M&A Deal Summary

Telephone & Data Systems Acquires TEAM Technologies

On December 15, 2010, Telephone & Data Systems acquired information technology company TEAM Technologies for 47M USD

Acquisition Highlights
  • This is Telephone & Data Systems’ 2nd transaction in the Information Technology sector.
  • This is Telephone & Data Systems’ 4th largest (disclosed) transaction.
  • This is Telephone & Data Systems’ 3rd transaction in the United States.
  • This is Telephone & Data Systems’ 1st transaction in Iowa.

M&A Deal Summary
Date 2010-12-15
Target TEAM Technologies
Sector Information Technology
Buyer(s) Telephone & Data Systems
Deal Type Add-on Acquisition
Deal Value 47M USD

Target

TEAM Technologies

Cedar Falls, Iowa, United States
TEAM Technologies LLC is a provider of wholesale data center lease and colocation products. TEAM provides a wide range of information technology solutions, such as colocation, disaster recovery, and data security services to commercial customers.

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Buyer(S) 1

Buyer

Telephone & Data Systems

Chicago, Illinois, United States
Category Company
Founded 1968
Sector Communications
Employees9,200
Revenue 5.2B USD (2023)
DESCRIPTION

Telephone & Data Systems provides wireless; cable and wireline broadband, TV and voice; and hosted and managed services to approximately 5.8 million customers nationwide through its subsidiaries TDS Telecom and U.S. Cellular. Telephone & Data Systems was founded in 1968 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 3 of 8
State (Iowa) 1 of 2
Country (United States) 3 of 8
Year (2010) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-22 VISI

Minneapolis, Minnesota, United States

VISI, Inc. is a provides wide range of information technology solutions, including: managed hosting, co-location and cloud-computing services to businesses of all sizes, from technology start-ups to large enterprises.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 OneNeck

Madison, Wisconsin, United States

OneNeck is a provider of enterprise application management and managed hosting services. OneNeck provides a suite of IT outsourcing services including ERP application management, database administration, data center operations, functional business process support, disaster recovery and desktop outsourcing. OneNeck was formed in 1997 and is headquartered in Madison, Arizona.

Buy $95M
Mergr

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