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ICNSQ flew straight up to 600% on pure excitement
.. Tues., DRMX [rated by OTCmarkets as caveat emptor] flew 2400%
.. INCSQ could dip & bounce into the sky .. why not?
How high can this go? Realistic
ICNSQ dipped to .009 at 500% loaded up 4/next run up, up,
What's going on?
lolol.......she's gone
gapped too much........couldnt get in...i tried
in july 24 ,2008 was .75cent i will buy more .003 1 mil if they give me and keep it till 1-2yre's ..The company they must post good PR news soon.
That need some Vol going UT .70"s+ easy
heh, dem's the pinks for ya.
I try to buy 30k @.02 doesn't fill 1hour now
i have no idea what is going on with this company, other than their stock price has recently bounced from extreme lows. sorry.
Do you think the Deal will happen with CVLT company soon
The good news in this company i found they talk about new deal with CVLT CommVault Systems, Inc,, so could be interested to buy on Monday morning if the deal happen after couple days should this go back to $+
BID now .02 This need PR maybe next week i will buy when news hit
what LII now
Get ^(&*ing real.
I sold it and buy more geta i own 740k now in this one
That's what happens when there aren't shares. How's your 800k BIDU lol!!!!!
Do some DD and look at the low float. So, yep, I'm pumping it.
ARE You PUMPING This one ha
ICNSQ just a little vol took out .003 and left us at .005x.01 today. Hang on.....
Incentra still rolling along7/14 news
incentra.com/newssub.aspx?id=680
Only 23 million OS; 52-week high $.75!;
Incentra BK resolved:
http://www.incentra.com/newssub.aspx?id=651
ICNSQ getting some more interest. Going to have a big day soon.
I'm in the dark too but lovn the action today!
to be honest, i'm not sure what the implications are. sorry i can't be of more help here.
looks like they entered into Chap 11 yesterday. So if their PR says they intend to exit from 11 into a private concern, does that mean all the outstanding common go to zero?
ICNS (.85) - Incentra Solutions Reports 2008 First Quarter Results
Year-over-Year Revenues Increase 93%; Operating Profit for Third Consecutive Quarter; Services Revenue Up 58%; Product Revenue Up 101%
Last update: 6:00 a.m. EDT May 1, 2008
BOULDER, Colo., May 1, 2008 /PRNewswire-FirstCall via COMTEX/ -- Incentra Solutions, Inc. , a provider of complete IT services and solutions to enterprises and managed service providers in North America and Europe, today announced results for its first quarter ended March 31, 2008. Total revenues for the 2008 first quarter increased 93 percent to $48.2 million, up from $25.0 million for the 2007 first quarter.
Services revenue in this year's first quarter was $7.1 million, up 58 percent from $4.5 million in the 2007 first quarter, and Product revenue increased 101 percent to $41.1 million from $20.5 million in the prior year's first quarter. The 2008 first quarter included revenue from the acquisitions of Helio Solutions (Helio) and Sales Strategies, Inc (SSI), which were completed late in the third quarter of 2007.
Chairman and CEO Thomas P. Sweeney said that operating profit for the first quarter of 2008 increased for the third consecutive quarter to $301,000 compared to a loss of $423,000 in the first quarter of 2007. "The contribution of operating profits by the most recent acquisitions as well as the increasing volume of services delivered were important factors in the achievement of our third consecutive quarter of increasing operating profit," Sweeney added.
"I am also pleased to report that driven by increases in sales of our higher margin First Call and Enhanced First Call maintenance programs, and Managed Services offerings, our base of recurring services revenue in this year's first quarter continued to grow, increasing 36 percent year-over-year," Sweeney said. "We expect to see continued solid increases in this important revenue stream throughout this year and beyond."
Sweeney said that the Company continues to make solid progress in its drive to become the preeminent complete solutions provider to the mid-tier IT market in North America and, as appropriate, it will focus on expanding its business and geographic footprint.
Chief Financial Officer Anthony DiPaolo said, "The integration of the acquired businesses has proceeded well. We are not only seeing contributions to margins, but also our efforts to integrate and streamline processes and operations have allowed us to significantly reduce SG&A costs as a percentage of revenue. SG&A costs, excluding non-cash items were 19 percent of revenue in the first quarter of 2008, down from 27 percent in the first quarter of 2007."
