Extends Data Center and Managed Services Presence into the Connecticut Marketplace
MARLBOROUGH, Mass., June 23, 2010 — Access Northeast, a leading New England Data Center and Managed Services Provider, announced today that it has acquired the hosting division of RezZiliant Inc. of Waterbury, Connecticut.
With the acquisition of RezZiliant hosting and their two Data Centers in Waterbury and Hartford, Connecticut, Access Northeast now leases and operates four facilities throughout New England totaling over 40,000 square feet of space. The additional Connecticut Data Centers will assist Access Northeast with the expansion of their Parthenon Cloud footprint for customer replication and disaster recovery services.
"With the acquisition of RezZiliant's Connecticut Data Center operation, Access Northeast has significantly increased the number of clients whom we can now service throughout New England," said Rob Stephenson, Access Northeast's CEO. "Our Massachusetts enterprise customers will have access to geographically diverse facilities, allowing them to house redundant systems for ease of management across a single Access Northeast network. Additionally, they'll have access to another Parthenon Cloud virtualization node from which to deploy primary or secondary applications."
"After much deliberation, we selected Access Northeast as RezZiliant's Data Center partner for the divestiture of our managed hosting division in Connecticut," said Mark Golino, RezZiliant President and CEO. "This deal allows us to concentrate on our rapidly growing healthcare software offering for hospitals and medical providers, while allowing Access Northeast to run our Data Center hosting business – a business they exclusively focus upon."
Under the terms of the deal, Mr. Golino has signed a long-term contract to remain as both a consultant and a customer of Access Northeast. Access Northeast will retain the majority of RezZiliant hosting personnel, with other technical resources remaining at the RezZiliant software division.
Market Penetration
The abundant resources of Access Northeast's Marlborough, Massachusetts Network Operation Center (NOC) will enable Connecticut customers to receive enhanced managed services' offerings such as backup & storage, advanced network monitoring, Parthenon Cloud Computing, disaster recovery seats & offices, Wide-Area-Networking (WAN) Management, Metro-Ethernet and more. The acquisition will also provide Access Northeast with an expanded Data Center footprint for attracting customers in the major metropolitan markets throughout the East Coast.
Access Northeast's financial partners include Bay Capital Advisors of Providence, RI and Spring Capital Partners of Baltimore, MD, who together provided $5.7 million in growth capital financing to the company in late 2009.
About Access Northeast
Access Northeast specializes in Colocation, Managed Services, Parthenon Cloud Virtualization, Disaster Recovery and WAN Solutions. The company's state-of-the-art, raised floor Data Center, NOC & Disaster Recovery Facility is located in Marlborough, Massachusetts, near the junction of Routes 495 and the Mass Turnpike (Route 90), thirty miles west of Boston, Massachusetts at the heart of New England. To learn more about Access Northeast, please visit http://www.accessnortheast.com
About RezZiliant
RezZiliant, Inc is a transcription company that puts a focus on providing software and services to Hospitals, Physician Practices, Radiology Groups and Clinics to speed, enhance and reduce the cost compared to the current way they capture information. Our goal is to reduce your transcription and documentation time and costs – with innovative Web-Based technologies and services that are easy to use and inexpensive. .
About Bay Capital Partners (BCA Mezzanine Fund)
BCA Mezzanine Fund was established in 2007 to invest in U.S.-based private companies, typically with sales from $5 million to $75 million. BCA was founded on the belief that the U.S. banking consolidation and the emergence of larger debt funds have made it more difficult for smaller, successful companies to access capital. BCA makes investments of subordinated debt and equity from $1 million to $10 million per investment. The principals have over 50 years of experience in working with entrepreneurs, family-owned companies, and private equity sponsors on private capital investing, commercial banking and investment banking.
About Spring Capital Partners
Spring Capital Partners was established in 1999 to provide capital to growing businesses and currently has $185 million invested or under management. Collectively, the principals of Spring Capital have decades of experience in venture capital, commercial banking, investment banking, operating management and entrepreneurship. Spring Capital's portfolio companies represent investments across a broad range of industries, including technology services and software, business services, manufacturing, healthcare and consumer products.
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