An Indiana internet company has come to an agreement to buy a local internet company. Joink LLC from Terre Haute, Indiana has agreed in principle to buy Computer Techniques or CTI. The acquisition will provide additional management and resources to help build fiber and expand quicker in central Illinois. The acquisition is still subject to regulatory approval.
CTI was founded in 1998 by Adam Vocks and Billy Williams. Over the years, CTI has expanded to provide fiber internet to over 12,000 homes in Christian and Montgomery County with it’s offices in Taylorville and Hillsboro. Adam Vocks says about the acquisition, “We were in search of a party that had the resources and the capability to allow CTI to fulfill its mission to bring high quality fiber broadband Internet service to as many homes and businesses in Central Illinois as possible. The shared vision of the two companies, combined with similar success stories, makes Joink the perfect acquiror for CTI to finally allow our accelerated expansion plans to become a reality. I am thrilled for our customers and employees to be part of this future.” Billy Williams added “Over time, high speed Internet access has evolved from a luxury to a necessity. Its importance is growing daily, and I couldn’t be prouder of our team for the significant work we’ve done to position for continued growth and success.”
Josh Zuerner, President and CEO of Joink says “We look forward to integrating CTI’s operations and team led by Bobbie Dean, CTI's CEO, who will be part of the senior leadership team of Joink, after the transaction closes. Central Illinois had a great day today as we announce our plans to accelerate the expansion of CTI’s fiber network. We recognize the importance of high-quality broadband and look forward to providing a best-in-class fiber-optic connectivity experience to end users in Illinois and Indiana.”
Details of the deal have not been made available and the deal is still pending final approval.