Net loss applicable to common shareholders for the 2008 first quarter decreased to $2.8 million, or a loss per share of $0.10, from $2.9 million, or a loss per share of $0.22, for the 2007 first quarter. Basic and diluted weighted average shares outstanding for the 2008 first quarter were 26,405,110, compared with 13,250,298 in the prior year first quarter. The year-over-year increase in shares principally reflects the issuance of shares associated with the acquisitions of Helio and SSI, and issuance of shares in payment of fees related to those acquisitions.
President and Chief Operating Officer Shawn O'Grady said, "The strength of our business proposition is evident in the growing acceptance of our service and product offerings. Service revenue is up 58 percent as a result of our continued focus on the delivery of higher margin services inclusive of professional services, first call services and managed storage and security services. Expanded marketing programs and the larger footprint afforded by our acquisitions have resulted in significant increases in new customers and booked business. Our expanding pipeline of business shows that the synergistic benefits of our service offerings and expansion of product offerings will continue to support increasing revenue during 2008. We expect that this will result in increasing margins during 2008."
Overall gross margins in this year's first quarter, which included the effects of the Company's acquisition of Helio and SSI, increased 55 percent to $9.0 million compared to $5.8 million in the year earlier period. Gross margin as a percentage of revenue was 19 percent in the first quarter of 2008 compared to 23 percent in the first quarter of 2007. Services gross margin in the first quarter of 2008 was 26 percent, compared to 32 percent in the prior year first quarter. Product gross margin in the quarter was 17 percent compared to 22 percent in the 2007 first quarter.
"The decreases in gross margin as a percentage of revenue were expected as the gross margins of the acquired companies were lower than Incentra's. As we execute on our integration plan, we expect to see gross margins rise for the acquired companies and the combined company to pre-acquisition levels," O'Grady added.
Outlook for 2008:
Exclusive of any acquisitions, Incentra continues to expect 2008 revenue to be between $200 million and $220 million, approximately 35 to 50 percent higher than revenue in 2007, and the Company believes it will be cash positive for the year. Excluding funds which may be required under a possible redemption associated with the Company's Series A Preferred Stock, Incentra believes its combined operating and non-operating cash flows, cash on-hand and working capital facilities are sufficient to support its business operations and growth plans for 2008.
several filings for various people getting stock options at the end of last month. looks like all are restricted for 1 year (until 3/27/09). some people also received some grants, restricted until 12/31/09. most or all of them are at a price of .85, fwiw, while this one continues to hibernate.
ICNS - .85 - CommVault Names Incentra Solutions as First National U.S. Reseller
CommVault Names Incentra Solutions as First National U.S. Reseller
Expanded Channel Program Delivers High-Touch Partner Incentives Including National Level Sales Engagement Programs, Co-Marketing Opportunities and Strategic Planning
OCEANPORT, N.J. & BOULDER, Colo., Mar 25, 2008 (BUSINESS WIRE) -- CommVault (NASDAQ:CVLT) today named Incentra Solutions (OTCBB:ICNS), a leading supplier of IT products and services and one of the largest resellers of CommVault software in the Americas, as its first national U.S. reseller. Building on the two companies' existing software-as-a-service (SaaS) partnership, this expanded field engagement recognizes Incentra's commitment to bringing CommVault(R) solutions to market with reward incentives such as high-touch sales enablement and marketing programs.
Incentra has experienced tremendous growth as one of the largest systems integrators focused on the mid-tier market place. Incentra's recurring services revenue, including managed services and first call solutions, has grown 67 percent year over year. With over 70 sales people and 100 engineers available to develop and pursue new opportunities for both companies, the combined forces significantly expand CommVault's market reach. Incentra's direct sales force and strong technical infrastructure provide customers with a diverse solution mix to address their server, storage, and IT needs. As storage needs skyrocket, the partnership provides expanded sales and support resources to meet growing customer demands for storage and data management solutions.
"CommVault is committed to investing in the channel as a means to empower our partners, to create revenue opportunities for them, and ultimately to drive partner profitability," said Stephen Matheson, vice president, Americas Channel Sales for CommVault. "Building a program that rewards partners that invest in us, and vice-versa, is key to our channel strategy. As such, I'm delighted to name Incentra as our first national reseller in the U.S. We are excited about the depth and reach their sales organization offers, as well as their expertise in storage and data management."
Since end users often prefer to deal with a single local source for many of their data management needs, the national reseller designation positions Incentra as more than just a reseller of technology. In addition to offering the complete CommVault Simpana(R) suite of backup, replication, archive, search and resource management software in combination with some of the industry's premier storage management technologies, Incentra will lead initial sales and design discussions with CommVault-accredited sales and technical teams, provide professional installation services and handle first line technical support. For customers looking for an end-to-end storage solution, Incentra's one-stop shopping approach can help drive sales and revenue for both companies.
"Together, Incentra's field expertise and CommVault's software are a natural fit for data management in multiple markets," said Shawn O'Grady, president and chief operating officer, Incentra. "Incentra has considerable experience in offering complete IT solutions. As one of the leading manufacturers in the storage market, CommVault makes a lot of sense to customers looking for end-to-end data management solutions. While there are a lot of choices on the market today, because of the reliability and value inherent in Simpana's unique single platform approach, we can lead with CommVault software which greatly complements many of our existing services offerings. We look forward to optimizing new market opportunities through our relationship with CommVault."
As a national reseller, Incentra will enjoy comprehensive training, accreditation and certification, direct contact with dedicated CommVault sales and pre-sales teams including specialized Archive resources, as well as professional services support to assist with lab testing, shadow engagements and pass-through services. Incentra has also accepted an invitation to work with CommVault and Arrow ECS to go to market with a CommVault Simpana and HP storage hardware solution to pursue archive opportunities.
According to Paul Myerson, senior channel analyst, Enterprise Strategy Group, "This announcement goes a long way toward proving CommVault's continued investment in its channel. As CommVault's channel program continues to evolve, channel partners are likely to see greater benefits from working with CommVault including improved sales, technical and marketing support. In turn, this provides CommVault a way to extend its market reach so that more partners can get access to CommVault's expertise and customers can get access to their products and services. This is the kind of partner program evolution that ESG recognizes as critical to enterprise success in the market."
glad to hear alvin8 and i aren't the only ones ;) I guess the good news is that this sucker is wwwaaaaaayyyyy undervalued, at least so far as i can tell. i mean, $140M annual revenues, and currently only a $18M market cap? something doesn't jive. usually, sooner or later, these discrepancies even out. in the meantime, i'm goin to continue to sit on the bid and soak up as many sells as i can afford. (the 20% spread sure doesn't help either). take care.
I'm still here. Just bored with the stock. I'm hoping for some positive movement soon. Regards,Pingbag
looks like full steam ahead. yeehhaw!
ICNS - .85 - Incentra Solutions Reports 2007 Fourth Quarter, Year-End Results
Incentra Solutions Reports 2007 Fourth Quarter, Year-End Results
Year-over-Year Revenues Increase 123% and 119%, Respectively; Operating Profit for Second Consecutive Quarter; Recurring Services Revenue for the Year Up 67 Percent
BOULDER, Colo., March 20, 2008 /PRNewswire-FirstCall via COMTEX/ -- Incentra Solutions, Inc. (OTC Bulletin Board: ICNS), a provider of complete IT services and solutions to enterprises and managed service providers in North America and Europe, today announced results for its fourth quarter and year ended December 31, 2007. Total revenues from continuing operations for the 2007 fourth quarter increased 123 percent to $53.6 million, up from $24.1 million for the 2006 fourth quarter. Total Product revenue for the fourth quarter of 2007 increased 130 percent from the prior year's fourth quarter and total Services revenue was up 85 percent. The 2007 fourth quarter included revenue from the acquisitions of Helio Solutions and Sales Strategies, Inc (SSI), which were completed late in the third quarter of 2007.
Chairman and CEO Thomas P. Sweeney said that for the second consecutive quarter operating profit in the fourth quarter of 2007 was positive increasing to $188,000, compared to an operating loss of $2.4 million in the 2006 fourth quarter. He also said that SG&A expense as a percentage of revenue declined substantially in 2007 with a significant year-to-year decrease in the fourth quarter. "We believe that the cost structure, trends and product mix we saw in the 2007 fourth quarter will be indicative of our business going forward."
