TDS parent company to acquire Arizona firm

Chicago-based Telephone and Data Systems Inc., the parent company of Madison-based TDS Telecommunications Corp., announced it will acquire OneNeck IT Services, headquartered in Scottsdale, Ariz., for a purchase price of $95 million.
OneNeck, which generated annual revenues of $37 million in 2010, will be a subsidiary of TDS Hosted & Managed Services LLC.
OneNeck is provider of hosted application management and managed IT hosting services to middle market businesses.
The company has operations centers in Tempe and Gilbert, Ariz., and significant customer engagements in Somerset, N.J., Dallas, Texas, and Kansas City, Mo.
"Our strategy is to have a robust suite of offerings, including co-location, managed services, hosting, cloud, and solutions delivery," said William Megan, president of TDS HMS and executive vice president at TDS Telecommunications Corp.