SunGard Arm Acquires Inflow

• By theWHIR.com , November 18, 2004

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November 18, 2004 -- (WEB HOST INDUSTRY REVIEW) -- SunGard Availability Services (availability.sungard.com), a provider of information availability services and subsidiary of SunGard (sungard.com), a developer of software and business continuity solutions for the financial services industry, announced on Wednesday that it has acquired Colorado-based Inflow (inflow.com), a provider of Web hosting, colocation and IT outsourcing services.

After the acquisition is complete, SunGard will be serving more than 10,000 customers in over 3.5 million square feet of data center space. Inflow currently operates 14 data centers across the United States. SunGard said the acquisition will give Inflow customers access to a much broader range of business continuity and dedicated high availability services to support their IT requirements.

According to SunGard, the acquisition is expected to close in the first quarter of 2005. Financial terms of the deal were not disclosed.

"Inflow is a growing company and we eagerly look forward to working with its employees and customers. SunGard Availability Services' mission is to provide our customers access to their important business functions: whether always on, within minutes, hours or even days depending on the criticality of their process," says Jim Simmons, group chief executive officer of SunGard Availability Services. "By adding Inflow's managed service expertise to our substantial infrastructure, we will be able to provide even more comprehensive solutions to customers in a greater geographic footprint."

The acquisition comes on the heels of SunGard's announcement, in early October, of plans to spin off its availability services business from its software and processing business.

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