GREENWOOD VILLAGE – Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, announced it has entered into an agreement with Colorado-based Ciber (NYSE: CBR) in which Savvis will buy certain assets of Ciber’s global IT Outsourcing business.
The agreement calls for Savvis to pay $7 million in cash at closing, plus additional future consideration in the form of a cash earn-out payment based on results through December 2013, the company said.
Ciber is a global information technology consulting and managed services company. Assets being purchased include client and vendor relationships, infrastructure, technology and facilities in several countries.
Savvis said it expects to hire the approximately 750 people who currently support Ciber’s global ITO business.
“The acquisition of Ciber’s global ITO business will complement Savvis’ existing ITO assets by expanding the organization’s capabilities for application management services and help-desk support,” said Jim Ousley, Savvis’ CEO and president of CenturyLink’s Enterprise Markets Group.
“Ciber’s ITO customers will also benefit by gaining access to Savvis’ global footprint, services and account teams.”
“This action aligns with Ciber’s strategies to continue to narrow our focus on core offerings and market segments and to drive growth through strategic partnerships with businesses that have scale and are leaders in the industry,” added Dave Peterschmidt, Ciber’s CEO.