Progress Partners Advises Ilesfay on Successful Acquisition
Progress Partners is pleased to announce that Ilesfay Technology Group (www.ilesfay.com), a provider of cloud technology solutions that enables real-time data replication and collaboration, has been acquired by a Fortune 1000 company. Progress Partners acted as advisor to Ilesfay in the transaction, with Nick MacShane and Chris Legg leading the engagement.
"Nick, Chris, and their internal staff did a great job bringing us a relevant, targeted list of buyers that gave our company and board the confidence we needed to make a truly informed decision" said Ilesfay President and CEO, Chris McLennan. "Once we selected the right acquirer to move forward with, the organization and professionalism of the entire Progress team kept our process on pace and free of surprises."
Ilesfay Technology Group is a provider of horizontally scalable data replication solutions. Using patented technologies, Ilesfay offers a suite of products delivering global value across collaborative workgroups in clouds, between clouds, and in private data centers. Ilesfay replaces point-to-point connections with its PointToCloud architecture, using the cloud as an intermediary network. The Content Delivery Engine (CDE) is the operational core ensuring delivery of the right information. MatchMaking is a breakthrough approach finding commonalities between data sets and only transferring the difference-also called preemptive binary differencing. In the extended enterprise, making use of cloud computing is crucial in efficiently keeping up with network demand, effectively sharing data, and driving costs down.
Replication is most significant for distribution, collaboration, and continuity. Today's solutions are not built elastically to scale to meet today's data replication needs. No one is replicating data like they truly want to. Thus, the conventional wisdom is that full-scale replication can't be done. The resources do exist, however, and Ilesfay has the technology and expertise to meet the demand. Replication and collaboration is now possible in ways thought to be impossible, and at record speeds.