|
a
|
News
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.
|
|