Jul, 2003 : SAVVIS to Acquire WAM!NET for $3 Million

📅 July 31, 2003 - SAVVIS Communications (savvis.com) announced yesterday that it has agreed to purchase WAM!NET Inc.'s commercial business for $3 million.

WAM!NET is a provider of content management and delivery services.
SAVVIS said the acquisition will add critical application expertise in the content management and rich media industry to its portfolio and support its plans to deliver expanded network-based rich media applications services, such as digital content management, collaboration, archiving and delivery services, in addition to SAVVIS' current managed video transport and transcoding capabilities.
"We view WAM!NET as a strategic addition that will help us to achieve our goal of becoming the leading global IT utility for content management and delivery, providing industry-smart application services and fully managed network-based services," said Rob McCormick, chairman and CEO or SAVVIS. "With this acquisition, we can offer SAVVIS' customers a new set of services that have already proven valuable for many of the world's largest corporations, including media and music companies."
With headquarters in Herndon, Virginia and St. Louis, Missouri, SAVVIS Communications is a managed services provider that delivers IP VPNs, hosting, and application services to businesses.

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