CenturyLink, a Louisiana TV, Voice and Internet provider announced its official acquisition of AppFog this week, a leading PaaS provider company in Oregon, Portland. The partnership will give birth to a new subsidiary and a merger with Savvis. This merger will create a premium cloud provider that will deliver managed hosting, outsourced IT services and…
The largest Television Cable provider in UK, Virgin Media have decided recently to explore other income generating potential for the company. It will use its current fiber optic cable network as its leverage to venture into a cloud-based data center business. The vision for the cloud will be shared with business partner Savvis, an Information…
Telephone and cable companies are very interested cloud services and are willing to invest huge amounts of money from acquisitions to partnerships just to get into the cloud market. Telephone companies will find it easy to fit into the cloud technology, according to Verizon, because they already have their own network in place and just…
CenturyLink announced on Friday that it has closed the deal to buy the cloud computing company Savvis for $2.5 billion and prepaid about $546 million of Savvis’ credit facility debt. We have reported about this deal earlier. CenturyLink expects the combination with Savvis will improve its revenue and will realize approximately $70 million in “operating…
Some telling acquisitions will define 2011. Savvis and Terremark were bought by telcos, which are positioned with assets and operating structures that enable them to potentially do one thing very well: deliver computing as a utility service. We talk with Bob Toohey, the man at Verizon leading the division that will supply cloud services to…
Telecommunications providers and cable companies have entered the burgeoning enterprise cloud computing market in the battle for enterprise customers. They could play a lucrative role by combining their natural advantages as network operators with technological innovation. CenturyLink, the nation’s third-largest telecommunications company, announced that it will acquire Savvis, a data center services business with big…
CenturyLink Inc. (CTL), a Louisiana- based fixed-line phone and Internet company, is set to buy information technology firm Savvis Inc. (SVVS) in a deal valued at $2.5 billion. This deal brings together CenturyLink’s enterprise network services business with Savvis’ expertise in managed hosting capacities. Acquiring Savvis will speed up CenturyLink’s ability to provide cloud computing…
Savvis announced today that its Government Wide Service (GWS) platform is now available to all government departments and third-party suppliers in the United Kingdom. GWS was developed to help the government achieve its ambition of creating a G-Cloud – a hosted environment for public sector IT operations and services. Government agencies looking to reduce costs use Savvis’…