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  • Tagged Rackwise

    New York University Selects RACKWISE® to Manage IT Infrastructure

    Posted on October 7, 2011 by Dana Salvo

    VNDIOct. 7, 2011- Rackwise, Inc. (OTCQB:VNDI) announced today that New York University (“NYU” or the “University”) has selected RACKWISE®, the Company’s leading Data Center Infrastructure Management (“DCIM”) product, to document, visualize, analyze, model, manage, and optimize their IT infrastructure across their three data centers. Founded in 1831, NYU is one of the largest private, nonprofitinstitutions of higher education in the United States.

    Selection of the RACKWISE® DCIM solution incorporates installation, implementation, training support and related services as well as annual maintenance and support.

    As NYU’s data centers continue to grow in size and complexity the University required a robust solution that could track all data center assets, model moves, adds, and changes (MACs), and maintain data integrity across the multiple groups owning devices and using resources in the three centers.

    Capabilities essential to NYU included documentation and visualization of all assets in a central repository, the ability to conduct ‘what if’ scenarios as part of the planning process, and to manage, predict, and optimize power management, one of the major expense items in all data centers. Flexibility, and overall ease of use, as well as support of the visualization for over 30,000 very detailed stencils of devices and racks, were critical as NYU plans to consolidate data from all three data centers into RACKWISE’s® central repository. Centralization into a single integrated DCIM will allow oversight of all three centers by a core team as well as enable each center to model and manage their own assets within the structure. The net result is constant visibility into each and all of the University’s IT expenditures and efficiencies.

    NYU selected RACKWISE® for its overall ease of use, asset tracking, and its visualization capabilities. Using a native integration with Visio, the most commonly used software graphical diagram product, RACKWISE® provides visualization to see where assets are currently located and to model MACs. RACKWISE® provides complete inventory management and the physical and financial impact of planned changes for one rack or thousands of racks.

    NYU plans to use RACKWISE® to eliminate unneeded redundancy and optimize their use of IT hardware and software assets going forward, thereby achieving a significant and rapid ROI. The rich reporting capabilities delivered as a standard feature of the product includes visual dashboards that provide the university with the ability to view and manage assets, search for capacity, model and plan for new capacity and space, and gain insight into the various IT centers throughout the university and the overall IT infrastructure, usage, and costs.

    Guy A. Archbold, the Company’s Chief Executive Officer, commented, “We are highly pleased and proud that New York University has selected our RACKWISE® Data Center Infrastructure Management solution as a core component of its current and future IT infrastructure management and optimization plans. Our selection by one of the largest and most prestigious private universities in the country and globally validates our continued commitment to providing state-of-the-art, market-relevant ‘green’ information technology solutions, enabling data centers for greater efficiency, energy savings, and a greener footprint through superior analytics to track, manage and optimize energy, asset and IT infrastructure costs and utilization across the enterprise.”

    Software Maker VISUAL NETWORK DESIG (VNDI.QB) Declares Reverse Merger and $3.136 Million Private Offering

    Posted on September 25, 2011 by Dana Salvo

    VISUAL NETWORK DESIG (VNDI.OB)SAN FRANCISCO, Sept. 23, 2011- Visual Network Design, Inc., (OTCQB VNDI) a Nevada corporation (the "Company") announced today that it completed a reverse merger on September 21, 2011, in which Visual Network Design, Inc., a software development and marketing company incorporated in Delaware dba Rackwise ("Rackwise") became a wholly owned subsidiary of the Company. Shares of the Company are eligible for quotation under the symbol "VNDI" in the Over-the-Counter Market.

    The Company, now headquartered in San Francisco, California, will continue the business of Rackwise under a new management team consisting of certain executive officers who are serving in similar capacities for Rackwise and a five member board of directors consisting of two present Rackwise directors, two independent directors and an incumbent director of the Company.

    Rackwise products manage and correlate the physical attributes and connectivity of the far-reaching and complicated computer equipment of over 130 customer data centers worldwide. Within the data center industry, Rackwise provides a complete set of industry unique solutions that have been previously unavailable relative to all physical aspects of the data center by providing reporting on critical present day issues of power consumption, power efficiency, carbon footprint, green grid, and density requirements. This reporting allows customers to plan data center expansions and reductions as well as equipment usage more effectively and results in significant economic savings for the customer. Rackwise provides the next level of data center management known as "data center intelligence". "Data center intelligence" involves powerful capacity management and planning tools correlating physical information with costing metrics while providing needed financial analysis, cost savings, and "green" data center metrics for Rackwise’s customers.

    In connection with the merger, the pre-merger stockholders of Rackwise will receive in exchange for the shares of Rackwise common stock owned by such stockholders, approximately 60,000,000 shares of the Company’s common stock and warrants of the Company, exercisable for a period of five years, to purchase approximately 30,000,000 shares of the Company’s common stock at an exercise price of $0.625 per share.

    Concurrently with the closing of the merger, the Company completed an initial closing of 12,547,757 units in a private offering, at a price of $0.25 per unit. Each unit consists of one share of the Company’s common stock and one warrant to purchase one-half share of the Company’s common stock. The warrants are exercisable for a period of five years at a purchase price of $0.625 per full share of the Company’s common stock. The offering was made on an "all or nothing" basis with respect to a minimum of 12,000,000 units and on a "best efforts" basis with respect to a maximum of 20,000,000 units. In addition, in the event the maximum number of units is sold, the placement agent and the Company have the option to offer an additional 4,000,000 units. The offering for the remaining units will continue after the closing of the merger.

    On the initial closing date, the investors in the offering collectively purchased 12,547,757 units for total cash consideration of $3,136,938, which includes the conversion into units of $2,339,438 of principal and accrued interest on Rackwise bridge notes which were sold by Rackwise in contemplation of the merger and assumed by the Company immediately prior to the closing. The net proceeds of the offering, including the proceeds from the Rackwise bridge financing have been or will be principally used for the implementation of sales and marketing programs, expansion of Rackwise’s products, the implementation of an investor relations program and for general working capital.

    The securities sold in the private placement have not been registered under the Securities Act of 1933 and may not be resold absent registration under or exemption from such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

    About Rackwise

    Visual Network Design, Inc., dba Rackwise, a San Francisco based Delaware corporation formed in 2003, engages in software development and marketing within the growing markets for IT infrastructure, data center monitoring and management, data center cost efficiency and green data centers. Please visit www.rackwise.com for further information.