FutureLink Acquires Maryland Company

FutureLink Corp., an Irvine provider of computer-application hosting services to businesses, said Tuesday that it completed its acquisition of closely held VSI Technology Solutions for $26.5 million in cash and stock, gaining clients in the mid-Atlantic region.

The price consists of $19.5 million in FutureLink stock and $7 million in cash.

VSI, based in Beltsville, Md., is a reseller of Citrix Systems Inc.’s application server software, which runs servers and other computers. It has 75 employees and annual revenue of $9.7 million.

FutureLink provides companies with Internet-based computing services, saving them from having to install and upgrade applications individually on employees’ PCs.