ETI-NET Subsidiary Completes the Acquisition of Virtual Tape System (VTS) and SPHiNX Products

MONTREAL, QC--(Marketwired - Mar 22, 2016) - ETI-NET, the worldwide leading provider of backup systems for industries that never stop, completed today the acquisition of Virtual Tape System (VTS) and Sphinx products for backup, data protection and disaster recovery. The acquisition includes VTS and SPHiNX software, intellectual property, research and development, customer contracts and support agreements.

The acquisition was made by a wholly-owned subsidiary of ETI-NET and broadens the depth of solutions ETI-NET is able to offer large enterprises as they migrate from physical to virtual tape technology.

"ETI-NET is widely recognized for innovative product design and impeccable customer service," observed Andrew Hall, Chief Executive Officer of ETI-NET. "We are absorbing the functionality of VTS and Sphinx to broaden our access to enterprise server markets and provide incremental technology for our next-generation initiatives in backup, data protection and disaster recovery."

About ETI-NET

Since 1987 ETI-NET has earned a reputation for delivering backup software solutions to major data-centers globally. Hundreds of the world's largest companies rely on ETI-NET for their specialized expertise, impeccable track record in product evolution, and overall culture of excellence. Visit www.etinet.com.