Little Rock-based Windstream on Monday announced is has sold its data center business to cloud company TierPoint for $575 million.
As part of the all-cash transaction, Windstream will enter a partnership with the Missouri-based company that will allow them to do business with each other’s prospective customers through referrals, according to a statement.
The deal will allow Windstream to focus on its telecom services while TierPoint oversees its data center business.
"Data center services will remain an integral component of our enterprise service offering,” Windstream president and CEO Tony Thomas said in a statement. “We expect the divested data center business to continue its significant growth under the leadership of TierPoint, and we look forward to partnering closely with them to provide advanced data center services to our enterprise customers.”
Read Tuesday’s Arkansas Democrat-Gazette for full details.