Windstream Hosted Solutions

Windstream Hosted Solutions


Rich Lee, Founder, Former CEO

Windstream Hosted Solutions

"I appreciate Manning Fulton's ability to understand our business and what we're trying to accomplish ... I don't get stuck with a junior person who really doesn't understand my business.  At Manning Fulton, I don't have to educate them - that's very important."

In June 2001, Rich Lee paid $375,000 for the assets of a data center in Cary, NC that was in bankruptcy. Over the next seven years the company accumulated five data centers, where companies keep computers that run their Web sites or store data in secure, environmentally controlled settings.

By early 2008, Hosted Solutions had over 700 customers representing some of the largest regional and national companies.  With representation by a team from Manning Fulton, Hosted Solutions sold for $140 million in April 2008 to a private equity firm, ABRY Partners, in Boston and later, in December of 2010, for $310 million to Fortune 500 company Windstream Communications (NASDAQ: WIN).

For more information on Hosted Solutions, visit www.hostedsolutions.com.

 
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