Acquisition Marks VaultLogix Continued Customer Expansion
April 09, 2012
Danvers, MA – VaultLogix, a privately held online backup company, today announced the acquisition of DataPreserve, an online backup service provider. The acquisition provides VaultLogix with incremental revenues and market share while providing DataPreserve with a rewarding exit strategy.
VaultLogix’s organic growth, complemented by the addition of DataPreserve’s customers, increases the number of VaultLogix business clients to over 7500 worldwide. The purchase continues to demonstrate the VaultLogix commitment towards customer growth through new sales, reseller partnerships, and acquisitions of online backup service providers.
“DataPreserve has been a respected online backup provider for many years,” said Tim Hannibal, CEO and Founder of VaultLogix. “The addition of DataPreserve’s customers is a natural progression for VaultLogix, and shows our continued willingness to offer online backup companies like DataPreserve an exit strategy that is a win-win for both sides.”
DataPreserve customers will immediately benefit from the VaultLogix 24×7 business-class service and support offerings. The acquisition was finalized in early April, 2012 and completes the sixth online backup provider acquisition within 5 years for VaultLogix.
VaultLogix specializes in providing businesses with complete online backup and data protection services. Founded in 2002, the company offers three distinct products to meet businesses’ data protection policy and regulatory requirements. VaultLogix sells directly to customers and provides complete online backup services in support of VARs, MSP’s, and IT consultants.