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. About Savvis 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV