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TRICOUNI INEO PRESS RELEASE

TRICOUNI ENTERPRISES ACQUIRES MINNEAPOLIS-BASED IT SERVICES
FIRM INEO TECHNOLOGY


St. Cloud, MN, August 20, 2009
– Tricouni Enterprises, LLC, an investment firm with a diverse portfolio of entrepreneurial companies, has announced the acquisition of Ineo Technology, a Minneapolis, MN-based firm that provides IT services to small- and medium-sized businesses.

For over eight years, Ineo has been delivering a comprehensive suite of IT services including network design, maintenance, security, desktop computer optimization, data backup, disaster recovery, and general IT support. The company’s model is based on flat monthly fees and avoids the high costs of many ad-hoc and break-fix model IT service vendors.

Through the acquisition, Tricouni will utilize its extensive financial and management expertise to grow the company while maintaining its local Minnesota roots and culture. “We are very excited to bring Ineo into the Tricouni family,” noted Mike Roth, President of Tricouni. “Ineo’s proven IT expertise and superior client service make it an asset to a wide range of businesses. We look forward to preserving the legacy of this family business and growing its presence even further,” he added.

Under the umbrella of Tricouni, Ineo will be led by Steve Brecht, who has an M.B.A. in Business Computer Information Systems from St. Cloud State University and 15 years of experience in management and information technology.

For more information on Ineo or Tricouni, please contact Mike Roth at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . About Tricouni Enterprises, LLC Based in St. Cloud, Minnesota, Tricouni Enterprises is a private investment firm that focuses on acquisitions and investment opportunities throughout the local region and beyond. The company leverages its extensive financial, operational, and management expertise to facilitate strategic plans and support management teams. Tricouni also is committed to preserving the legacy and family traditions of its portfolio companies, with a specific emphasis on maintaining a business’ local presence.
 
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