Level 3 Communications, Inc. will acquire the content delivery network (CDN) services business of Savvis, Inc. for $135 million.

Savvis Communications will invest $33 million on Cisco routers for a new IP network to connect its 25 data centers.

Entellium, a privately held maker of CRM software, is expected to announce a wide-ranging alliance with SAVVIS.

SAVVIS, Inc. is partnering with TeleBermuda and TeleCayman to offer its services to financial companies in Bermuda and the Cayman Islands.

The average price of colo contracts at SAVVIS is half the current market price, and the company is repricing contracts at $50 a square foot as they come due.

SAVVIS made $36M by executing an option to purchase its Dallas data center and then doing a sale-leaseback the next day.