Wednesday, May 14, 2008

Dallas-based PHNS acquires AmeriVault Corp.

By Pegasus News wire

DALLAS — PHNS, the Dallas-based information technology and business process service provider focused on the healthcare industry, today announced the acquisition of AmeriVault Corp., a leading provider of remote online data backup, offsite recovery services, email archiving and data lifecycle solutions.

Photo not provided by PHNS

The company hopes to make its products safe from hi-tech hacking attempts

AmeriVault will operate as a PHNS subsidiary together with PHNS’ Network Technology Group subsidiary (NTG), which also provides electronic data protection services as well as advanced data center information technology services. AmeriVault will operate with Bud Stoddard, AmeriVault’s president, continuing as president, and with AmeriVault’s management and employees remaining in their current positions. AmeriVault and NTG together will service over 1,270 customers throughout the United States with AmeriVault continuing to operate from its headquarters in Waltham, Massachusetts.

“AmeriVault is one of the most highly regarded companies offering electronic data protection services to small and medium sized business, and we’re very excited to combine AmeriVault’s data protection business with NTG’s data protection business,” said Scott Thompson, president of PHNS’ NTG subsidiary. “We’re very pleased that AmeriVault’s strong management and employee team will join with us to continue to offer outstanding customer service and a broad array of electronic data protection services to businesses at a reasonable cost.”

“AmeriVault and PHNS’ NTG together share significant depth in delivering managed and hosted solutions, especially with regard to data protection and recovery,” said Bud Stoddard, founder and chief executive officer of AmeriVault. “The combination of expertise, resources and customer bases will provide a strong competitive advantage that will benefit our customers.”

Source: PHNS

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• Economics > Mergers & Acquisitions
• Technology > Computer Industry