Savvis has announced it has entered into a definitive agreement to acquire Fusepoint, a portfolio company of M/C Venture Partners. Fusepoint is a leading independent provider of managed IT and colocation services to enterprises in Canada.Under the agreement, Savvis will acquire Fusepoint for US$124.5 million in cash, subject to a working capital adjustment. For the first quarter of 2010, Fusepoint's annualized revenue was US$47.4 million.
Fusepoint operates three data centres in Toronto, Vancouver and Montreal, giving the company a national footprint. Fusepoint is well-positioned in the Canadian hosting market, which is still in its early stages of growth. The company has more than 330 marquee customers.
Source: PR Newswire