Telephone and Data Systems Acquires Vital Support Systems for $45M
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® company, Telephone and Data Systems.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.