Chief Financial Officer Anthony DiPaolo said, "The increase in operating profit in the 2007 fourth quarter is encouraging, particularly when one considers the non-recurring charges in the quarter associated with the integration of the acquisitions and the higher commission costs we typically incur at year end."
Total revenues from continuing operations for the year ended December 31, 2007, rose 119 percent to $145.8 million, up from $66.6 million for 2006 with year-over-year organic growth in Product revenue of 17 percent and Services revenue of 52 percent. Compared to 2006, total Product revenue in 2007 increased 130 percent and total Services revenue rose 73 percent. Results from continuing operations for all periods exclude the operating results of the Company's former Front Porch Digital Broadcast and Media business, which was sold in July 2006.
"The 2007 fourth quarter and year were periods of significant growth and expansion for Incentra," Sweeney added. "Our success is a direct result of our focus on strategic acquisitions and organically growing Services and Product revenues in our acquired and in-place businesses. We are rapidly becoming the preeminent complete solutions provider to the mid-tier IT market in North America and will continue to focus on expanding our business and geographic footprint.
"We are now positioned to exceed $200 million in revenue in 2008, with a business that continues to generate increasing cash flow and strong gains in Services revenue," Sweeney said. "Because of our focus on driving sales of our higher margin services offerings, we were able to grow our base of recurring services revenue in 2007 by 67 percent year-over-year, and we expect to continue to see solid increases in recurring services revenue in 2008." Recurring services revenue for all of 2007 increased to $15 million, up from $9 million in 2006. This increase was driven by increasing sales of higher margin First Call and Enhanced First Call maintenance programs, and Managed Services offerings.
Net loss applicable to common shareholders for the 2007 fourth quarter decreased to $3.1 million, or a loss per share of $0.12, from $4.5 million, or a loss per share of $0.34 for the 2006 fourth quarter. The loss for the 2006 fourth quarter included $1.0 million of severance costs and other charges. Net loss applicable to common shareholders for the full 2007 year was $11.9 million, or a $0.63 loss per share, compared to $5.5 million, or a loss per share of $0.40, for 2006. The net loss in 2006 included a $15.4 million gain recognized on the sale of Front Porch Digital which was sold in July 2006.
President and Chief Operating Officer Shawn O'Grady said, "The integration of Helio and SSI is progressing as expected. We are focusing on expanding our services and product offerings, streamlining processes and implementing efficiencies across the entire organization. In 2008, we expect to see additional synergies from our acquisitions, which will increase gross margins for products and services and reduce operating costs."
Overall gross margin in the 2007 fourth quarter, which included the effects of the Company's acquisition of Helio and SSI, was 20 percent, compared to 24 percent in the fourth quarter of 2006 and 21 percent in the third quarter of 2007. Services gross margin in the fourth quarter of 2007 was 27 percent, compared to 30 percent in the prior year fourth quarter. Product gross margin in the quarter was 19 percent compared to 23 percent in the 2006 fourth quarter.
"The decreases in gross margin as a percentage of revenue were expected as the gross margins of the acquired companies were lower than Incentra's. As we execute on our integration plan, we expect to see gross margins rise for the acquired companies and the combined company to pre-acquisition levels," O'Grady added. Exclusive of the impact of the acquisitions of Helio and SSI, Incentra's overall gross margin for the 2007 fourth quarter was 22 percent. Services gross margin for the 2007 fourth quarter, excluding the acquisitions, was 27 percent, and Product gross margin was 21 percent.
Excluding stock-based compensation charges, SG&A expense as a percentage of revenue in the 2007 fourth quarter was 21 percent. This is down from 37 percent in the 2006 fourth quarter and down sequentially from 24 percent in the 2007 third quarter. SG&A expense, excluding stock-based compensation, as a percentage of revenue for all of 2007 was 24 percent, down significantly from 39 percent in 2006. Excluding incremental expenses of any companies acquired in 2008, SG&A expenses are not expected to increase in 2008.
