North State Communications acquired Data Chambers

Announced: December 15, 2011

Target: DataChambers, LLC

Buyer: North State Communications (OTC: NORSA.PK)

Price: Not disclosed

Assets: DataChambers provides information technology services, including electronic data storage, managed information technology solutions and secure co-location services for mission-critical infrastructure. DataChambers operates two data centers and disaster recovery space in its 120,000 square foot facility located in Winston-Salem, North Carolina.

Valuation: Not disclosed

Closed: December 28, 2011

Comments: North State offers Internet, voice, wireless, data and advanced television services to businesses and consumers in the North Carolina’s Triad region. The acquisition enables North State to accelerate its strategy of diversifying its business and revenue mix. The transaction will strengthen North State’s efforts to become becoming the preferred business communications and data solutions provider in the Triad region.

Charlesmead Advisors, LLC served as exclusive financial advisor to North State Communications in this transaction

DataChamers Products and Services

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