Jan 16 - Rentsys Recovery Services, a provider of comprehensive and integrated disaster recovery solutions for businesses ranging from community banks and credit unions to enterprise organizations, has acquired IT-Lifeline, a provider of comprehensive disaster recovery and compliance testing solutions for the financial services industry.
The acquisition came about through a prior strategic partnership between the two companies in which IT-Lifeline offered Rentsys’ business continuity services. IT-Lifeline’s BlackCloud, a compliance-focused vaulting, testing and recovery solution, will be incorporated into Rentsys’ disaster recovery offerings. Rentsys also retained IT-Lifeline’s support team, who brings a wealth of knowledge regarding regulatory requirements as well as cloud technology. Rentsys acquired IT-Lifeline in December.
Last year, Rentsys also acquired Evergreen, a software solution designed to help businesses plan for, mitigate and manage disaster recovery situations that affect daily business operations. It was renamed Rentsys Continuity Manager and added to the Rentsys offering.
“This acquisition expands our product offering and enhances our ability to meet the evolving business continuity and compliance needs of our customers,” said Walt Thomasson, managing director of Rentsys Recovery Services. “IT-Lifeline’s BlackCloud along with the recent addition of RCM enhances our ability to deliver business continuity solutions that ensure our clients will have access to their critical business functions if a disaster or outage does occur.”