Savvis Completes Purchase of Ciber Global IT Outsourcing Business
Acquisition Includes Assets in North America, Europe and India
ST. LOUIS, Oct. 15, 2012 /PRNewswire/ -- Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced it has closed on its purchase of certain assets of Ciber's IT Outsourcing (ITO) business for $6 million in cash, plus potential additional future consideration based on financial performance through December 2013.
Savvis and Ciber, a global information technology consulting and managed services company, announced the purchase agreement on July 31. The assets include client and vendor relationships, infrastructure, technology and facilities spanning North America, Europe and India.
"Savvis' acquisition of Ciber's ITO assets enhances and expands our capabilities in areas such as application-management services and help-desk support, while also increasing our client base and vendor associations," said Jim Ousley, chief executive officer of Savvis and president of CenturyLink's Enterprise Markets Group. "The Ciber clients we attained through this acquisition benefit from direct access to Savvis' global footprint, services and account teams, plus the enhanced communications services provided through CenturyLink's robust global network."
This transaction builds on the reseller relationship formed in 2011 that enabled Ciber to leverage Savvis' worldwide data centers and network capacity to serve the growing needs of Ciber's clients. With more than 50 data centers throughout North America, Europe and Asia, Savvis is an industry leader in global infrastructure hosting and enterprise cloud computing environments.
Savvis, a CenturyLink company, is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing.
CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLink™ Prism™ TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations.
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