VeriCenter to Acquire Managed Web Hosting Services Provider Agiliti

April 14, 2005
April 14, 2005 - (HOSTSEARCH.COM) - Agiliti, Inc. announced today that it has sold its managed hosting business to VeriCenter, a Houston based provider of IT infrastructure and managed services. VeriCenter will issue preferred stock in exchange for substantially all of Agiliti’s assets and will also assume the outstanding debt of the company. There will be limited operational changes as VeriCenter will retain Agiliti’s team to operate its Minneapolis/St. Paul managed hosting and data center operations. In addition, Agiliti’s professional services team has been spun off to form a new company focused on providing IT integration consulting services.

VeriCenter is a leading provider of IT infrastructure and managed services with more than 250 customers. VeriCenter offers a comprehensive range of secure, reliable, enterprise-level IT operational services, and manages over 400,000 square feet of Tier 1 data center facilities in Atlanta, Boston, Denver, Dallas, and Houston. VeriCenter’s OpCenter™ solutions help maintain and improve all levels of enterprise service and support while extending IT departments’ in-house capabilities.

VeriCenter customers rely on the company’s expertise for hosting, security, monitoring, OS & database administration, and storage & tape backup services. VeriCenter is among the fastest-growing companies in the IT services industry, having registered 18 consecutive calendar quarters of sequential revenue growth. In 2004, VeriCenter had $38.4 million in total revenue, up from $9.8 million in 2003.

Tom Kieffer, Agiliti’s CEO, commented, “This merger is an excellent combination for our customers. As a result of our application hosting and Software as a Service initiative, we have been expanding our business nationwide. VeriCenter’s market presence and leadership in enterprise hosting and managed services is a great benefit to these efforts. The merging of these two companies will provide Agiliti’s customers a greater breadth of solutions, increased service and support resources, a nationwide network of data centers, and financial strength.”

Gray Hall, CEO of VeriCenter, said “This is an exciting time for our industry as demand for managed services and IT infrastructure outsourcing continues to grow rapidly. Agiliti has a strong and respected presence in the Twin Cities market. I am excited about adding Agiliti’s operations to our national portfolio of data centers and managed services solutions. I am equally excited about the quality of the Agiliti team and the contributions they will make to providing outstanding customer service.”

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