amerivault, a Waltham, Mass., provider of online data backup services, has opened its second “mass storage vault” and
inked a partnership pact with SunGard’s , a Wayne, Penn., IT outsourcer.
The new operation is housed in SunGard’s Philadelphia data center. Under the agreement, SunGard will offer its customers, most of which are in the financial service
sector, amerivault’s automated data backup and restoration service.
“Being able to restore data, online, within hours, to the same location as their hot site facility, allows amerivault and SunGard customers to drastically shrink their
recovery window,” said Robert Wojnowski, amerivault’s vice president of alliances.
amerivault CEO Bud Stoddard added, “amerivault automated online backups, transported over SunGard’s network, eliminates the need for backup tapes
and guarantees up to an 80 percent reduction in recovery time.”
Founded in 1998, amerivault is privately held. It provides backup services to customers in the United States, Europe, Africa and Asia, through direct sales,
parerships and reseller agreements.
Shares of SDS lost 0.5, or 2 percent, to 27.5 on Monday. In the last 52 weeks, the issue has traded between 20 and 32.49.