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"After carefully shopping around the data center market, we realized that the price-to-value offering from C7 could not be matched."

Lee Boardman, President - Velosum

The Accend Group Joins with Valcom Computer Center and C7 Data Center to Put Accounting Services Entirely Online


Leading Provider of Virtual CFO and Outsourced Accounting Services expands services to its 45-plus accounts

SALT LAKE CITY, UTAH - May 27, 2009 - In a move that provides additional convenience and services for The Accend Group's 45-plus virtual CFO and outsourced accounting clients, the company has joined with the Valcom Computer Center and C7 to make accounting services available entirely online.

Through this partnership, The Accend Group clients can have their accounting records entirely secured at the C7 Data Center, while gaining the convenience of having online access to their accounting records for reports, to run invoices, or simply to check up on various records from any Internet-connected PC.

"We're working to become to accounting what ADP is to payroll," said Mark Marshall, Managing Partner of Accend. "We're using best in class technology and making efficient use of clients' and accountants' time by combining face to face interaction with virtual services for bookkeeping, reporting, reconciling and forecasting. We're generally able to save companies 20-50 percent of their traditional finance/accounting costs while actually increasing their ease of use, access to critical reports and records and overall satisfaction."

"Accounting information is some of the most critical data for a business of any size," said Nathan S. Hatch, president and CEO of C7. "Our whole focus at C7 is to protect our customers' data. We're extremely pleased to be partnered with The Accend Group in this effort."

Mike Linton, Valcom's Managed Services Manager, said "Valcom worked with The Accend Group and C7 to provide a cutting edge technology solution that saves money, provides better uptime and creates efficiencies. This solution helps The Accend Group provide a more valuable service to their clients while simultaneously enhancing resource availability and reliability."

Since 1998, Managing Partner Mark Marshall and his team have provided strategic outsourced financial services to many companies funded by various VCs including Avocent, Broadweave Networks, Celio Corp (maker of the REDFLY), EsNet, Altiris, KeyLabs, vSpring, UVP and many others. Today's announcement further underscores The Accend Group's role as primary financial services provider for a growing number of companies in the Intermountain West. For more information about The Accend Group and its services, visit www.theaccendgroup.com.

About C7

C7 is a leading provider of colocation, virtual servers, remote backup and business continuance offerings for small, mid-, and enterprise level businesses. C7's advanced systems, technology infrastructure, and personnel resources ensure that customers have continuous data protection and accessibility. For more information visit www.c7dc.com.

About Valcom

Valcom recently changed their name to VLCM. VLCM is a leading technology provider for Utah and Idaho. With services and products that include Hosted Cloud Computing, VoIP solutions (Shoretel and Jive), HP hardware solutions, and Managed Networks for small business. VLCM is an end to end technology provider for small and medium business. For more information, visit www.slcval.com.

About The Accend Group

The Accend Group is a premier provider of outsourced Chief Financial Officer (CFO) and financial services, allowing businesses of every size to gain access to services that were, until now, only available to the largest companies. From accountants to controller and CFO services, The Accend Group helps businesses grow quickly by purchasing only the time and level of services that are needed. Services are scalable as our clients' requirements change. For more information on The Accend Group, please visit www.theaccendgroup.com.

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