Savvis Communications (SVVS) is denying a report by PE Hub that it has hired investment bank Qatalyst Partners as a financial adviser. Savvis has been mentioned as a potential buyout target in recent speculation about cloud computing acquisitions.
Savvis Communications (SVVS) will expand its data center facilities in Atlanta, Seattle and New Jersey as it continues to add capacity to accommodate the growth of its managed hosting and cloud. computing business.
Savvis is looking to leverage its relationship with Thomson Reuters to expand its data center network to emerging global financial centers, including locations in Brazil, Mumbai and Sydney, Australia, the company said Monday.
Savvis (SVVS) this week announced the opening of the NJ2X expansion to its financial services data center complex in Weehawken, N.J. The new data center allows Savvis to meet growing demand for its proximity hosting trading service.
Savvis (SVVS) will acquire Canadian managed IT and colocation provider Fusepoint Inc. for $124.5 million in cash. Fusepoint, a portfolio company of M/C Venture Partners, operates three data centers in Toronto, Vancouver and Montreal.