US-based data center provider Savvis has completed the acquisition of the Canadian provider Fusepoint, adding three data centers in Toronto, Vancouver and Montreal to its portfolio. The $121m all-cash deal expands Savvis' inventory by a total of 40,000 sq ft of data center floor, currently serving more than 300 customers, and gives the provider immediate presence in Canada.

"Not only will we have a Canadian platform ÔÇô which our largest clients have requested ÔÇô Fusepoint's clients will gain access to Savvis' global footprint and enterprise-class managed service offerings," Savvis CEO Jim Ousley said in a statement. "This deal is consistent with our strategy to further strengthen our hosting business, to expand geographically and to focus on major financial centers like Toronto."

The acquisition price announced Wednesday was slightly lower than the $124.5m price cited in the buyer's initial announcement of the deal earlier this month. Savvis financed the deal partially by cash on-hand and partially by funds from its revolving credit facility led by Wells Fargo Capital Finance.

Fuzepoint reported $41.7m in revenue in 2009. Savvis' 2009 revenue was $874.4.

The buyer operates data centers in the US, Europe and Asia.