Adds Second Managed Services Subsidiary to Expand Data Protection
Reach
DALLAS--(Business Wire)--
PHNS, an 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.
In 1998 AmeriVault pioneered disk-based online backup, founded on
the premise that tape solutions were faulty and inefficient, and put
businesses at risk. Today, AmeriVault continues to combine
best-of-breed software, industry-leading hardware, world-class data
centers and expert customer support to deliver secure offsite data
protection and recovery services with the highest reliability.
Solutions are designed to satisfy recovery point and time constraints,
archiving requirements and compliance demands, while maximizing
efficiency through automation and hardware-free processing. Since its
inception, AmeriVault has experienced double-digit growth
year-over-year, which has resulted in honors by both the Boston
Business Journal and Inc. 5000 for their lists of Fastest Growing
Companies.
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."
About AmeriVault: Founded in 1998, AmeriVault is a recognized
leader in managed data protection and offsite storage services,
including online backup, disk-based recovery, high availability, email
archiving and data lifecycle solutions. Backed by a SAS 70 (Type II)
certification, AmeriVault's solutions employ aggressive security and
redundancy safeguards while ensuring business continuity, seamless
disaster recovery and regulatory compliance. Whether data requires
continuous data protection or data archiving, AmeriVault's solutions
are tailored according to data value, lifecycle, regulated attributes
and recovery objectives, as well as desired redundancies and price
points. AmeriVault combines the highest levels of customer service,
premium solutions, award-winning software and secure world-class
datacenters to deliver Excellence in Data Protection(R). See
www.amerivault.com for additional information about AmeriVault.
About NTG: Since 1989, Network Technology Group, Inc. has provided
innovative technology solutions to meet the diverse needs of its
clients around the U.S. NTG provides advanced data center, business
continuity and disaster recovery services from highly available
Tier-Four data centers. Services include application hosting,
co-location and managed services; electronic off-site data back-up and
data vaulting; business continuity solutions; disaster recovery
services; and systems integration services. See www.ntg.com for
additional information about NTG.
About PHNS: PHNS provides information technology (IT) services for
hospitals, other healthcare providers and businesses. PHNS' IT
services include application hosting, co-location and managed
services; electronic off-site data back-up and data vaulting; business
continuity solutions; disaster recovery services; and systems
integration services. PHNS also provides comprehensive business
process solutions for hospitals including health information
management (including medical record management and storage,
transcription, coding, release of information and electronic medical
record services), advisory and receivables management services. PHNS
creates business-healthy hospitals by improving operations, enhancing
technology and increasing cash on hand, which allows hospitals to
focus on their core competency--patient care. PHNS has approximately
900 customers, including approximately 400 hospital IT and business
process customers and approximately 500 IT customers. PHNS is
headquartered in Dallas, Texas. See www.phns.com for additional
information about PHNS.
PHNS
Rick Kneipper, 214-257-7014
Copyright Business Wire 2008
