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IBM, CenturyLink and State of Louisiana create innovative model to drive high-value skills for the Digital Economy

February 18, 2015 by · Comments Off on IBM, CenturyLink and State of Louisiana create innovative model to drive high-value skills for the Digital Economy 

Web Hosting ServicesMONROE, La. and ARMONK, N.Y. – IBM, CenturyLink and the State of Louisiana today announced an innovative public-private partnership that will create high-value, high-tech jobs in Louisiana and fuel the talent demands of the digital economy.

As part of a 10-year business transformation agreement between IBM and CenturyLink, IBM will open and staff the new applications development innovation center in Monroe, creating at least 400 new roles for experienced professionals and drawing heavily on graduates from the state’s colleges and universities.

The rapid adoption of mobile and social technologies over recent years is driving fundamental transformations to business processes and applications. The center will provide IBM’s clients with services that address the increasing demand for flexible software services to create value from big data, cloud computing and mobile-led business transformation. Read more

CenturyLink and Savvis Complete Merger

July 15, 2011 by · Comments Off on CenturyLink and Savvis Complete Merger 

Hosting ServicesMONROE, La. – CenturyLink, Inc. (NYSE: CTL) and Savvis, Inc. today completed their previously announced merger. The combination creates a premier managed hosting and colocation provider with global scale positioned for leadership in meeting customer demand for outsourced IT and cloud services.

“The combination of CenturyLink’s hosting and network assets with Savvis’ proven solutions in colocation, managed hosting and cloud services substantially enhances CenturyLink’s capabilities and immediately provides the company with a solid platform for future growth,” said Glen F. Post, III, chief executive officer and president of CenturyLink. “The transaction helps us meet the accelerating demand for cloud-based services through a robust hosting presence, including 48 data centers in North America, Europe and Asia. CenturyLink is now positioned to address complex customer needs with our colocation, hosting and cloud products.” Read more

Telecommunications Company CenturyLink to Acquire Savvis

April 29, 2011 by · Comments Off on Telecommunications Company CenturyLink to Acquire Savvis 

Webmaster ToolboxMONROE, LA – CenturyLink, Inc. (NYSE: CTL) and Savvis, Inc. (Nasdaq: SVVS) announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of approximately $2.5 billion, plus net debt of approximately $0.7 billion which will be assumed or refinanced at close.

Under the terms of the transaction, Savvis stockholders will receive $30 per share in cash and $10 in shares of CenturyLink common stock, subject to adjustment as described below. The consideration represents an 11% premium over Savvis’ closing stock price as of the close of trading on April 26, 2011 and a premium of 53% compared to Savvis’ stock price at the beginning of the year. Read more

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