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Mergers & acquisitions

TDS Pays $45M for Vital Support

MADISON, Wis. -- Telephone and Data Systems, Inc., (NYSE: TDS) parent company to TDS Telecommunications Corp., today announced the acquisition of Vital Support Systems, LLC (Vital), headquartered in Des Moines, Iowa for a purchase price of $45 million. Vital generated annual revenues of $76 million in 2011. The acquisition brings deep IT Solution Provider capabilities and strong customer relationships to the portfolio of TDS Hosted & Managed Services, LLC (TDS HMS), a wholly-owned subsidiary of Fortune 500(R) company, Telephone and Data Systems.

"The combination of TDS HMS' data center infrastructure, hosting and cloud solutions coupled with Vital Support Systems' core field technology solutions creates a unique and compelling long-term value proposition," says Jeff Sparling, CEO of Vital Support Systems. "Now, our customers can depend on Vital to deliver an infrastructure solution whether it be installed or managed on-site, at a hosted site, or from the cloud. This is a proud moment in our company's history."

TDS Telecom

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