Information Technology
press release from XMi Technology

Press Release

XMi Completes Acquisition of InfoAdvantage, Inc.

FOR IMMEDIATE RELEASE: Nashville, TN - August 19, 2005 –

XMi, a Nashville-based management services company, today announced that it has completed the acquisition of the assets of InfoAdvantage, Inc., an Information Technology services firm based in Brentwood, TN. XMi adds InfoAdvantage to its portfolio of services companies, which includes non-profit management, association management, real estate management, human resources, and payroll services.

InfoAdvantage has been a leading IT services firm in Middle TN for the past dozen years. The company has worked with over 500 clients helping them with software development, IT infrastructure/network administration, web site development, and IT consulting. InfoAdvantage currently has 45 active customer engagements. InfoAdvantage is an IBM Premier and e-Business Partner, and a Microsoft Certified Partner.

InfoAdvantage President and CEO Greg Flanagan will join XMi as President of the IT Division which will be called XMi Technology. All other employees and consultants will also join XMi. “We are very pleased be part of XMi,” says Flanagan. “XMi offers us additional resources to better support our customers and grow our business. By combining our forces, we immediately reduce our overhead expenses, which allows us to improve service offerings and to create better career opportunities for our employees.”

Jim Phillips, Sr. VP of XMi, sees tremendous synergies by adding an IT component to their business. “InfoAdvantage has a great reputation in our market. Our goal will be to support them as they grow their business and allow them to focus on their customers. At the same time, we can now offer professional high-quality IT services to other XMi divisions and customers. It is a win-win situation.”

 

 

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