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Incentra Solutions Acquires Tactix, Inc., Leading Solutions Provider in OregonSeptember 12, 2006 Boulder, CO, September 12, 2006 – Incentra Solutions, Inc. (OTCBB: ICNS), a provider of complete IT and storage management solutions to enterprises and managed service providers in North America and Europe, today announced that it has acquired Portland, OR-based Tactix, Inc. (www.tactix.com) for approximately $3.6 million in an all-cash transaction, which is subject to certain post-closing working capital adjustments. Privately-held Tactix is a leading solutions provider in the northwest and Oregon’s number one reseller of Sun Microsystems™ products. It markets storage, networking and security solutions, as well as professional services to customers in the enterprise, education, and local and state government markets. Tactix sales for the 12 months ended December 31, 2005 were approximately $12 million. The acquisition of Tactix is expected to be immediately accretive and will add a staff of 23 professionals and more than 200 customers to Incentra’s existing operations. Tactix will become a wholly-owned subsidiary of Incentra Solutions and continue to operate from its offices in Portland, Anchorage and Kirkland, WA. Brian Linse, the president of Tactix, will remain with the business and report directly to Incentra Solutions President and Chief Operating Officer Shawn O’Grady. Incentra Solutions Chairman and CEO Thomas P. Sweeney said that acquiring Tactix will strengthen Incentra’s presence in the northwest and extend its reach into Alaska. The acquisition is another important step in the Company’s strategy to substantially grow revenues by acquiring systems integrators with existing direct sales organizations serving the enterprise market.
“In addition to the investments we are making in growing our business organically, when appropriate we will continue to seek strategic opportunities to grow through acquisition,” Sweeney said. “Tactix brings to Incentra experienced management and an excellent professional staff with a successful track record. With its large base of well established customers, we see significant opportunities to increase sales of our value added products and services including First Call and Enhanced First Call support services and our GridWorks remote monitoring and management system.” Brian Linse said, “Joining Incentra Solutions is a significant move for Tactix and for our customer base. It adds the critically important service offerings to our product line that our clients have been asking for to help solve their growing data management requirements. The entire Tactix organization is very excited about becoming part of Incentra for we believe it positions us as the most complete source of IT products and value added service solutions in the Northwest.”
Pagemill Partners, headquartered in Palo Alto, CA, advised Incentra Solutions regarding the acquisition.
About Incentra Solutions, Inc. Incentra Solutions, Inc. (www.incentrasolutions.com) (OTCBB:ICNS) is a provider of complete IT & storage management solutions to enterprises and managed service providers in North America and Europe. Incentra’s complete solution includes managed services, professional services, hardware and software products with the Company’s First Call and Enhanced First Call support services, IT outsourcing solutions and financing options. Incentra Solutions Forward Looking Statements Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company’s inability to accurately forecast its operating results; the Company’s potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company’s business. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company’s filings with the Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Allen & Caron, Inc. Rene Caron(investors) rene@allencaron.com
Len Hall (financial media) len@allencaron.com 949-474-4300
Incentra Solutions, Inc. Thomas P. Sweeney III, Chairman & CEO tsweeney@incentrasolutions.com 303-449-8279
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