Vault USA Acquires MoreStor Vault Online Backup and Recovery Offering
Acquisition includes over 500 clients currently relying on service
Contact:
Angie Henderson Moncada
amoncada@addventures.com
401-453-4748 or 401-523-5706
(May 01, 2008 - Middleboro, Mass.)
Simultaneous to the acquisitions, Forsythe has signed an agreement to become a Vault USA service provider, meaning they will offer Vault USA’s solutions not only to the More Group customers that currently utilize the service, but also to their North American customer base.
“This is an incredible move not only for the companies involved,” says Vault USA CEO Thomas M. Gelson, “but also for the 500 plus MoreStor Vault customers who will now experience a new level of excellence with the Vault USA service model.”
“We are very pleased about our new partnership with Vault USA,” says Forsythe president and CEO William P. Brennan. “The need for secure, recoverable, easy-to-manage information storage is a given these days. We welcome the opportunity to offer the Vault USA model to our customers who benefit from storing and protecting their information via online backup and disaster recovery.”
Terms of the acquisitions were not disclosed.
The acquisition of MoreStor Vault comes just over a month after Vault USA’s launch on April 1, 2008, at the Disaster Recovery Journal Spring World 2008 in Orlando, Florida.
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Online data backup and disaster
recovery solution provider Vault USA today announces its acquisition of
MoreStor Vault, an online backup and recovery service offering launched
by More Group, Inc. The deal coincides with the acquisition of More
Group, Inc., by Forsythe Solutions Group, an industry leading IT
infrastructure integrator.
Simultaneous to the acquisitions, Forsythe has signed an agreement to become a Vault USA service provider, meaning they will offer Vault USA’s solutions not only to the More Group customers that currently utilize the service, but also to their North American customer base.
“This is an incredible move not only for the companies involved,” says Vault USA CEO Thomas M. Gelson, “but also for the 500 plus MoreStor Vault customers who will now experience a new level of excellence with the Vault USA service model.”
“We are very pleased about our new partnership with Vault USA,” says Forsythe president and CEO William P. Brennan. “The need for secure, recoverable, easy-to-manage information storage is a given these days. We welcome the opportunity to offer the Vault USA model to our customers who benefit from storing and protecting their information via online backup and disaster recovery.”
Terms of the acquisitions were not disclosed.
The acquisition of MoreStor Vault comes just over a month after Vault USA’s launch on April 1, 2008, at the Disaster Recovery Journal Spring World 2008 in Orlando, Florida.
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About Vault USA
Vault USA is the nation’s premier business continuity tool for online
data backup and disaster recovery. Through its network of local service
providers, disaster recovery centers, and immediate secure access to
data in the event of a disaster, Vault USA promises secure online
storage, fast data recovery, and steady business in today’s uncertain
world. Vault USA is employee-owned and financed with headquarters at
16 Commerce Boulevard, Middleboro, Massachusetts.
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