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Saturday, Jun 3, 2023

SAVVIS sells Thousand Oaks Business Unit

Bloomfield, Colo.-based Level 3 Communications Inc. has shelled out $135 million for the content delivery network services business of SAVVIS Inc., the company announced. The deal for the Thousand Oaks-based content delivery network is expected to close before March. The CDN business employs 50 people and has more 100 customers. The business unit assists in improvement of performance, reliability, scalability and reach of customers’ online content. “The acquisition will enable Level 3 to better address the increasing opportunity presented by rich media applications such as video, Web 2.0 applications, multiplayer online gaming and software as a service over the Internet,” said company President and Chief Operating Office Kevin O’Hara, in a statement. The purchase price includes certain assets, including network elements, customer contracts, and intellectual property used in the content delivery network business.

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