Hosted Solutions, the East Coast’s premier provider of IT infrastructure as a service (IaaS), announced today that founder & Chief Executive Officer Rich Lee was named “Entrepreneur of the Year” as part of the Ernst & Young Entrepreneur of the Year® 2009 awards program in the Carolinas.
According to Ernst & Young LLP, the awards [...]

CEO Rich Lee Says Transaction Will Accelerate National Growth and Expansion Plans
Hosted Solutions, the East Coast’s premier data center and managed services provider, announced today that the company has been acquired by ABRY Partners, a Boston, Massachusetts private equity firm for $140 million.
The Hosted Solutions management team will continue to lead the company [...]