This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Telephone And Data Systems Acquires Vital Support Systems

Stocks in this article: TDSUSM

MADISON, Wis., June 11, 2012 /PRNewswire/ -- 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.

"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."  

Vital Support Systems, through its team of 140 employees, offers a comprehensive suite of products and services, including: planning, engineering, procurement, installation, and management of IT infrastructure hardware solutions from world-class Original Equipment Manufacturers (OEMs). The breadth and depth of technical certifications held by team members has allowed Vital to achieve the highest level partner status with its vendors, including: Cisco Gold, HP Elite, EMC Velocity Premier, VMWare Premier and Microsoft Gold.  

President of TDS HMS, William Megan, states, "As a Solution Provider, Vital adds a critical dimension to our HMS service offerings and greatly expands our engineering and sales capabilities."

Vital has grown its service offerings beyond its Value Added Reseller (VAR) roots to include hosted and managed IT services that complement the TDS HMS portfolio of products. Vital has leveraged its market leadership position in Iowa to expand within the Midwest region, and now has offices in Des Moines, Cedar Rapids, and Davenport, Iowa; as well as Omaha, Neb., Kansas City, Mo., and Rockford, Ill.   

In March, Vital Support Systems was named to CRN's 2012 List of Elite 250 for the second year in a row. The company also won Cisco's prestigious Central Region Commercial Partner of the Year award in 2011.

Sparling and the Vital executive team, along with their employees, will maintain their roles within the organization as TDS HMS seeks to enhance their momentum. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs