SunGard Availability Services acquires Inflow
18 November 2004 | 4946 views | 0
SunGard Availability Services has signed a deifinitive agreement to acquire Inflow, a Denver-based provider of application hosting and business continuity services. Financial terms of the deal were not disclosed.
Inflow operates a network of 14 data centres across the US and has 950 customers.
The acquisition will be in the form of a merger and is expected to be finalised in the first quarter of 2005.
Art Zeile, Inflow's CEO, says the merger will provide Inflow customers a larger breadth of business continuity and professional services and global operating locations.
SunGard said last month it was going to spin-off its availability services business into separate publicly traded company.