business segment. Chief Executive Officer Nicolaas Vlok
pointed to Vision Solutions success in converging cultures, continuing excellence
in customer service, and capitalizing on expertise throughout the growing Company.
"By combining collective talents throughout our organization, were
set to expand more than ever on a global level and meet our customers needs
no matter their size." Mr. Vlok continues, "The Lakeview acquisition
not only expands our product offerings, it establishes our position as the global
leader for System i and System p high availability. This is an opportune time
as we believe the stage is set for significant growth. Weve
achieved remarkable results in all areas of the global market from Asia
Pacific, Europe and the Americas, adds Don Scott, executive vice president
and CFO of Vision Solutions. Not only did we realize strong top-line performance,
we also realized an increase in profitability as well. Our balance sheet strengthened
over the period and weve seen an enhanced positive cash flow.
Our strong performance throughout the year represents more than 300
million dollars of IBM hardware sales influence, substantiating Vision Solutions
as IBMs premier business partner for high availability, adds Ed Vesely,
senior vice president for worldwide marketing at Vision Solutions.
While
continuing to develop and support all current products, Vision Solutions is cultivating
a combined HA platform that will bring exceptional value to both current and new
clients. Were enjoying tremendous synergies within our product development
and research teams, adds Executive Vice President and Chief Technology Officer
Alan Arnold. Several new products and enhancements are in the works that
will further increase reliability, usability, self-healing, performance, scalability
and backwards compatibility. Vision Solutions executive management
team anticipates strong growth in the coming years by investing in fundamental
strengths, increasing efficiencies and capitalizing on the organizations
combined talent. The Company continues to experience significant traction within
the AIX market as well through innovative solutions combining the benefits of
any-point-in-time recovery through continuous data protection (CDP) with traditional
replication technologies. Throughout the world, Vision Solutions
is taking high availability, disaster recovery, systems management and data management
technologies to a new level through many ease-of-use and self-healing features
that make it possible for companies of any size to protect and manage data with
very little user intervention, concludes Alan Arnold. When one combines
this with our commitment to continual improvement and support, our technologies
are positively reshaping the System i and System p infrastructure software industry.
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. |