DiPaolo added, "During the fourth quarter, we increased our revolving line of credit from $15 million to $20 million. The increased operating profit and credit availability will provide us the liquidity to fund our anticipated organic growth in 2008."
Outlook for 2008:
Exclusive of any acquisitions, Incentra expects 2008 revenue to be between $200 million and $220 million, approximately 35 to 50 percent higher than revenue in 2007, and the Company believes it will be cash positive for the year. Excluding funds which may be required under a possible redemption associated with the Company's Series A Preferred Stock, Incentra believes its combined operating and non-operating cash flows, cash on-hand and working capital facilities are sufficient to support its business operations and growth plans for 2008.
Conference Call Information
As previously announced, management will host a conference call to be broadcast live on the Internet at 11:30 a.m. (Eastern time) on March 20, 2008. The dial-in number for the call from locations in North America is 1-800-762-8779, and for callers outside North America, the dial-in number for the call is 1-480-248-5081. You may also access the live webcast on the Company/Investors section of the Company's website, http://www.incentrasolutions.com, under "Conference Call and Webcasts." Additionally, an archive of the conference call will be available on this site.
About Incentra Solutions, Inc.
yup. nothing to do now, but wait and see.
It'll be interesting tomorrow if they go positive, should be set up for a good run
Incentra Solutions Selects Callidus On-Demand for Global Sales Performance Management
http://biz.yahoo.com/iw/080122/0351084.html
Incentra Solutions Selects Callidus On-Demand for Global Sales Performance Management
Tuesday January 22, 7:07 am ET
Leading Provider of Complete IT & Storage Management Solutions Standardizes on Callidus
SAN JOSE, CA--(MARKET WIRE)--Jan 22, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced that Incentra Solutions has selected Callidus On-Demand to manage sales performance and incentive compensation programs for its global sales force. Under the agreement, signed in the fourth quarter of 2007, Incentra will use Callidus On-Demand for its 100 sales representatives worldwide.
"After evaluating various options to optimize our sales performance management systems, Callidus was clearly our top choice," said Michael Schwartz, vice president, field systems and sales operations at Incentra Solutions. "We were especially impressed with the possibilities that Callidus software offers. These tools will help us drive performance, achieve high ROI and align our corporate objectives with sales strategy."
"We are very pleased to welcome Incentra to our ever-growing group of Callidus On-Demand customers, who recognize the value of aligning incentive compensation with corporate strategy, affording them a strategic advantage in a fiercely competitive environment," said Jeff Saling, vice president of Callidus On-Demand.
In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to drive revenue and optimize profitability. Sales performance management is one of the untapped levers to bring these strategies to life. Callidus' solutions help companies align corporate objectives with sales strategy.
Callidus' SPM software solutions deliver a high ROI in a very short period of time by allowing sales executives to make better incentive decisions, providing timely visibility into channel operations, and giving them the flexibility to rapidly deploy new sales and distribution strategies and tactics.
About Callidus Software®
Callidus Software (www.callidussoftware.com) (NasdaqGM:CALD - News) is the leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.8 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.
About Incentra Solutions, Inc.
Incentra Solutions, Inc. (www.incentrasolutions.com) (OTC BB:ICNS.OB - News) 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.
2 more insider transactions for Thomas Hudson this week.
http://www.secform4.com/insider-trading/1025707.htm
ICNS.ob (.95) Incentra Solutions Launches GridManage Security; Brings Affordable, Visible IT Protection to Mid-Tier Enterprises
Wednesday, January 09 2008 - 8:58
ICNS $0.95 $0.03 (%3.26)
BOULDER, Colo., Jan. 9 /PRNewswire-FirstCall/ -- Incentra Solutions, Inc. (OTC Bulletin Board: ICNS), today introduced GridManage Security, the newest member of its family of IT and storage management solutions targeted to mid-tier enterprises. GridManage Security is a complete security program that combines professional and managed services to protect critical IT resources and data from pervasive threats such as resource consumption and data exposure liabilities associated with malware, as well as, accidental outages introduced through improperly managed configuration changes to security devices. Incentra developed the comprehensive service offering in partnership with Perimeter eSecurity, the market leader in on demand security services.
