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TAMPA -- Knology Inc., a Georgia company with $442 million in 2010 revenues, paid $13.8 million in cash to acquire E Solutions Corp., a Tampa-based operator of two data centers.
Knology provides video, voice, and dataservices to residential and business customers throughout the Southeastern and Midwestern United States. Those data-intensive operations will be supported by E Solutions' data processing capabilities, a statement announcing the transaction says.
Knology ended the third quarter of 2011 with $65 million in cash on its balance sheet, meaning it will still have more than $50 million in liquidity after the E Solutions acquisition is complete.
E Solutions Corp. is headquartered at 400 N. Tampa St. Richard Nicholas is the firm's CEO.
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