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RAID Incorporated Acquires Certain Enterprise Storage Assets of Aviv CorporationRelease Date: May 31, 2005Lawrence MA— RAID Incorporated, a managed data storage service provider specializing in custom manufacturing of leading edge storage solutions announced today an agreement to acquire certain storage assets of Aviv Corporation. RAID, founded in 1994, was created with the sole purpose of providing customers with turnkey data storage products and services that represent the industry's best value in meeting customers' growing needs to protect their digital assets. Aviv Corp. was founded by Haim Brill in 1976 and has been designing and manufacturing data storage solutions for the past 29 years. “Moving forward, Aviv's business strategy is to leave the hardware storage segment of its business and to focus efforts on data storage and enterprise management software” stated CEO, Brill. “I am happy that RAID and Aviv have come to a mutual agreement which will allow Aviv's valued customers a seamless transition to work with a seasoned storage company. RAID has excellent support and complimentary products which will allow for good future relationships,” continued Brill. "Aviv and RAID have had several productive joint ventures in the past years and RAID is proud and excited to serve the entire Aviv customer base," stated Marc DiZoglio, Vice President of Sales for RAID, Inc. “Acquiring and continuing to support and sell Aviv's SANtera® Fibre Channel product set is an exciting opportunity for RAID to continue to grow its business model and we look forward to working with Aviv's customers for many years to come" stated President and CEO, Greg Morris. “Aviv has spent the last several years building positive customer relationships and we are excited to continue and expand on those partnerships." This transaction is effective May 31, 2005 and Mr. Brill will consult with RAID and be available to facilitate the transition until December of this year. Under terms of the agreement, RAID has the right to service all existing Aviv customers. For more information, please contact Robert E. Picardi, Chief Operating Officer, at 978-683-6444 or by e-mail at bob_picardi@raidinc.com About Aviv Corporation About RAID Incorporated Press and Analyst Contact: Robert Picardi |
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