Denver, CO — (Business Wire) — SunGard
Availability Services, an operating group of SunGard (NYSE: SDS),
announced today that it has reached a definitive agreement to acquire
Denver-based Inflow, Inc. The acquisition shall be in the form of a
merger with Inflow, Inc. The acquisition is expected to be finalized in
the first quarter of 2005. There will be limited operational changes as
Inflow’s team, known for their superior service delivery, will continue
its Denver network operations center and IDC operations in its existing
SunGard Availability Services is a leading provider of information
availability services with more than 10,000 clients predominantly in
North America and Europe. SunGard manages over three million square feet
of hardened facilities and offers a complete range of information
availability services. Whether always on, dedicated high availability
solutions or less time sensitive requirements, SunGard Availability
Services has a complete portfolio of managed IT, business continuity and
professional services to help ensure customers solutions are secure,
reliable and compliant.
Art Zeile, Inflow’s CEO, commented: “This merger is an excellent
combination for our customers. Inflow is an application hosting and
managed services company that has been moving steadily into business
continuity services. SunGard is the acknowledged market leader in
business continuity services and has been strengthening its managed
services capabilities. The merging of these two companies will provide
Inflow’s customers an even larger breadth of business continuity and
professional services, global operating locations, an extraordinary
brand and financial depth.”
“This is a remarkable time for our industry because both mission
critical application transactions and data storage are growing in size
and demand. Inflow is excited to be part of an industry leader to help
customers manage both aspects of their business,” Mr. Zeile said.
“Inflow will continue its intense focus on the customer. A shared
commitment to customer satisfaction, along with Inflow’s reputation for
superior quality of service, process control and a complementary
geographic footprint is what attracted SunGard Availability Services to
Inflow,” stated Mr. Zeile.
Inflow was advised in this transaction by Credit Suisse First Boston LLC and Holme, Roberts & Owen LLP.
Inflow, Inc. was founded in 1997 and is headquartered in Denver,
Colorado. Inflow is an ISO 9001:2000 certified provider currently
serving more than 950 customers from its network of 14 data centers
across the United States. Leveraging its expertise in application,
network, and datacenter management, the company is able to deliver
reliable, secure, scalable, and cost-effective outsourcing solutions.
Core services are offered within Inflow’s three primary lines of
business: Application and Infrastructure Management, Business
Continuance/Disaster Recovery, and IT Consulting. Inflow’s solutions
help customers increase revenues, decrease costs, and enhance
productivity. For more information on Inflow, please visit www.inflow.com.