Fusepoint acquired by Savvis for US$124.5 million

Fusepoint Inc., one of the larger managed IT infrastructure and colocation services providers in Canada, has been acquired by Savvis Inc. (NASDAQ: SVVS) for US$124.5 million.

The parent company of Fusepoint, M/C Venture Partners, has agreed to sell Fusepoint to Savvis for US$124.5 million in cash, subject to a working capital adjustment, with the deal expected to close. Based in St. Louis, Savvis is an international cloud infrastructure and hosted IT solutions provider, with international offices in the UK, Singapore and Japan.

In a statement, Jim Ousley, Savvis chairman and CEO, said the Fusepoint acquisition is about expanding that geographic presence.

“Our largest customers have been asking us to expand into Canada, and the acquisition of Fusepoint allows us to do so in a seamless and efficient manner,” said Ousley. “Our best-in-class product set and strong vertical market focus meshes well with Fusepoint’s fast growth and deep penetration of Canadian enterprises. Fusepoint has a great track record and extends Savvis’ reach into the highly promising Canadian hosting market including Toronto, the financial centre of Canada.”

Fusepoint operates data centres in Vancouver, Toronto and Montreal serving over 330 customers, along with a growing channel program.

“We’re pleased to become a part of the Savvis family, as we believe our offerings are very complementary and highly synergistic,” said Fusepoint CEO George Kerns in a statement. “By folding our footprint into Savvis’ global operations, we’ll be able to better serve our customers, by providing them with a broader range of services and access to a global footprint with leading-edge technology.”

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Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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