Savvis Inc. - an affiliate of leading telecom service provider
) - announced plans to enlarge its global foothold with the
expansion of 10 data centers within 2013.
Considering the growing demand for enterprise cloud, managed
hosting, network and colocation services, the company will
inaugurate two data centers - one each in Hong Kong and London.
Along with this, Savvis will expand other existing data centers
in eight cities, namely, Boston, Atlanta, Dallas, Piscataway,
Tampa, Washington, D.C., London and Singapore.
This enhancement will add approximately 85,000 square feet of new
space to Savvis' worldwide presence. With over 50 data centers
spanning across North America, Europe and Asia, Savvis dedicates
nearly 2.4 million square feet to data centers.
Savvis aims to capture more businesses by increasing its data
center wings in strategically suitable and secure locations,
boosting the interconnectivity of the company's core operations.
In mid 2011, CenturyLink acquired the information technology (IT)
services provider Savvis that specializes in cloud infrastructure
and hosted IT solutions for $2.5 billion. Since then, the unit
has contributed immensely in uplifting the performance level of
Apart from launching two cloud products - Savvisdirect and
Symphony Cloud Storage -in Dec 2012, Savvis started
subscription-based hosting services for
) HANA platform - an enterprise data product - in March this
CenturyLink, which has business tie-ups with
Verzion Communications Inc.
), has a Zacks Rank #3, implying a Hold rating.
We expect the company to perform impressively in the coming
months backed by broadband expansion, completion of fiber builds,
better cloud computing services and the launch of Prism TV in new
However, stiff competition from other low-cost telecom operators
LEAP Wireless International Inc.
), regulatory issues and the constant need for technology
upgrades may impede the company's operating performance going
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