M&A Deal Summary

Lumen Acquires Savvis

On April 26, 2011, Lumen acquired information technology company Savvis for 3.2B USD

Acquisition Highlights
  • This is Lumen’s 1st transaction in the Information Technology sector.
  • This is Lumen’s 4th largest (disclosed) transaction.
  • This is Lumen’s 7th transaction in the United States.
  • This is Lumen’s 2nd transaction in Missouri.

M&A Deal Summary

Date 2011-04-26
Target Savvis
Sector Information Technology
Buyer(s) Lumen
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Morgan Stanley (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Savvis

Town & Country, Missouri, United States
Savvis, Inc. is a provider of cloud infrastructure and hosted IT solutions for enterprises.

Search 197,704 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Lumen

Monroe, Louisiana, United States

Category Company
Founded 1968
Sector Communications
Employees27,000
Revenue 14.6B USD (2023)
DESCRIPTION
CenturyLink office location in downtown St. Paul, Minnesota.
CenturyLink office location in downtown St. Paul, Minnesota.

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.


DEAL STATS #
Overall 7 of 17
Sector (Information Technology) 1 of 8
Type (Add-on Acquisition) 5 of 15
State (Missouri) 2 of 2
Country (United States) 7 of 16
Year (2011) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-22 Qwest Communications International

Monroe, Louisiana, United States

Qwest Communications International, Inc. provides communications services to residential, business, governmental, and wholesale clients in the United states and internationally.

Buy $22.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 AppFog

Portland, Oregon, United States

AppFog, Inc. is a provider of instant installation and N-tier scalable cloud deployment for PHP and other applications.

Buy -