Cloud Computing: Savvis Buying Part of Ciber

Savvis is buying parts of Ciber’s global IT Outsourcing (ITO) business for $7 million in cash plus a cash earn-out payment based on performance through December 2013.
It’s supposed to expand Savvis’ application management services and help desk support.
The acquisition includes client and vendor relationships, infrastructure, technology and facilities in several countries.
Savvis expects to hire the approximately 750 people who currently support Ciber’s global ITO business. Savvis plans to provide ITO clients with continued IT outsourcing support besides offering its enhanced capabilities, including cloud services.

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