Telephone and Data Systems, Inc., (NYSE: TDS) (NYSE: TDS.S) parent
company to TDS Telecommunications Corp., announces it will acquire
OneNeck® IT Services headquartered in Scottsdale, Ariz. for a
purchase price of $95 million. OneNeck, which generated annual
revenues of $37 million in 2010, will be a subsidiary of TDS Hosted
& Managed Services, LLC (TDS HMS).
OneNeck is a premier provider of hosted application management
and managed IT hosting services to middle market businesses. The
firm specializes in supporting Enterprise Resource Planning (ERP)
applications. OneNeck's managed hosting services include management
and monitoring of client IT infrastructure, both client-owned and
OneNeck provided. The firm offers network management, disaster
recovery, security administration, and end-user support on a 24/7
basis.
The company has operations centers in Tempe and Gilbert, Ariz.,
and significant customer engagements in Somerset, N.J., Dallas,
Texas, and Kansas City, Mo.
"Our strategy is to have a robust suite of offerings, including
colocation, managed services, hosting, cloud, and solutions
delivery," states William Megan, president of TDS HMS and executive
vice president at TDS Telecommunications Corp. "OneNeck brings
sophisticated hosted application management and managed hosting to
our product portfolio that will enable us to leverage the data
center assets recently acquired with VISI and TEAM."
OneNeck operates 12,000 sq. ft. of data center space in Ariz. In
addition, they have a strategic partnership with Datapipe™ to
access data center space in Somerset, N.J., allowing them to
service numerous east coast customers. OneNeck is home to 230
employees who hold more than 300 technical certifications across 32
vendors.
"This is an exciting opportunity for both our customers and
employees," Chuck Vermillion, OneNeck CEO and founder remarks.
"Being a part of TDS will enhance our development of innovative
cloud solutions and enable us to accelerate our overall growth
strategies. Our unique culture and undying
commitment to customer satisfaction remains unchanged and blends
perfectly with TDS' values. We are delighted to join with TDS."
Frequently recognized in the industry for its business growth,
customer service, and technical expertise, OneNeck ranks No. 3667
on Inc. Magazine's 5000 list and No. 50 on its Top Companies in the
Phoenix metro area (based on OneNeck's 44 percent three-year growth
rate). The company has been repeatedly selected by the Black Book
of Outsourcing as the Number One Mid-Market Service Provider of
Enterprise Resource Planning and Hosted Application Management
worldwide.
In recent months, TDS Hosted & Managed Services, LLC has
made major advancements to position itself in the fast-growing
hosted and managed services arena by adding VISI Incorporated in
March 2010 and TEAM Technologies, LLC in Dec. 2010 to its portfolio
of operations.
"OneNeck has mature operational tools and capabilities, plus a
strong management team and distinctive customer base that will
provide a platform for growth of TDS' HMS initiatives, especially
in the middle market segment," adds Megan.
TDS Telecommunications Corp. maintains management responsibility
for the data center and hosting operations of VISI Incorporated and
TEAM Technologies LLC through the newly formed TDS Hosted &
Managed Services, LLC.
The transaction is expected to close on or about July 1, 2011.
Stifel Nicolaus Weisel served as exclusive financial advisor to
OneNeck IT Services in the transaction.
As the seventh largest telecom provider in the U.S., TDS
Telecommunications Corporation (TDS®) connects people with
broadband Internet, phone and TV entertainment services in hundreds
of rural, suburban, and metropolitan communities in 30 states. With
more than 40 years of experience and 1.1 million equivalent access
lines in service, customers can select from the latest
technologies, including: VoIP (managedIP) phone service, dedicated
Internet, data networking, and hosted-managed services.
TDS Telecommunications Corp. also maintains management
responsibility for the data center and hosting operations of VISI
Incorporated and TEAM Technologies, LLC through the newly formed
TDS Hosted & Managed Services, LLC. TDS HMS specializes in
colocation, cloud computing, and disaster recovery solutions for
businesses of all-sizes. In total, approximately 2,700 people work
for the companies both in local communities and at TDS' national
headquarters in Madison, Wis. Visit www.tdstelecom.com,
www.tdsbusiness.com, www.visi.com and www.team-companies.com for
more information.
TDS Telecommunications Corp. is a wholly owned subsidiary of
Telephone and Data Systems, Inc. (NYSE: TDS) (NYSE: TDS.S)
Telephone and Data Systems, Inc., a Fortune 500® company, provides
wireless, local and long-distance telephone and broadband services
to nearly 7.1 million customers in 36 states through TDS
Telecommunications Corp. and U.S. Cellular (NYSE: USM), its
83-percent owned wireless subsidiary. Founded in 1969 and
headquartered in Chicago, Telephone and Data Systems employed
12,100 employees as of March 31, 2011. Visit www.teldta.com for
more information.
OneNeck® IT Services Corporation is a global leader for hosted
application management, managed hosting, cloud services and
infrastructure services. OneNeck supports a variety of enterprise
applications, including ERP systems such as Oracle, Baan, JD
Edwards, and Microsoft Dynamics AX. Our comprehensive portfolio
offering includes application, database and network management,
data center management, disaster recovery, virtual machine
management, managed backup and storage and 24/7 customer support.
OneNeck's global solutions enable customers to improve system
performance and leverage their enterprise applications to deliver
measurable business benefits. For additional information, visit the
OneNeck IT Services home page at www.OneNeck.com.
For more information, contact: DeAnne Boegli National
Public Relations Manager TDS Telecommunications Corporation
608.664.4428 Email Contact www.media.tdstelecom.com
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