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PHNS Acquires Online Backup Provider AmeriVault Corp.

Cliff Boodoosingh on May 14, 2008
 
Adds Second Managed Services Subsidiary to Expand Data Protection Reach

May 14, 2008-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®. See http://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 http://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 http://www.phns.com/ for additional information about PHNS.

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