"GridManage Security extends Incentra's portfolio to include the critical and complex arena of IT security," commented John Richardson, Incentra's Senior Vice President of Services. "Mid-tier companies now have access to a broad range of security expertise regularly, proactively, and affordably," Richardson added.
Single, Flexible Solution for Any Vulnerability
Every organization needs to protect its vital information and IT resources. But few mid-tier companies have the staff, time or budget to adequately manage IT security, a complicated endeavor that like storage management requires specialized skills and significant capital investment. Incentra's GridManage Security responds to this need, freeing companies to focus on their core business.
The GridManage Security program begins with a vulnerability assessment to identify perimeter threats such as exposed edge devices, network and denial of service attacks, and known and Zero Day malware. The initial assessment also evaluates how effectively an organization's internal policies and procedures are protecting data inside the firewall, for example, by revealing data leakage liabilities associated with employees receiving email viruses that can infect the internal network.
Incentra security specialists document the results of the assessment and formulate a detailed plan to address and remediate any vulnerabilities. Once an IT environment is secure, GridManage Security monitoring keeps an "electronic eye" on the IT infrastructure to ensure that data and resources remain safe. Real-time monitoring is accomplished via a unique security portal, a feature that is offered only to GridManage Security subscribers.
One of the most powerful features of Incentra's new offering, the security portal, gives users full visibility into their IT infrastructure's security through a single, easy-to-use dashboard that spans all activity -- across firewalls and virtual private networks, intrusion detection and prevention services, web browsing and email anti-virus, and email spam and web content filtering services. It enables subscribers to see on one screen on a 24 x 7 basis, the status of their IT protection, and to identify threats that have been detected and resolved.
Integral to the GridManage Security service are monthly reviews and quarterly reports that further ensure information and resources are being proactively protected. Periodic "ad hoc" vulnerability assessments are another vehicle by which the GridManage Security program validates the security of a company's IT environment after significant events, such as infrastructure and application changes, office relocations or key personnel changes have occurred.
GridManage Security is the result of a joint development effort between Incentra Solutions and Perimeter eSecurity. The partnership enabled the companies to leverage Incentra's expertise in storage management and Perimeter's in IT security to bring value added to their shared, mid-tier target audience. "With our partnership with Incentra Solutions, mid-tier enterprises now have the full range of services they need to manage and protect all aspects of their IT infrastructure, no matter what the operational environment," said Brent Duncan, VP of Channel Sales at Perimeter eSecurity.
About Perimeter eSecurity
As the only provider of complete security on demand, Perimeter eSecurity makes security easily available and affordable for all businesses. Perimeter's on demand security services protect thousands of computer networks nationwide, offering more than 50 different services on a subscription basis in the areas of: Vulnerability Defense, Intrusion Defense, Network Defense, Email Defense, System Defense, and User Defense. With the proliferation of security threats and technologies, clients benefit from a single-source provider that offers all services through one pre-integrated platform and web portal. Perimeter's security SaaS services are continuously expanded, enhanced and upgraded for current and future regulatory compliance. With seven geographically distributed technical offices and three redundant data centers, Perimeter's complete, on-demand and affordable security services are always available and have been validated by multiple independent third parties. For more information about Perimeter visit http://www.perimeterusa.com.
About Incentra Solutions, Inc.
Incentra Solutions, Inc. (OTC Bulletin Board: 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. For more information, visit http://www.IncentraSolutions.com.
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.
Media: Investors:
Eye-To-Eye Allen & Caron Inc. Incentra Solutions, Inc.
Communications, Inc. Jill Bertotti Suzanne Becker Gallagher
John Sperrazzo jill@allencaron.com sbecker@incentrasolutions.com
john@eyetoeyepr.com (949) 474-4300 (303) 449-8279
(858) 565-9800
SOURCE Incentra Solutions, Inc.
ICNS.ob (.95) Incentra and CommVault Renew Software-as-a-Service Agreement
Monday, January 07 2008 - 8:26
ICNS $0.95 $0.10 (%11.76)
OCEANPORT, N.J. & BOULDER, Colo.--(BUSINESS WIRE)--
CommVault(R) (NASDAQ: CVLT) and Incentra Solutions, Inc. (OTCBB: ICNS), a leading supplier of IT products and services in North America and Europe, today announced an extension to their existing managed services agreement. For the last five years, Incentra has been using CommVault's award-winning Galaxy(R) Data Protection software as the foundation for their Software-as-a-Service (SaaS) offering. Since first making CommVault Data Protection software available in September of 2002 as part of a complete SaaS solution, the two companies have seen broad adoption as approximately 1,400 worldwide customers across multiple industries have leveraged the managed service to solve IT challenges such as branch office data protection, remote backup and disaster recovery.
To ensure the continued delivery of best-in-class services, the two companies have signed a new three-year agreement for the use of CommVault software. This agreement builds on their existing track record of success and will provide Incentra customers value-added data protection services as part of the SaaS offering, based on CommVault's Simpana(TM) software.
According to Lauren Whitehouse, analyst, Enterprise Strategy Group, "Data protection delivered through a SaaS model is a booming market and carries with it an enormous potential for reducing IT infrastructure and personnel costs. Due to explosive data growth, data protection has become increasingly more time-consuming, error-prone and costly, leading IT decision-makers to examine outsourced solutions. The combined enabling technology from CommVault and infrastructure and service delivery from Incentra delivers a highly differentiated solution."
Solidifying Position in SaaS Market: Building on Long-Standing Relationship
"With the right resources, expertise and budget, protecting and securing business data is less of a challenge; the problem is that most mid-sized businesses don't have that capability," said Shawn O'Grady, president and chief operating officer of Incentra. "Over the five years of our relationship with CommVault, we have validated that our SaaS protection applications are economically a better option when delivered by an experienced provider like Incentra. By using CommVault software to protect our customers' data, we're making it easier and less expensive for small to mid-sized businesses to have the levels of protection, reliability and availability they need for their business data."
Recent industry analyst research confirms that more and more companies continue to evaluate SaaS to defer capital outlays and infrastructure costs. Gartner predicts that by 2011, the worldwide SaaS market will grow to over $19 billion(1).
"Announcing that Incentra has renewed with CommVault and has managed well over 1,000 customers over the last five years is testament to CommVault and Incentra's ability to deliver high-value SaaS data protection applications," said David West, CommVault's vice president of marketing and business development. "While there have been overtures into this market space by other vendors, none of them bring the level of experience and customer satisfaction that CommVault and Incentra have fostered in building this impressive client roster."
Using the CommVault-Incentra SaaS delivery model, customers get the same features offered by traditional data protection software - including disaster recovery, encryption, SLA guarantees and storage reporting - without incurring the extra burden of running their own servers, operating a network to connect branch offices and hiring a large IT staff. By leveraging CommVault's Data Protection software and the Incentra GridWorks operations system, Incentra provides businesses the ability to move the infrastructure, or at least the portion that deals with backup and restoration, offsite to achieve the appropriate level of business continuity for their operations. Backups are performed automatically and continuously either locally or over the Internet, and data is moved off-site to a remote and secure data center, without manual IT intervention by the customer.
Incentra customer Luxembourg-based COLT, provides data, voice and managed services to businesses, governments and telecommunications carriers throughout Europe. Like other service providers looking for data protection software, COLT faced two choices. "We could choose a traditional backup application or opt for the newer SaaS model and have our business-critical data managed outside of our premises, thereby alleviating many of the headaches and administrative costs associated with managing the protection of our IT infrastructure and its maintenance," stated Jean-Philippe Sohier, product marketing director, COLT Managed Services. "The decision was to choose the most robust partner with competitive solutions for our customers. A solid provider in the market, Incentra offered us unbeatable service levels, low cost of ownership and the reliability of a high-end protection solution based on CommVault products."
Pricing and Availability
For additional information on licensing data protection within a SaaS model currently available through Incentra Solutions Inc., please contact Incentra at partners@incentrasolutions.com.
About Incentra Solutions
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.
About CommVault(R)
A singular vision - a belief in a better way to address current and future data management needs - guides CommVault in the development of Singular Information Management(TM) solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's Simpana(TM) software was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Resource Management and Search. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States. (cvlt-pt)
Safe Harbor Statement
This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's and Incentra's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements.
