Data393 Acquired

ENGLEWOOD, Colo. -- Managed Data Holdings, an operator of state-of-the-art data centers, announced today that is has acquired Data393, a leading provider of managed hosting, colocation and IT infrastructure located in the Denver Tech Center.

As the demand for IT infrastructure service continues to grow, our search for a buyer with sufficient capital and industry experience to continue Data393’s long term growth strategy and data center expansion led us to select Managed Data Holdings,“ said Lee Woodward, CEO and President of Data393. “This transaction will allow Data393 to continue its rapid growth and bring additional data center capacity online in early 2008.”

“Managed Data Holdings is pleased to add Data393 to our growing base of SAS70 Type II data centers,” said Peter Stevenson, Chief Executive Officer of Managed Data Holdings. “We are focused on delivering the services that small to medium-sized businesses and enterprise customers need through our network of data centers, and Data393’s proven ability to provide those services made it a perfect fit. We believe that moving forward immediately with the expansion of available high density, raised-floor capacity at Data393 and offering customers diverse, multi-site solutions are important additions to an already excellent brand in the marketplace.”

Data393 Inc.