SOURCE: Vision Solutions

November 06, 2007 08:56 ET

Vision Solutions Reports Impressive Results

Company Expects to Close 2007 With Higher Than Anticipated Earnings and Sales

IRVINE, CA--(Marketwire - November 6, 2007) - Vision Solutions®, the leading provider of high availability and disaster recovery solutions in the IBM® System i and System p markets, today announced record results following the acquisition of Lakeview Technology including a significant increase in sales volume.

Since the acquisition, Vision Solutions closed more than 1,000 new sales of high availability, disaster recovery, and data management software -- more than 400 of these sales are to new customers. Approximately 60 percent of these new sales are within the fast growing, small-to-medium business segment. Chief Executive Officer Nicolaas Vlok pointed to Vision Solutions' success in converging cultures, continuing excellence in customer service, and capitalizing on expertise throughout the growing Company.

"By combining collective talents throughout our organization, we're set to expand more than ever on a global level and meet our customers' needs no matter their size." Mr. Vlok continues, "The Lakeview acquisition not only expands our product offerings, it establishes our position as the global leader for System i and System p high availability. This is an opportune time as we believe the stage is set for significant growth."

"We've achieved remarkable results in all areas of the global market -- from Asia Pacific, Europe and the Americas," adds Don Scott, executive vice president and CFO of Vision Solutions. "Not only did we realize strong top-line performance, we also realized an increase in profitability as well. Our balance sheet strengthened over the period and we've seen an enhanced positive cash flow."

"Our strong performance throughout the year represents more than 300 million dollars of IBM hardware sales influence, substantiating Vision Solutions as IBM's premier business partner for high availability," adds Ed Vesely, senior vice president for worldwide marketing at Vision Solutions.

While continuing to develop and support all current products, Vision Solutions is cultivating a combined HA platform that will bring exceptional value to both current and new clients.

"We're enjoying tremendous synergies within our product development and research teams," adds Executive Vice President and Chief Technology Officer Alan Arnold. "Several new products and enhancements are in the works that will further increase reliability, usability, self-healing, performance, scalability and backwards compatibility."

Vision Solutions' executive management team anticipates strong growth in the coming years by investing in fundamental strengths, increasing efficiencies and capitalizing on the organization's combined talent. The Company continues to experience significant traction within the AIX market as well through innovative solutions combining the benefits of any-point-in-time recovery through continuous data protection (CDP) with traditional replication technologies.

"Throughout the world, Vision Solutions is taking high availability, disaster recovery, systems management and data management technologies to a new level through many ease-of-use and self-healing features that make it possible for companies of any size to protect and manage data with very little user intervention," concludes Alan Arnold. "When one combines this with our commitment to continual improvement and support, our technologies are positively reshaping the System i and System p infrastructure software industry."

About Vision Solutions

Vision Solutions, Inc. is the world's leading provider of high availability, disaster recovery and data management solutions for the IBM® System i and System p markets. With a portfolio spanning the industry's most innovative and trusted HA solutions from ORION™, MIMIX® and iTera™ brands, Vision keeps critical businesses information continuously protected and available. Affordable and easy to use, Vision products help to ensure business continuity, increase productivity, reduce operating costs and satisfy compliance requirements. Vision also offers advanced cluster management and systems management solutions, and support for i5/OS®, Windows®, and AIX® operating environments. As IBM's largest high availability Premier Business Partner, Vision Solutions oversees a global network of business partners and services and support professionals to help our customers achieve their business goals. Privately held by Thoma Cressey Bravo, Inc., Vision Solutions is headquartered in Irvine, California with offices worldwide. For more information visit www.visionsolutions.com or call 800.957.4511.

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