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Vision Solutions Reports Impressive Results
Company Expects to Close 2007 With Higher Than Anticipated Earnings and Sales
| Source: Vision Solutions
IRVINE, CA--(Marketwire - November 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 software -- more 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, we're 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."
"We've 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 we've 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 IBM's 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.
"We're 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
organization's 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 Vision Solutions
Vision Solutions, Inc. is the
world's leading provider of high availability, disaster recovery and data
management solutions for the IBM® System i and System p markets. With a
portfolio spanning the industry's most innovative and trusted HA solutions
from ORION™, MIMIX® and iTera™
brands, Vision keeps critical businesses information continuously protected
and available. Affordable and easy to use, Vision products help to ensure
business continuity, increase productivity, reduce operating costs and
satisfy compliance requirements. Vision also offers advanced cluster
management and systems management solutions, and support for i5/OS®,
Windows®, and AIX® operating environments. As IBM's largest high
availability Premier Business Partner, Vision Solutions oversees a global
network of business partners and services and support professionals to help
our customers achieve their business goals. 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.