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INX Acquires AccessFlow, Inc., a Leading VMware Virtualization Consulting Organization
INX, Inc. (NASDAQ:INXI) announced today that it has acquired the operations of AccessFlow, Inc., (AccessFlow) a Sacramento, California-based focused, expert consulting organization focused on delivering VMware-based virtualization solutions.

AccessFlow is an award winning VMware Premier & Gold Certified VAC Partner and is one of the first VMware partners experienced in VMwares new Site Recovery Manager product, expected to be available later this year. The company currently has 30 employees of which 17 are solutions engineers.

Commenting on the transaction, James Long, INXs Chairman & CEO said, As we have been communicating to INX stockholders over the past eighteen months, one of INXs key growth strategies is to expand into a very few, very select adjacent and complementary technologies. This is part of our strategy to capitalize on the increasing interrelation of the IP network with data center technology. Our initial entry into the data center market was through the addition of a focused network storage solutions practice over eighteen months ago, and this new practice area grew over 240% in 2007 to make up over 4% of total 2007 revenue. Virtualization is highly adjacent, from a technology perspective, as well as highly complementary, to both the data center network solutions and data center storage solutions that we provide. As we chose to work with Cisco Systems, the leader in enterprise network infrastructure and unified communications technology when we created an expert solutions provider focused on delivering those types of solutions eight years ago, we wanted to work with VMware, the industry leader in virtualization technology as we now expand into the market for virtualization solutions. The trend towards the virtualization of data center servers is rapidly changing how data centers are designed and operated, and our customers are seeking resources to help them take advantage of all of the benefits that virtualization has to offer. With the AccessFlow acquisition, INX is adding a very complementary focused virtualization practice area with one of the leading groups of technical talent in the virtualization space, and firmly establishing a strong presence in the market for server and data center virtualization.

Steve Kaplan, President and CEO of AccessFlow, Inc., commented, I am excited to join the INX team and believe the addition of Access Flows resources and growth of a data center virtualization practice will be transformational to the customer base of INX. Customers are looking for solutions organizations that can assist them in designing and implementing data center architecture that is flexible and reliable. Data center architecture that combines core network infrastructure, storage and computing resources all in a virtualized environment allows a customer to maximize the flexibility of their data center resources while at the same time improving the reliability of the infrastructure. Mr. Kaplan will join INX as Vice President of INXs Data Center Virtualization practice.

Mark Hilz, President and COO of INX, commented, AccessFlow has a reputation for providing thought leadership in the area of virtualization. They were an early VMware partner and have really lead the market in terms of showing customers the many benefits and capabilities of VMware. With the acquisition of AccessFlow, INX is adding one of the leading focused VMware virtualization consulting and solutions providers in the U.S., placing INX solidly into the data center virtualization market segment. We intend to aggressively leverage this capability into our other regions across the United States as well as into our federal customer business unit.

The acquisition closed on June 6, 2008, and was structured as a purchase of the ongoing operations of AccessFlow by INX. INX expects the transaction to be accretive to per-share earnings for the 12-month period following the transaction.

Published Monday, June 09, 2008 9:35 PM by David Marshall
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