Fergie's Tech Blog

Level 3 Acquires Savvis' Video Networking Arm

Ben Ames writes on InfoWorld:

Level 3 Communications, Inc. will pay US$135 million to acquire the content delivery network (CDN) division of Savvis, Inc., improving its ability to deliver rich media such as web-based videos over its Internet backbone, the companies said Tuesday.

Level 3 sells space on its global fiber optic network to customers like cable and Internet service providers who host Internet Protocol (IP) services, colocation, voice traffic, voice over IP (VoIP) and broadband Internet connections.

Buying Savvis' CDN business will allow Level 3 to host rich media such as video, Web 2.0 applications, multiplayer online gaming and software as a service, company president and chief operating officer Kevin O'Hara said in a news release.

posted by Fergie @ 12/26/2006 10:14:00 AM