Telephone and Data Systems Buys Web Host VISI

Managed Web hosting services will be a core focus.

TopHosts.com News [March 22, 2010]-Telephone and Data Systems, Inc. (TDS) announced it has acquired managed Web hosting and data center services firm, VISI Incorporated.

“VISI brings a successful and talented team with a proven track record for providing high quality data center and managed hosting services. VISI’s broad capabilities and extensive service set, combined with its valuable facilities, including an expanding SAS 70 Type II certified data center in St. Paul and a state-of-the-art data center under construction in Eden Prairie, Minn., position us well for growth in a dynamic marketplace,” said Dave Wittwer, President and CEO for TDS Telecommunications Corp.

Stifel, Nicholas & Company, Incorporated acted as financial adviser on behalf of TDS. $17.8 million in cash was the reported offer for VISI.

Mike Sowada, CEO of VISI, said: “With the financial strength of Telephone and Data Systems, Inc., a Fortune 500 company, VISI and TDS are poised to grow our combined businesses and invest in evolving services that customers are demanding in the Twin Cities and across the broader regional and national footprint of TDS.”

VISI provides managed Web hosting, colocation, cloud computing and IT solutions to more than 10,000 customers throughout Minnesota. TDS, headquartered in Madison, WI, is the eighth-largest wire line company in the US.

Visit www.tdstelecom.com, www.tdsbusiness.com, & www.visi.com for additional information.