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VaultLogixâ„¢ Continues Online Backup Leadership with Addition of Online Backup Provider
Danvers, MA, September 28, 2011 –/BackupReview.info/– VaultLogix, the leading provider of secure, reliable, online backup and recovery capabilities for business data at a cost-effective price point, today announced it has completed the acquisition of certain assets of Utility Backup Solutions, a leading provider of secure online backup and recovery. Todayâ€™s announcement increases VaultLogixâ€™s customer base for its Internet Vault Live online backup service.
With the addition of Utility Backup Solutions clients, VaultLogix now services over 5000 business clients worldwide. VaultLogix offers complete online backup solutions, either through its own proprietary solution, Internet Vault Advantage, or through existing relationships with third-party online backup software providers. By supplementing its own offering with those of other software providers, VaultLogix is able to ensure the best online backup solution for any business, regardless of their internal configurations and heterogeneous platform needs.
â€œVaultLogix is focused on providing the right online backup solution for each of our customers,â€ said Tim Hannibal, CEO and President for VaultLogix. â€œWe evaluate the customerâ€™s disaster recovery needs and design a solution that fits that customerâ€™s requirements, all at a cost-effective price point. It is one of the reasons we are confident that we can continue to build our lead in offering the best online data protection solutions in the market.â€
The acquisition of Utility Backup Solutions closed in September 2011 and VaultLogix expects the acquisition to be accretive to its revenue results as well as generating significant cost savings on a go-forward basis. Financial details of the acquisition are not being released.
For more information, visit http://www.dataprotection.com or call 1-877-VAULTLOGIX (877-828-5856).
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