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Savvis is a subsidiary of Lumen Technologies (formerly CenturyLink) that sells managed hosting and colocation services headquartered in Town and Country, Missouri.The company owns more than 50 data centers [1] spread across North America, Europe, and Asia and provides information technology consulting.
Citi analyst Michael Rollins noted data center stocks Equinix, Inc (NASDAQ: EQIX), Digital Realty Trust, Inc (NYSE: DLR), Cyxtera Technologies, Inc (NASDAQ: CYXT) were down an average of >5% on ...
The company sought to acquire data centers that belonged to defunct internet service providers. [3] In 2004, the company's predecessor acquired 5 data centers from Savvis for $52 million in a leaseback transaction. [4] In 2005, the company's predecessor acquired a 230,000 square foot data center from AOL for $58.5 million. [5]
Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
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Lumen Technologies, Inc. (formerly CenturyLink, Inc.) is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services.
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Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P)