CenturyLink buys Savvis for $2.5bn

The third-largest telecommunications services provider in the US has acquired the IT services company, which it will integrate into its existing hosting business

CenturyLink, the third-largest telecommunications services provider in the US, has acquired managed IT services company Savvis, in a deal worth $2.5bn.

In a joint statement on Wednesday, CenturyLink said it plans to integrate its existing hosting business with Savvis' managed hosting and cloud services, where this unit will primarily encompass key members of the current Savvis leadership team and be headed by chairman and chief executive James Ousley.

Savvis' 32 datacentres, located in North America, Europe and Asia, will continue their operations alongside CenturyLink's 16 US-based datacentres, as part of the $2.5bn (£1.5bn) deal.

For more on this ZDNet UK-selected story, see US telco snaps up Savvis for $2.5B on ZDNet Asia.

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