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TDS buys data centre firm, TEAM Technologies

Telephone and Data Systems has purchased TEAM Technologies, a privately owned data centre provider, for US$47 million. TEAM has data centres in Fitchburg, and in Des Moines and Cedar Falls, Iowa, and will be managed by TDS. TEAM, currently based in Cedar Falls, has a total of 20 employees, eight of them in Fitchburg. All will keep their jobs, TDS spokeswoman DeAnne Boegli said.

The purchase strengthens TDS Telecom's focus on providing data centre functions, Boegli said. Last March, TDS bought VISI, a Minnesota data centre company. In all, TDS now has 55,000 sq ft of data centres in the Upper Midwest.

Source: Madison.com

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