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Magnos Announces Acquisition Of Solid State Solutions

01/10/05 | in: Press Releases | by: Stacey Cole

Magnos Holdings Limited (Magnos) today announced the acquisition of the entire share capital of Solid State Solutions (S3).

Formed in 1988 S3 has built an enviable reputation as a leading storage integrator and Value Added Reseller (VAR). The company has long standing partnerships with leading storage system vendors and distributors including Symantec (Veritas), Quantum, StorageTek, Hitachi Data Systems, Network Appliance, Spectra Logic and InTechnology. S3’s business has been built on a broad understanding of the information storage, management and infrastructure requirements of its client portfolio. This, together with commitment to customer care, support and system maintenance, has secured S3’s position as a leader in the information storage business. Magnos is committed to continuation of the business imperatives that have made S3 successful.

The company will continue to be known as S3. Business Development Director Barry Jones said “The Directors of Magnos will continue to build the business based on a profound knowledge of customer needs. S3’s business ethic and principles will remain unchanged as the company moves forward and expands and the culture of the company’s successful business will be maintained. Additionally the new management team will carefully build new supplier relationships that will enable us to meet all the information management needs of our customers and will pursue an acquisitive plan that will enable to company to offer a national coverage model.”

Mark Smith, who will remain as Technology Director, noted “I am very excited to be working with the new management team and look forward to building a vibrant and successful business on the solid foundations laid over the past 17 years.” Roger and Lorraine Smith will remain as consultants for a significant period of time in order to ensure a smooth transition.

Further announcements are expected in the near future relating to the establishment of added value services and the progressive growth of the company.

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