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ITO Intechnology

24.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intechnology LSE:ITO London Ordinary Share GB0001388932 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re Agreement

16/05/2001 9:00am

UK Regulatory


RNS Number:6687D
InTechnology PLC
16 May 2001

16 May 2001



       INTECHNOLOGY PLC ANNOUNCES STRATEGIC PARTNERSHIP WITH COMPAQ UK

InTechnology plc, the advanced data technology services company today
announced a strategic partnership with Compaq UK whereby VBAK, InTechnology's
online backup and restore service, will be sold exclusively through Compaq's
UK Sales channels.

InTechnology will continue to provide product development, service delivery
and support via its extensive UK network and data centre infrastructure while
Compaq will market and sell the VBAK service to end user customers and through
channel partners, as part of their expanding customer service portfolio.

"VBAK has come at a perfect time for today's market," said Rene Schuster,
Compaq UK Chief Executive.  "Never before has it been so critical to store and
manage data effectively.  We believe this solution is so compelling, it will
become the industry standard."

The VBAK service was launched by InTechnology in October 2000 and has quickly
established a high profile customer base. The service has been designed to
offer a revolutionary new approach to the back up and restoration of business
critical information, previously a tape based process, which has remained
largely unchanged for nearly 25 years.

Peter Wilkinson, Chief Executive of InTechnology commented:

"Compaq's widely recognised brand and sales and marketing capability will give
us the opportunity to dramatically expand our existing customer base.

"I believe that VBAK has the potential to become an industry standard and
through this partnership we will be able to accelerate its commercialisation."

About InTechnology

InTechnology plc (formerly trading as STORM & VDATA) is Europe's only
specialist advanced data technology company, and is involved in major new
developments in the IT storage marketplace. The company provides services and
products via channel partners for data storage and deployment, data management
and protection through its wide-area private network infrastructure.
InTechnology is also Europe's first Advanced Infrastructure Provider (AIP),
supporting the growth in online utility computing.

www.intechnology.co.uk



For further information please contact:
Ann-marie Wilkinson/Susan Frost           Beattie Financial     020 7398 3300



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