Contact Information: Contact Debbie Madoni Lewis Vision Solutions 801.541.7769
Newly Merged iTera and Vision Solutions Integrate Strengths and Respective Identities
New Management Team and Enhanced Logo Provide Powerful Message and Unified Strength to System i Marketplace
| Source: Vision Solutions
IRVINE, CA and SALT LAKE CITY, UT -- (MARKET WIRE) -- November 20, 2006 -- Vision Solutions today
announced a new logo combining the Company's name with the iTera brand. The
innovative image reflects the Company's commitment to bring premier,
easy-to-use, and affordable System i high availability and disaster
recovery solutions to companies of all sizes. The new organization also
announced its combined management team.
"We are in the enviable position of possessing extremely talented
professionals and two valuable brands with powerful equity in the
marketplace," said Chief Executive Officer Nicolaas Vlok. "Our overall
strategy integrates the valuable assets of each company's technology and
identity."
Recently merged with Vision Solutions, iTera's history of innovation is the
leading go-to-market brand name for the Company's technologies. "Our
entrepreneurial spirit and innovative technologies ensure our continued
success," said Executive Vice President Dan NeVille (former CEO of iTera).
"Integrating these attributes with an ever-enhancing product line signals
strong positioning for our combined organization. Those seeking superior
high availability and disaster recovery solutions do not need a 'safe
passage' during this transition; rather, they need products that are
easy-to-use, affordable, and remarkably reliable -- we provide these
solutions in such a way no other company can."
Chief Executive Officer Nicolaas Vlok leads the new executive management
team. Dan NeVille is the Executive Vice President of Sales and Marketing.
Alan Arnold is the Chief Technology Officer and also an Executive Vice
President. As Senior Vice Presidents of Engineering, Henry Martinez and
Kent McDonald will continue to lay new ground in strategic solutions
development. Don Scott will serve as the Chief Financial Officer.
While continuing to develop and support all current products, Vision
Solutions will cultivate a combined HA platform leveraging best-of-breed
technologies from Vision's ORION and iTera's Echo2. Eventually, all
solutions will reflect the iTera brand, creating a unified look when
coupled with Vision Solutions' new logo.
"Our customers will continue to benefit from product enhancements as we
move to a combined platform," added CEO Nicolaas Vlok. "Our commitment to
customer satisfaction means they can rest assured their investments in our
solutions are sound." The design goals for the combined platform include
usability, integrity, performance, scalability, and backwards
compatibility.
Prior to the merger, both iTera and Vision Solutions were providing quality
solutions with their Echo2 and ORION brands. The companies merged to
leverage their unique technologies and distribution channels. Unique
pricing, such as Vision Solution's subscription-based program, will
continue and new offers are under consideration to make high availability
even more affordable.
"iTera's Echo2 High Availability solution is known for its remarkable
usability and for removing the barriers of entry for thousands of
organizations who could not manage traditional HA solutions," Dan NeVille
continued. "Vision's ORION led the market internationally and has captured
a leading market share in IBM's very large enterprise accounts and our
combined strengths will yield unprecedented benefits for all
organizations."
With the commitment to continual improvement and support of current
solutions, the Company will release enhanced technologies on schedule in
the first quarter of 2007, as well as provide a detailed roadmap of their
combined platform.
About Vision Solutions
Recently merged with iTera, Vision Solutions, Inc. is the leading provider
of high availability, disaster recovery and data management solutions for
the System i market. IBM's largest high availability Premier Business
Partner, Vision Solutions is a recognized System i solutions leader with
more than 2,700 customers and 12,000 licenses worldwide. The Company works
closely with an international network of channel partners and IBM to
deliver its industry-leading software, along with a powerful portfolio of
services and support for protecting mission-critical applications and
information from planned and unplanned downtime. Privately held by Thoma Cressey Equity Partners,
Vision Solutions has corporate offices in Irvine and Salt Lake City, with
offices worldwide. Visit us at www.visionsolutions.com and www.iterainc.com
or call 800.957.4511.