Nuvo Network Management Inc.
TSX VENTURE : NVO

Nuvo Network Management Inc.

August 27, 2007 08:02 ET

NUVO: Fortune 100 Customer Expands Contract

Adds over 750 servers

OTTAWA, ONTARIO--(Marketwire - Aug. 24, 2007) - NUVO Network Management Inc., (TSX VENTURE:NVO), a leading managed services provider of solutions that MAXimize IT availability and performance, today announces a 37% expansion of its server management contract with a large Fortune 100 customer.

NUVO has deployed the 750 additional servers and is now providing 24x7 remote server monitoring and problem management for over 2,750 servers located throughout North America and Europe, a 37% increase from the original contact for 2,000 servers awarded to NUVO in 2006.

NUVO is providing a full life-cycle service for these servers, including problem monitoring, performance monitoring, problem management and change management. In addition, NUVO is providing consultative engineering services to assist the organization with performance management analysis, capacity planning and software migration. NUVO is providing these services remotely from its secure operation center in Ottawa.

"This latest expansion further demonstrates our ability to provide exceptional service to our customers", said Phil Weaver, NUVO's President and CEO. "This customer requires high availability of their servers to operate their business and they need a supplier that demonstrates effective management of problems and provides them with the maximum system availability possible. We are very pleased with this expansion and the confidence that our customers have in our ability to provide exceptional service."

About NUVO

NUVO provides remote management and protection of IT infrastructures for businesses worldwide to maximize the availability of their computing infrastructure. NUVO enables our customers to excel by delivering fully integrated, proactive management software, services and business data. This provides the critical information needed for effective analysis and decision-making to maximize performance and control costs. NUVO achieves this through certified experts, best-of-class technology, deep integration, highly automated processes, and best practices in a 24x7, resilient infrastructure. www.nuvo.com.

Forward Looking Statements

This press release contains forward-looking statements that involve significant risks and uncertainties. The actual results, performance or achievements of the Company might differ materially from the results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such forward-looking statements include, without limitation, those regarding the estimated aggregate revenue that may be earned by the Company under the contract. The contract value in this release is based on current information available and we can provide no assurance that the total payments received under the contract will not be changed or be reduced over the life of the contract. For a more detailed discussion of related risk factors, please refer to our public filings available at www.sedar.com

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

Contact Information

  • NUVO Network Management Inc
    Eric Stevens
    Director, Marketing
    613-726-5017
    estevens@nuvo.com