ManagedStorage International, Inc.

MSI Retains Innovation Advisors for Acquisition Activity

    BROOMFIELD, CO (ots) - ManagedStorage International, Inc. (MSI) announced today that they have retained the investment-banking firm of Innovation Advisors (IA) to assist and advise the company on strategic acquisitions. MSI is interested in pursuing additional transactions in the storage outsourcing market after its $22 million infusion of capital by Tudor Ventures, Great Hill Partners, and J.P. Morgan Fleming Asset Management. Furthermore, the company recently completed an acquisition of the DataVault storage services business of Sanrise, Inc.

    MSI provides data protection services to hundreds of customers throughout the US, UK, France, and Japan, and is continuing to grow the number of businesses they serve, as well as expand their service capabilities. Today, MSI provides a wide array of outsourced solutions that protect mission-critical data for large and small companies. Services include the monitoring and management of primary disk, enterprise tape, NAS and SAN environments, as well as backup and restore services.

    "MSI is interested in acquiring companies or assets related to the outsourcing of storage services in the US as well as Europe. More specifically, we will continue to search for Storage Service Providers that, when acquired, will leverage the efficiencies of the combined businesses along with MSI's strong balance sheet," said Thomas P. Sweeney, III, president, CEO, and chairman of the board for ManagedStorage.

    MSI will expand its target to include divisions of larger hosting and managed service providers that require storage services as part of their complete service line and can benefit from the lower cost of operation and higher service levels available through MSI. These transactions could include the purchase of the underlying storage assets and the creation of turnkey outsourcing contracts, enabling the service providers to focus on running their business, and eliminating capital requirements for storage assets moving forward.

    "We are well-positioned to continue our growth both organically and through strategic alternatives. Selecting Innovation Advisors was a natural choice due to their knowledge of our business, their successful completion of a large equity round for the company, and their significant experience in all types of M&A work," Sweeney continued.

    Innovation Advisors previously assisted the company in raising $22 million in equity funding in January 2003. As an investment-banking firm that combines extensive technological operating knowledge with a broad set of Wall Street experience, the partners of IA have demonstrated success in helping companies grow through acquisitions.

    "Tom and his team have a clear vision for rapidly accelerating MSI's growth, through internal and external initiatives," said Doug Brockway, managing director of Innovation Advisors. "We are very enthusiastic about the opportunity to assist the company with an acquisition growth strategy, leveraging the capital we helped raise earlier this year."

    About ManagedStorage International:

    MSI is a provider of outsourced data protection and storage management services to enterprise and service provider customers in the US, UK, France, and Japan. MSI uses its proprietary GridWorks management system to deliver guaranteed data management and data protection services across all types of storage systems both onsite and remotely. The company was formed in March 2000 and is privately held. MSI is headquartered in Broomfield, Colorado. For a complete description of ManagedStorage services and a list of partners, visit the company's website at www.managedstorage.com.

    About Innovation Advisors:

    Innovation Advisors provides investment banking services to middle- market technology companies. IA was built by a seasoned team of executives, averaging over 20 years of experience, combining extensive technology operating knowledge with broad Wall Street expertise. The firm can assist a company in an analysis of current operating strengths and weaknesses, provide advice for decisions regarding the company's direction, and offer investment banking services to successfully execute M&A or fulfill capital-raising needs as part of the company's strategic plan. The IA team has closed over 60 M&A transactions totaling in excess of $4 billion, while also raising $4 billion of capital in more than 50 transactions. The firm is focused on providing expert advice and superior service to help clients maximize value. Additional information on IA can be obtained at the firm's website: www.innovationadvisors.com.

ots Originaltext: MSI
Internet: www.newsaktuell.ch

Contact:
Kevin Thomas
MSI
Phone: +1/720/566-5083
Email: kevin.thomas@managedstorage.com

Doug Brockway
Innovation Advisors
Managing Director
Phone: +1/781/890-2422
Email: dbrockway@innovationadvisors.com



Weitere Meldungen: ManagedStorage International, Inc.

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