EDEN PRAIRIE, Minn., June 4, 2012 – VISI, Minnesota’s leading managed services, cloud computing and a data center services provider, today announced that its parent company, Telephone and Data Systems, has made Forbes’ list of the America’s Most Trustworthy Companies in the mid-cap category. The list identifies the most transparent and trustworthy businesses that trade on American exchanges.
Forbes partners with GMI Rating (GMI), a global corporate governance research agency, to produce the annual list. GMI’s quantitative and qualitative analysis looks beyond the raw data on companies’ income statements and balance sheets to assess the true quality of corporate accounting and management practices.
GMI finds that its 100 Most Trustworthy Companies have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management. They do not play games with revenue and expense recognition, or with asset valuation.
To create the list, GMI examines more than 8,000 companies traded on U.S. exchanges. Every three months it assigns each company an accounting and governance risk score( AGR) based on proprietary modeling designed to identify practices that historically have had a high correlation with increasing shareholder risk.
“It’s an honor to be part of Telephone and Data Systems,” said Terry Swanson, CEO for VISI. “Our customers trust us with their mission-critical infrastructure each and every day. This recognition from Forbes highlights our commitment to integrity.”
VISI Incorporated (VISI) is a wholly owned subsidiary of Telephone and Data Systems, Inc., a Fortune 500® company. VISI provides a full range of data center services including colocation, managed services, hosting services and first-rate cloud computing infrastructure. VISI has the only commercially available Uptime Institute Design Certified Tier III data center in the Minnesota. VISI facilities are SSAE 16 Type II audited and staffed 24x7. To learn more about VISI, follow us on Twitter or Facebook, call 612-395-9000 or visit www.visi.com.