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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: J Fieb who wrote (3140)5/9/2001 12:11:33 PM
From: J Fieb  Read Replies (2) of 4808
 
INRG keeps making moves to move more product....

INRANGE Expands Professional Services Organization With Acquisition of ONEX Incorporated
Company Strengthens Capability to Assist Customers Worldwide With Design and Deployment of Enterprise SANs, Network Services
LUMBERTON, N.J., May 8 /PRNewswire/ --

INRANGE Technologies (Nasdaq: INRG - news), a leader in scalable storage networking solutions, announced today it has acquired ONEX Incorporated (Indianapolis, IN), a technology consulting company whose services include designing mission-critical network infrastructures and implementing e-Business and Enterprise Resource Planning (ERP) solutions.

According to industry research firm Meta Group, US companies will experience a shortage of at least 600,000 IT personnel in 2001, many in key areas of networking, Internet projects, and e-Business. This acquisition increases INRANGE's global direct sales and service organization to over 625 professionals, bolstering the company's capability to address this issue and to tailor technology solutions for its customers, assisting them in the design, deployment, and management of key IT initiatives such as Storage Area Networks (SANs). The consulting and professional services arm of INRANGE's sales and service organization now has more than 200 professionals worldwide.

``INRANGE continues to enhance our ability to deliver the complete solution on a global basis,'' said Alan Bynder, INRANGE Vice President of Professional Services. ``We are delighted to welcome the fine ONEX team to INRANGE. By complementing our IN-VSN(TM) family of SAN infrastructure and extension technologies with consulting expertise in SANs and system/networking management, we can directly help our customers and business partners implement leading-edge solutions for managing business-critical data and applications, whether connected to a LAN or web-enabled for 24 x 7 global access. The 175 professionals at ONEX significantly add to our already broad `delivery' capabilities.''

The IN-VSN family includes the FC/9000(TM) Fibre Channel Director -- the industry's most scalable technology for designing enterprise SANs -- and a suite of fiberoptic and WAN extension technologies that make it possible for users to share SAN-based data across great distances.

Founded in 1997, ONEX has grown rapidly by providing top-flight consulting services and technical expertise to clients ranging from Fortune 1000 customers to E-commerce start-ups. ONEX was recognized by industry publication ComputerWorld as one of the Top 100 Emerging Companies for 2001. ONEX is the second consulting/services company INRANGE has acquired in 2001; in January, INRANGE purchased Prevail Technology (Waltham, MA), specialists in designing high-availability IT infrastructures and e-Business solutions.

``The opportunity to extend our consulting skills to IT users globally excites us,'' stated Robert Wise, President of ONEX. ``By carrying forward the vision and leadership that has fueled ONEX's success, we will play a major role in equipping the professional services arm of INRANGE to help customers turn technology and information into competitive advantage.''

About INRANGE Technologies (www.inrange.com)

INRANGE Technologies designs, manufactures, markets and services

Good move INRG
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