VaultLogix™ Announces Asset Acquisition of Utility Backup Solutions

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VaultLogix Continues Online Backup Leadership with Addition of Online Backup Provider

VaultLogix is focused on providing the right online backup solution for each of our customers

VaultLogix, the leading provider of secure, reliable, online backup and recovery capabilities for business data at a cost-effective price point, today announced it has completed the acquisition of certain assets of Utility Backup Solutions, a leading provider of secure online backup and recovery. Today’s announcement increases VaultLogix’s customer base for its Internet Vault Live online backup service.

With the addition of Utility Backup Solutions clients, VaultLogix now services over 5000 business clients worldwide. VaultLogix offers complete online backup solutions, either through its own proprietary solution, Internet Vault Advantage, or through existing relationships with third-party online backup software providers. By supplementing its own offering with those of other software providers, VaultLogix is able to ensure the best online backup solution for any business, regardless of their internal configurations and heterogeneous platform needs.

“VaultLogix is focused on providing the right online backup solution for each of our customers,” said Tim Hannibal, CEO and President for VaultLogix. “We evaluate the customer’s disaster recovery needs and design a solution that fits that customer’s requirements, all at a cost-effective price point. It is one of the reasons we are confident that we can continue to build our lead in offering the best online data protection solutions in the market.”

The acquisition of Utility Backup Solutions closed in September 2011 and VaultLogix expects the acquisition to be accretive to its revenue results as well as generating significant cost savings on a go-forward basis. Financial details of the acquisition are not being released.

About VaultLogix

VaultLogix assists businesses in securing their most critical corporate assets – their data. VaultLogix’s unique online backup service safeguards important information through an agentless and automated process that sends data securely to multiple locations. In addition to providing the features which businesses require, VaultLogix also delivers industry-leading solutions for offsite backup service support, billing, marketing and integration for VAR’s, MSP’s and IT Consultants.

For more information, visit http://www.dataprotection.com or call 1-877-VAULTLOGIX (877-828-5856).

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Shane Arnold
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