Thoma Cressey Completes Acquisition of Vision Solutions and iTera, Inc.; Vision and iTera Announce Merger

Market and Technology Innovators Create World's Leading High Availability Vendor for System i


IRVINE, CA and SALT LAKE CITY, UT -- (MARKET WIRE) -- November 2, 2006 -- Thoma Cressey Equity Partners announced today it has finalized its acquisition of Vision Solutions and iTera, Inc. Concurrently, Vision Solutions and iTera are merging and the newly formed enterprise is privately held by Thoma Cressey. Financial details of the transaction will not be disclosed.

"Today we become the world's leading provider of high availability solutions for the System i market," said Nicolaas Vlok, CEO of the newly merged company. "With our shared goals for the future and with the combination of two great companies -- our products, technologies and people -- we will continue to focus our efforts on the System i market to provide the best protection of applications and information to organizations of all sizes across the globe. As we look forward, the combination of solutions and technologies will yield even more innovation and benefits for current and new clients."

Operating as Vision Solutions, the new company will focus its expanded resources on IBM System i infrastructure software and the organization will be IBM's largest high availability Premier Business Partner in the world. The company's combined products will be marketed under the iTera brand.

"This is a tremendous development for the System i market and validates the innovative technology pioneered by iTera," said Dan NeVille, CEO of iTera. "Our Echo2 High Availability products are remarkably successful and with Vision's global reach, we expect to create significant traction in all markets. This merger creates a clear choice for companies considering high availability."

According to Scott Crabill, partner of Thoma Cressey, "iTera and Vision have significant synergies that make this company an industry leader. Vision has excelled in enterprise solutions for global organizations and has been very successful in international markets. iTera has had excellent growth in North America and has developed innovative technology, removing barriers of entry for ease of use, management and implementation.

Vision Solutions of Irvine, Calif., provides high availability solutions, as well as data and systems management solutions for the Global 5000. Based in Salt Lake City, iTera develops and integrates System i high availability and continuous availability solutions including Echo2™ High Availability and Migrate While Active™. The company will maintain operations in both cities.

For more information, visit www.visionsolutions.com and www.iterainc.com.

About Thoma Cressey Equity Partners

Thoma Cressey Equity Partners is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 25 years. In the software industry, Thoma Cressey has amassed a portfolio of software earnings in excess of $300 million. Thoma Cressey's investment focus is on companies in the software, healthcare, business services and consumer products industries. Thoma Cressey currently manages approximately $2 billion of equity capital.

For more information on Thoma Cressey Equity Partners, visit www.thomacressey.com.

Contact Information: Contact: Paula Brici Brici Communications (949) 677-6527 Email Contact

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