Savvis Inc., a subsidiary of
), recently unveiled the Savvis Enterprise Cloud Ecosystem program.
The technology will add flexibility to Savvis' enterprise cloud
computing environment through partnerships with innovative cloud
The Cloud Ecosystem will enable enterprise customers to provide
facilities like cloud orchestration and brokerage services like
cloud integration, sourcing and procurement, vendor management,
cloud governance and control services. The technology is expected
to add value to the existing cloud (private, hybrid or public)
computing setup of any business.
The growing dependence on information technology and increasing
complexities have led enterprises customers to seek simplified
technology solutions that cater to their day to day business needs.
The cloud ecosystem has been designed to address customers' need
for cloud governance and its lifecycle management.
With the acquisition of Savvis, CenturyLink forayed into the
cloud computing business, which is growing by leaps and bounds. The
acquisition strengthened CenturyLink's footprint in the hosting
managed cloud services business with data centers in North America,
Europe and Asia.
The company continues to expand data centers this year with a
view to generate higher revenue growth in managed hosting and cloud
services. These acquisitions bequeathed several additional benefits
along with greater scale and operational efficiencies, providing
the company with a competitive edge over market giants like
Verizon Communications Inc.
We maintain our long-term Neutral recommendation on CenturyLink
Inc. The stock also has a Zacks #3 Rank, implying a short-term Hold
CENTURYLINK INC (CTL): Free Stock Analysis
AT&T INC (T): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
To read this article on Zacks.com click here.