Windstream wraps up Hosted Solutions purchase

Windstream (Nasdaq: WIN) crossed off another box in its M&A checklist as it completes its all cash $310 million acquisition of Hosted Solutions from ABRY Partners.

Financed through cash and revolving credit borrowings, Windstream's acquisition of Hosted Solutions will enhance its data center and cloud service offerings for its business customers.

Raleigh, N.C.-based Hosted Solutions is a regional data center and managed hosting provider that delivers enterprise-class Infrastructure as a Service (IaaS) services (managed hosting, managed services, colocation, cloud computing and bandwidth) to both SMBs and large enterprises.

Along with gaining Hosted Solutions' IaaS expertise, Windstream will add five data centers located in Raleigh, N.C.; Charlotte, N.C., and Boston to its portfolio. In total, Windstream now operates 12 data centers in eight states.

For more:
- see the release

Related articles:
Windstream plots cloud computing growth with $310 million deal for Hosted Solutions
Windstream's (Nasdaq: WIN) Q3 revenues boosted by business, broadband services
Sizing up the wireline industry in the third quarter 2010
Windstream Q2: Profit down, but revenue up 22 percent
Windstream axes 220 jobs as it completes Iowa Telecom integration
Jeff Gardner, CEO and President of Windstream on industry consolidation, the future of broadband and business service growth

Suggested Articles

Service providers and cloud operators are ramping up their SD-WAN managed services offerings to keep pace with the demand from enterprises.

The U.S. hyperscaler cloud market had a growth spurt in the third quarter of this year with a 26% increase year-over-year in revenue, according to a r

Juniper Networks announced on Monday new capabilities for its Mist and Contrail solutions that were designed to help its enterprise customers.