XMi Technology Completes Acquisition of InfoAdvantage, Inc.
FOR IMMEDIATE RELEASE: Nashville, TN - August 19, 2005 –
XMi Technology., 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 Technology
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 Technology as President
of the IT Division which will be called XMi Technology. All other employees and
consultants will also join XMi Technology. “We are very pleased be part of XMi Technology,” says
Flanagan. “XMi Technology 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 Technology, 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 Technology divisions and customers.
It is a win-win situation.
XMi
Technology
618 Church Street, Suite 220
Nashville, TN, 37219
Phone: 615-373-9499 Fax: 615-373-3868
www.xmitechnology.com