Savvis Completes Acquisition of Ciber's Global IT Outsourcing ...

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Posted by David J. Barton on October 16, 2012 ? Leave a Comment?

Savvis, a CenturyLink company (NYSE: CTL), has completed its purchase of client and vendor relationships, infrastructure, technology and facilities assets of Ciber?s (NYSE:CBR) IT Outsourcing business in North America, Europe and India for $6 million in cash.

?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, CEO of Savvis and president of CenturyLink?s Enterprise Markets Group.

Both companies announced the purchase agreement on July 31. The agreement includes potential additional future consideration based on financial performance through December 2013.

?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,? Ousley added.

Savvis and Ciber began their reseller relationship in 2011, when Ciber leveraged Savvis? worldwide data centers and network capacity to serve the needs of Ciber?s customers.

Source: http://www.govconwire.com/2012/10/savvis-completes-acquisition-of-cibers-global-it-outsourcing-business/

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