Vault USA Acquires MoreStor Online Backup Offering From More Group
The deal coincides with the acquisition of More Group by Forsythe
This is a Press Release edited by StorageNewsletter.com on May 3, 2008 at 3:45 pmOnline data backup and disaster recovery solution provider Vault USA 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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