[Thehostingnews] Colocation, VoIP Firm, Level 3, Acquires SAVVIS Content Delivery Network
Broomfield, Colorado - (The Hosting News) - January 25, 2007 - Colocation, VoIP, and Internet backbone company, Level 3 Communications, has acquired the Content Delivery Network (CDN) services business of global IT infrastructure business applications services firm, SAVVIS, Inc. Pursuant to the definitive agreement, Level 3 has paid $132.5 million in cash to acquire certain assets, including network elements, customer contracts, and intellectual property used in SAVVIS's CDN business.Kevin O'Hara, President and Chief Operating Officer of Level 3 commented, "The opportunities presented by delivering rich media applications over the Internet continue to increase, and the addition of CDN capabilities to our service portfolio will enable Level 3 to better address this important market. This acquisition does not require the type of physical integration associated with the metro and backbone transactions we announced in 2006. We are confident in our ability to incorporate this key capability into our service portfolio." SAVVIS, Inc. is a global IT infrastructure service firm for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS has over 5,000 enterprise customers and endeavors to deliver secure, reliable, and scalable hosting, network, and application services. The solutions are designed to enable customers to focus on core business while SAVVIS ensures the quality of IT systems and operations. SAVVIS' goal is to enlist a strategic approach, combining virtualization technology, a global network with 25 data centers, and automated management and provisioning systems. Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. The services are designed to provide building blocks that enable Level 3's customers to meet growing demands for advanced communications solutions.The principal components offered by Level 3's (3)VoIP Enhanced Local service include network trunking, local telephone numbers, local number portability, the safety of E-911, operator assistance, caller ID, directory listings, and directory assistance. The service is designed to allow Level 3 customers to retain the flexibility to manage and control end-user features without the difficulties of implementing complex interconnection arrangements. For more information about SAVVIS, please visit: www.savvis.net. To learn more about Level 3, please visit: www.level3.com.
http://www.thehostingnews.com/news-colocation-voip-firm-level-3-acquires-savvis-content-delivery-network-2987.html
Broomfield, Colorado - (The Hosting News) - January 25, 2007 - Colocation, VoIP, and Internet backbone company, Level 3 Communications, has acquired the Content Delivery Network (CDN) services business of global IT infrastructure business applications services firm, SAVVIS, Inc. Pursuant to the definitive agreement, Level 3 has paid $132.5 million in cash to acquire certain assets, including network elements, customer contracts, and intellectual property used in SAVVIS's CDN business.Kevin O'Hara, President and Chief Operating Officer of Level 3 commented, "The opportunities presented by delivering rich media applications over the Internet continue to increase, and the addition of CDN capabilities to our service portfolio will enable Level 3 to better address this important market. This acquisition does not require the type of physical integration associated with the metro and backbone transactions we announced in 2006. We are confident in our ability to incorporate this key capability into our service portfolio." SAVVIS, Inc. is a global IT infrastructure service firm for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS has over 5,000 enterprise customers and endeavors to deliver secure, reliable, and scalable hosting, network, and application services. The solutions are designed to enable customers to focus on core business while SAVVIS ensures the quality of IT systems and operations. SAVVIS' goal is to enlist a strategic approach, combining virtualization technology, a global network with 25 data centers, and automated management and provisioning systems. Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. The services are designed to provide building blocks that enable Level 3's customers to meet growing demands for advanced communications solutions.The principal components offered by Level 3's (3)VoIP Enhanced Local service include network trunking, local telephone numbers, local number portability, the safety of E-911, operator assistance, caller ID, directory listings, and directory assistance. The service is designed to allow Level 3 customers to retain the flexibility to manage and control end-user features without the difficulties of implementing complex interconnection arrangements. For more information about SAVVIS, please visit: www.savvis.net. To learn more about Level 3, please visit: www.level3.com.
http://www.thehostingnews.com/news-colocation-voip-firm-level-3-acquires-savvis-content-delivery-network-2987.html