(C)1999-2007 CommVault Systems, Inc. All rights reserved. CommVault, CommVault and logo, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, CommVault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, GridStor, Vault Tracker, QuickSnap, QSnap, Recovery Director, CommServe, CommCell, and InnerVault are trademarks or registered trademarks of CommVault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.
(1) "Gartner Finds SaaS Market to Hit $19.3 Billion by 2011," TMC Net, David Sims, March 7, 2007
Source: CommVault and Incentra Solutions, Inc.
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Incentra Solutions Inc.
1140 Pearl Street
Boulder, CO 80302
Phone: 800-397-1719
Web Site: http://www.incentra.com
Sector: Technology
Industry: Data Storage Devices
Full Time Employees: 168
O/S 22,935,240 as of Nov 3, 2008 http://www.pinksheets.com/pink/quote/quote.jsp?symbol=icnsq
Float 12,900,000 http://finance.yahoo.com/q/ks?s=ICNSQ.PK
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July 14, 2009 http://finance.yahoo.com/q/ks?s=ICNSQ.PK
Boulder, CO — July 14, 2009 — Incentra, LLC , a provider of complete IT solutions to enterprise companies and managed service providers throughout North America and Europe, today announced a new Secure Replication Service delivered with EMC® Avamar®. This new offering automates the offsite replication of customer backup data to improve disaster recovery capabilities and is the latest addition to Incentra’s portfolio of managed storage services
Asset sale April 15, 2009 http://www.incentra.com/newssub.aspx?id=651
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Boulder, CO — April 15, 2009 — Incentra, LLC (“Company”) today announced it commenced operations upon completion of the acquisition of substantially all of Incentra Solutions, Inc. assets and its subsidiaries (collectively, the “Debtor”) in a 363 sale in the U.S. Bankruptcy Court located in Delaware where the Debtor first filed for bankruptcy protection back in February 2009. Incentra, LLC is a privately owned entity with the headquarters remaining in Boulder, CO. and will operate throughout the United States and Western Europe. As part of the asset purchase, Incentra, LLC acquired all of the Debtor’s service delivery assets including the 24x7 network operations center and the GridWorks Operations Support System (OSS) software to enable uninterrupted service delivery to its managed services customers.
As of the closing of the asset purchase, Incentra, LLC extended employment offers to all of the Debtor’s employees. With the hiring of the Debtor’s employees comes the ability and responsibility to continue to deliver on all of the outstanding professional services and consulting engagements signed prior to and during the bankruptcy. The Company stated the transition from the old to the new Company is seamless and there is absolutely no reason for customers to experience any delays or degradations in services delivered.
“The employees are the life blood of the Company and without them we would not have been able to bring the bankruptcy process to closure so quickly. Our employees really stepped up during this process to ensure the Company continued to deliver the technologies and services our customers depend on,” commented Chief Executive Officer Tom Sweeney.
Incentra, LLC has obtained authorizations from its partners and manufacturers allowing the Company to represent and sell all of the technologies its customers require. Orders placed prior to the asset purchase will be completed without delay and customers will see no impact from the change in ownership.
“Our partners really supported us during this period and helped us to not only close a significant amount of business during the first quarter, but also position the new company for continued success throughout 2009. Our pipeline shows the second quarter and beyond are going to be well above the last two quarters in terms of total spend by customers for technologies and services,” said Chief Operating Officer & President Shawn O’Grady.
The Company, as part of its purchase price for the Debtor’s assets, agreed to assume the debt of the Debtor owing to its senior lenders and has successfully negotiated a significant restructuring of this debt, including modification of the prior revolving credit facility to provide additional credit capacity and liquidity to manage working capital needs. The restructuring significantly improves the Company’s balance sheet. The Company has also reduced its operating expense base and has substantial working capital available.
About Incentra, LLC
Incentra, LLC is a provider of Technology, Consulting and Outsourcing services providing complete IT solutions to enterprise companies and managed service providers throughout North America and Europe. These services are all customized to help individual clients realize the full impact of their IT investments. By leveraging relationships with almost 100 manufacturers, Incentra's experts deliver a unique combination of Consulting, Technology, and Outsourcing that maximize results for every infrastructure project. For more information, visit www.incentra.com
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