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Press Release - 08/20/2007
Helio Solutions and
Incentra Solutions Drive Synergy in the Channel
Community
SANTA CLARA, CA, August 20,
2007
–
Helio Solutions, Inc., a
premier provider of IT and data center solutions,
announced today that it will become a wholly-owned
subsidiary of Incentra Solutions. Helio Solutions will
continue to provide its customers with a comprehensive
portfolio of products and services, complemented now by
Incentra’s extensive managed services, multi-vendor
first call support services, and IT assessment
offerings. Helio Solutions will
operate from its current locations in
Santa Clara, San Jose, San Francisco, Los Angeles, and
San Diego, CA; and Scottsdale, AZ.
The acquisition will add a staff of 60 professionals
and more than 350 customers to Incentra’s existing
operations, and Helio Solutions’ president Dave
Condensa
will remain with the business and report directly to
Incentra Solutions President and Chief Operating
Officer Shawn O’Grady.
Incentra Solutions Chairman and CEO Thomas P.
Sweeney said that acquiring Helio Solutions will
significantly strengthen Incentra’s presence in
California and Arizona. The acquisition is another
important step in the Company’s strategy
to rapidly grow revenues by acquiring systems
integrators with existing direct sales organizations
serving the enterprise market. With the addition of
Helio Solutions’ revenue, Incentra is well
positioned to enter 2008 with an annual revenue run
rate of more than $200 million.
"In
addition to the investments we are making in organic
growth, as we have previously demonstrated we will
continue to seek strategic opportunities to grow
through acquisition, when appropriate,” Sweeney
said. “Helio Solutions brings to Incentra
experienced management and an excellent professional
staff with a successful track record. With its
large base of well established customers, it meets
our strategic goal of providing significant
opportunities to increase sales of our value-added
services including First Call and Enhanced First
Call support services, professional services and our
GridWorks remote monitoring and management system."
Dave Condensa said, “Joining Incentra Solutions is a
significant move for our employees and our customer
base. It not only creates attractive career
opportunities for our professional staff, it adds
critically important service offerings to our product
line to help solve our customer’s growing data
management requirements. The entire Helio Solutions’
organization is very excited about becoming part of
Incentra for we believe this business combination
positions the Company as the most complete provider of
IT products and value added service solutions on the
west coast.” About Helio Solutions
Helio
Solutions is a premier provider of IT and data center
solutions for all sized companies, ranging from
technology-centric businesses to Fortune 1000 companies.
Helio Solutions provides unparalleled products and
expertise to deliver highly available, high-performing
data center solutions that maximize its customers’ IT
investments and meet short- and long-term business
needs. Helio Solutions is headquartered in Santa Clara,
CA with offices in San Jose, CA; San Francisco, CA; Los
Angeles, CA; San Diego, CA; and Scottsdale, AZ. For more
information, call 866-44-HELIO or visit
http://www.heliosolutions.com. About Incentra Solutions, Inc
Incentra Solutions, Inc.
(www.incentrasolutions.com)
(OTCBB:ICNS) is a provider of complete IT & storage
management solutions to enterprises and managed service
providers in North America and Europe. Incentra’s
complete solution includes managed services,
professional services, hardware and software products
with the Company’s First Call and Enhanced First Call
support services, IT outsourcing solutions and financing
options. |
