Dallas-Based DataSpan Holdings Acquires DataSpan

DALLAS, Oct. 1, 2014 /PRNewswire/ -- DataSpan Holdings today announced that it has acquired DataSpan, a leading data storage, products, and management provider from its parent company, Media Recovery Inc. ("MRI").

DataSpan has provided essential technology infrastructure, data protection products, and critical solutions to Fortune 1000 clients and small and midsize enterprises for more than 40 years.

DataSpan Holdings is managed by telecom and IT veterans Micky Tsui and Nancy Shemwell, as well as Paul Zaidins whose company Bonefish Capital sponsored the transaction. Tsui will serve as President and Chief Executive Officer and Shemwell will serve as Chief Operating Officer. Zaidins will act as Chairman of the board.

"The compelling value proposition of DataSpan is the company's reputation forged from 40 years of innovative solutions, outstanding service, best in class suppliers, notable customer loyalty, and its position to support the expansion of cloud based data services. Moreover, we were impressed with their experienced and dedicated team as well as their roster of customers nationwide. There is tremendous opportunity and pent-up demand in the information management marketplace. We know that DataSpan is well-positioned for a strong future and believe we can bring additional expertise, relationships and investments that will benefit our employees, customers and longtime partners," says Shemwell.

Incoming CEO Tsui agrees that DataSpan has tremendous opportunities ahead.

"Information management has never been more important to business, yet the market isn't adequately served with enough diverse solutions," explains Tsui. It's an exciting time for DataSpan because the industry is undergoing a major transition that engages both legacy and emerging networks and DataSpan is uniquely positioned to bridge the gap between technology creators and users. Each partner in our group has navigated major technology transitions, and we look forward to working closely with DataSpan's outstanding combination of loyal customers and talented employees to set the stage for a future of exciting growth."

DataSpan will keep its name with Steve Breinig continuing as Vice President of Sales, and John Bates retaining his role as Vice President of Operations. The company headquarters will stay in Dallas, with employees across 17 states.

About DataSpan
DataSpan is a Dallas based provider of data solutions, infrastructure, and protection products. Since 1974, DataSpan has been a trusted partner for more than half of the Fortune 1000. The business currently delivers advanced solutions for acquiring, archiving, and securing data to more than 3,500 small and mid-size businesses and enterprises. DataSpan also offers specialized and localized products and services in more than 100 countries. The company embraces innovation, relies upon proven technology, and provides a full range of solutions to optimize every data infrastructure. For more information, visit www.dataspan.com. 

About MRI
Founded in 1976 and based in Dallas, Texas, Media Recovery, Inc. (MRI) is a global leader in creating innovative solutions for safeguarding clients' assets. Its companies focus on providing technology resources and exceptional customer service to a broad, global client base that includes two-thirds of the Fortune 100 and over half the Fortune 1000. MRI has been a Capital Southwest Corporation portfolio company since 1997.

About Bonefish Capital
Bonefish Capital is a Dallas-based Merchant Banking firm specializing in providing innovative acquisition solutions to private equity, corporate, and executive clients. Ernst & Young Entrepreneur of The Year Finalist, Paul Zaidins founded Bonefish in March 2014.

SOURCE DataSpan Holdings