Century Link, a US-based telecommunications company, has acquired US-based cloud computing and storage firm Tier-3, which is backed by investors including Intel Capital, for an undisclosed price.
Previously, in October 2012, Tier-3 raised $10m in a series B round led by Intel Capital. Existing backers venture firms Madrona Venture Group and Ignition Capital also participated in the round, bringing the company’s total funding to $18.5m.
Tier 3’s cloud platform has been renamed “CenturyLink Cloud”, while Tier 3’s products, roadmap and vision are now the foundation of CenturyLink’s cloud strategy and anchor its new, Seattle-based CenturyLink Cloud Development Center.
Jeff Von Deylen, president of CenturyLink’s Savvis organization, said: “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. 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, founder and chief technology officer for Tier 3, said: “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. 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.”