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Savvis Denies Hiring Qatalyst

Qatalyst has had a hand in some of the industry’s profitably contested big ticket transactions lately

Ever since Verizon Communications said it was going to buy the cloud-ified Terremark for $1.4 billion cash a few weeks ago, Wall Street and the press have been trying to deck Terremark competitor Savvis out in a bridal dress too.

Monday Savvis CEO Jim Ousley, who might think Verizon should have bought his company instead and who's clearly watching how the consolidation stars align, denied rumors that he had hired Frank Quattrone's boutique investment bank Qatalyst Partners to sell the joint.

Qatalyst has had a hand in some of the industry's profitably contested big ticket transactions lately like Data Domain and 3PAR.

Ousley told the Wall Street Journal Savvis has talked to other banks recently and has had "more strategic discussions than usual," but none at all with Qatalyst.

Terremark's overseas interests probably made it attractive to Verizon and now Savvis is exploring overseas partnerships like the one it cut recently with Bharti Airtel to get into India.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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