CenturyLink acquires Tier 3 to accelerate cloud platform strategy
Tier 3 forms foundation of CenturyLink Cloud, new Seattle-based Cloud
MONROE, La., and BELLEVUE, Wash., Nov. 19, 2013 /CNW/ - CenturyLink, Inc.
(NYSE: CTL) today announced the acquisition of Tier 3, an innovative provider
of public cloud services based in the Seattle area. Tier 3's cloud platform is
immediately available as "CenturyLink Cloud." In addition, Tier 3's products,
roadmap and vision are now the foundation of CenturyLink's cloud strategy and
anchor the new Seattle-based CenturyLink Cloud Development Center.
"Our mission is to provide world-class managed services to global businesses
on virtual, dedicated and colocation infrastructures. Tier 3's innovative
automation and self-service platform are game-changing for our global
enterprise clients," said Jeff Von Deylen, president of CenturyLink's Savvis
organization. "From greenfield development to mission-critical apps,
businesses have a trusted technology partner to seize new market
opportunities. This acquisition underscores our continued commitment to
delivering the most complete portfolio of cloud services."
Jared Wray, the founder and chief technology officer for Tier 3, will now
serve as chief technology officer for the CenturyLink Cloud organization and
lead the CenturyLink Cloud Development Center. Leveraging the philosophy and
processes at the heart of Tier 3's cloud innovation – including embracing
agile DevOps and open-source development - the Cloud Development Center will
bring together cloud development expertise and unite CenturyLink cloud
technical resources to develop innovative services.
"We founded Tier 3 in 2006 with a vision for cloud services that make life
easier for enterprise developers and IT alike. We now have an amazing home at
CenturyLink to carry this vision forward," Wray said. "Our platform roadmap
will combine with CenturyLink's global network and data center footprint and
managed services team to help change the face of enterprise computing."
The new CenturyLink Cloud – based on Tier 3's public, multi-tenant cloud –
targets complex enterprise workloads and is user-friendly for businesses of
all sizes. With the product's self-service interface, administrators can
quickly create and manage highly available public cloud environments. A web
services API and Cloud Foundry-based Platform-as-a-Service provide a
comprehensive cloud application toolkit for enterprise developers. Recent
analyst reports have recognized Tier 3's depth of capabilities and performance.
This acquisition builds on CenturyLink's earlier AppFog acquisition and
existing cloud solutions that are complemented by CenturyLink's colocation,
managed services and network offerings. The CenturyLink Cloud is available
today in nine data centers around the world.
CenturyLink acquired Tier 3 for an undisclosed price.
For more information, visit www.centurylinkcloud.com.
About CenturyLink CenturyLink is the third largest telecommunications company
in the United States and is recognized as a leader in the network services
market by technology industry analyst firms. The company is a global leader in
cloud infrastructure and hosted IT solutions for enterprise customers.
CenturyLink provides data, voice and managed services in local, national and
select international markets through its high-quality advanced fiber optic
network and multiple data centers for businesses and consumers. The company
also offers advanced entertainment services under the CenturyLink(®) Prism™
TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500
company and is included among the Fortune 500 list of America's largest
For more information, visit www.savvis.com or www.centurylink.com.
Forward-Looking Statements Except for the historical and factual information
contained herein, the matters set forth in this communication, including
statements regarding the expected benefits of the acquisition such as
efficiencies, cost savings, enhanced revenues, growth potential, market
profile and financial strength, and the competitive ability and position of
the combined company, and other statements identified by words such as
"estimates," "expects," "projects," "plans," and similar expressions are
forward-looking statements within the meaning of the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to a number of risks, uncertainties and assumptions,
many of which are beyond our control. Actual events and results may differ
materially from those anticipated, estimated or projected if one or more of
these risks or uncertainties materialize, or if underlying assumptions prove
incorrect. Factors that could affect actual results include but are not
limited to: the possibility that the anticipated benefits from the acquisition
cannot be fully realized or may take longer to realize than expected; the
possibility that costs or difficulties related to the integration of Tier 3's
operations into CenturyLink will be greater than expected; the ability of the
combined company to retain and hire key personnel; the timing, success and
overall effects of competition from a wide variety of competitive providers;
the risks inherent in rapid technological change; the effects of ongoing
changes in the regulation of the communications industry; the ability of the
combined company to effectively adjust to changes in the communications
industry and to successfully introduce new product or service offerings on a
timely and cost-effective basis; any adverse developments in commercial
disputes or legal proceedings; changes in our future cash requirements; and
other risk factors and cautionary statements as detailed from time to time in
CenturyLink's reports filed with the Securities and Exchange Commission. You
should be aware that new factors may emerge from time to time and it is not
possible for us to identify all such factors nor can we predict the impact of
each such factor on the acquisition or the combined company. You should not
place undue reliance on these forward-looking statements, which speak only as
of the date of this communication. Unless legally required, we undertake no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
Image with caption: "Tier 3's cloud platform is immediately available as
"CenturyLink Cloud" at www.centurylinkcloud.com." Image available at:
Image with caption: "The new CenturyLink Cloud – based on Tier 3's public,
multi-tenant cloud – targets complex enterprise workloads and is
user-friendly for businesses of all sizes. CenturyLink Cloud is available now
at www.centurylinkcloud.com." Image available at:
Image with caption: "CenturyLink Cloud CTO: Jared Wray, the founder and chief
technology officer for Tier 3, will now serve as chief technology officer for
the CenturyLink Cloud organization and lead the CenturyLink Cloud Development
Center." Image available at:
SOURCE CenturyLink, Inc.
Media: Justin Lopinot, 314.628.7053, email@example.com; Investor
Relations: Kristina Waugh, 318.340.5627, Kristina.r.Waugh@centurylink.com
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-0- Nov/19/2013 13:31 GMT
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