Data393 Acquired by Managed Data Holdings

ENGLEWOOD, CO--(Marketwire - January 2, 2008) - Managed Data Holdings, an operator of state-of-the-art data centers, announced today that is has acquired Data393, a leading provider of managed hosting, colocation and IT infrastructure located in the Denver Tech Center.

"As the demand for IT infrastructure service continues to grow, our search for a buyer with sufficient capital and industry experience to continue Data393's long term growth strategy and data center expansion led us to select Managed Data Holdings," said Lee Woodward, CEO and President of Data393. "This transaction will allow Data393 to continue its rapid growth and bring additional data center capacity online in early 2008."

"Managed Data Holdings is pleased to add Data393 to our growing base of SAS70 Type II data centers," said Peter Stevenson, Chief Executive Officer of Managed Data Holdings. "We are focused on delivering the services that small to medium-sized businesses and enterprise customers need through our network of data centers, and Data393's proven ability to provide those services made it a perfect fit. We believe that moving forward immediately with the expansion of available high density, raised-floor capacity at Data393 and offering customers diverse, multi-site solutions are important additions to an already excellent brand in the marketplace."

As part of the acquisition, Brett Jones has been named General Manager of Data393, and Managed Data Holdings expects to operate the business under the Data393 brand name. Jones has over 15 years of successful experience in the sales and operations of colocation and managed services businesses.

"Data393 has experienced phenomenal growth in 2007 and we anticipate that will continue into 2008," said Brett Jones, General Manager of Data393. "Managed Data Holdings is committed to maintaining the innovative, robust services and outstanding customer service that have allowed Data393 to become a market leader in the Rocky Mountain region, and our ability to now offer customers multi-data center products such as data replication and disaster recovery services should provide added value."

In addition to Data393, Managed Data Holdings operates Intelenet Communications (Intelenet.net) in Irvine, Calif., and, together with Data393, currently has combined high density, raised-floor capacity in excess of 60,000 square feet, Tier 1 carrier connectivity and a full suite of managed hosting and managed services.

About Managed Data Holdings

Managed Data Holdings (MDH) was founded in June 2007 by three highly experienced industry executives in conjunction with Great Hill Partners and Catalyst Investors. MDH's strategy is aimed at operation of state-of-the-art data centers across Tier I and Tier II markets in the U.S. to meet the increasing demand for managed hosting, managed services, colocation space and disaster recovery services required by small and medium size business customers or divisions of large enterprises. The company's data centers, which are located in Orange County, Calif., and Denver, Colo., are SAS70 Type II compliant and are designed to accommodate the changing power density and cooling needs of the colocation market while maintaining consistent high levels of customer service and support. An integral part of MDH's services portfolio is the technical ability to deliver managed security services, managed storage services, managed load balancing and remote hands services in conjunction with colocation services.

About Data393

Located in the Inverness Business Park in southeast Denver, Data393 offers highly reliable colocation, managed hosting, connectivity and managed infrastructure services featuring Cisco, Microsoft, Red Hat, EMC and Compellent technologies from a SAS 70 Type II facility. Visit http://www.Data393.com or call 800-260-4843.

Contact Information: Press Contacts: Data393 Marc Lumpkin 303-378-2366