World Data Products Acquires Infinity Data Solutions, Leading Provider of Certified Storage Tape and Data Eradication Services
(Marketwire Via Acquire Media NewsEdge) MINNETONKA, MN -- (Marketwired) -- 10/31/13 --
World Data Products, Inc. (WDPI), a leading independent provider of on-demand new and OEM-quality refurbished IT hardware including servers, storage and networking equipment, announced today that it has acquired Infinity Data Solutions, LLC (IDS), a leader in certified magnetic media tape and data eradication.
IDS, which provides a variety of differentiated data center products and services, specializes in the data eradication and certification of magnetic media tape. The company's industry-leading processes ensure that each tape is error-free and surpasses new tape performance, while providing customers significant cost savings compared to buying new.
Other data center services offered by IDS include data migration, labeling and initialization services, data center relocation and migration, magnetic tape cleaning, tape library audits, asset recovery, high security data transportation, and tape buy back.
"We are very excited about the opportunity to partner with IDS and increase our growing presence in the data storage market," said Neil Vill, WDPI's President and Chief Executive Officer. "This investment represents an important strategic opportunity to combine two industry-leading brands to offer a comprehensive range of IT hardware, certified media, repair and data center solutions that are customizable to each customer's unique needs."
"We look forward to being part of WDPI," said Jim Coffey, President of IDS. "We recognize significant synergies between our two organizations and believe that together, our complementary offering will help expand the company's market presence and increase its reach."
IDS will relocate its operations in early 2014 from Omaha, Neb., to WDPI's headquarters in Minnetonka, Minn.
WDPI is a portfolio company of Prospect Partners, LLC, a Chicago-based private equity firm focused on investing in niche market leaders.
About World Data Products, Inc. (WDPI): Founded in 1987, World Data Products, Inc. (WDPI) is a world-class independent provider of on-demand new and OEM-quality refurbished server, storage, and networking hardware for enterprise level Information Technology (IT), healthcare, education, retail, manufacturing and government organizations. By taking a brand-agnostic approach and focusing on each organization's unique hardware requirements, WDPI is able to offer flexible, customized solutions that save customers up to 50% or more on their hardware investment. WDPI sells leading hardware brands such as Cisco, DELL, IBM and HP. More information is available online at http://www.wdpi.com, by phone at 888-210-7636 or on WDPI's blog, The IT Hardware Forum.
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Source: World Data Products, Inc.
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