Little Rock, Arkansas-based Windstream (NASDAQ: WIN), a leading provider of advanced network communications, has entered into an agreement with TierPoint, a leading national provider of cloud, colocation and managed services, to sell Windstream’s data center business, including its Jacksonville location, for $575 million.
As part of the transaction, Windstream will establish an ongoing reciprocal strategic partnership with TierPoint, allowing both companies to sell their respective products and services to each other’s prospective customers through referrals. This structure will allow Windstream to focus capital on its core telecom offerings while continuing to offer traditional data center services to enterprise customers across a broader data center footprint.
The TierPoint Vice
“This is a great strategic fit for TierPoint and our customers,” said Jerry Kent, Chairman and CEO for TierPoint. “Windstream Hosted Solutions and its employees have earned a reputation for providing excellent customer service and innovative enterprise-class solutions. …. We’re also very pleased to enter into a long-term strategic partnership with Windstream, allowing both companies to leverage the expertise and respective strengths of our organizations.”