AmeriVault Acquired by PHNS

WALTHAM, Mass. -- AmeriVault (www.amerivault.com) a recognized leader in remote online data backup, offsite recovery services, email archiving, and data lifecycle solutions – today announced its acquisition by PHNS, an information technology and business process service provider focused on the healthcare industry.

In 1998 AmeriVault pioneered disk-based online backup, founded on the premise that tape solutions were faulty and inefficient, and put businesses at risk. Today, AmeriVault continues to combine best-of-breed software, industry-leading hardware, world-class data centers and expert customer support to deliver secure offsite data protection and recovery services with the highest reliability. Solutions are designed to satisfy recovery point and time constraints, archiving requirements and compliance demands, while maximizing efficiency through automation and hardware-free processing. Since its inception, AmeriVault has experienced double-digit growth year-over-year, which has resulted in honors by both the Boston Business Journal and Inc. 5000 for their lists of Fastest Growing Companies.

AmeriVault will operate as a PHNS subsidiary together with PHNS’ Network Technology Group subsidiary (NTG), which also provides electronic data protection services as well as advanced data center information technology services. AmeriVault will operate with Bud Stoddard, AmeriVault’s president, continuing as president and with AmeriVault’s management and employees remaining in their current positions. AmeriVault and NTG together will service over 1,270 customers throughout the United States with AmeriVault continuing to operate from its headquarters in Waltham, Massachusetts.

“AmeriVault is one of the most highly regarded companies offering electronic data protection services to small and medium sized businesses, and we’re very excited to combine AmeriVault’s data protection business with NTG’s data protection business,” said Scott Thompson, President of PHNS’ subsidiary, NTG. “We’re very pleased that AmeriVault’s strong management and employee team will join with us to continue to offer outstanding customer service and a broad array of electronic data protection services to businesses at a reasonable cost.”

AmeriVault Corp.