Savvis to Acquire Fusepoint from M/C Venture Partners for $124.5 million in cash. This will include the three data centers Fusepoint operates in Canada including Toronto, Vancouver and Montreal. This announcement occurred earlier today.

“The acquisition of Fusepoint is a step toward one of our most important goals to expand our geographic presence around the world,” says Jim Ousley, Savvis chairman and CEO. “Our largest customers have been asking us to expand into Canada, and the acquisition of Fusepoint allows us to do so in a seamless and efficient manner. Our best-in-class product set and strong vertical market focus meshes well with Fusepoint’s fast growth and deep penetration of Canadian enterprises. Fusepoint has a great track record and extends Savvis’ reach into the highly promising Canadian hosting market including Toronto, the financial center of Canada.”

Fusepoint’s three data centers have a total of more than 40,000 sellable square feet, with the largest one in Toronto at 28,000 sellable square feet. Over the past several years the company has made significant investments in its data centers. This will all help Savvis to expand their cloud infrastructure and hosted IT solutions making them a large player in Canada cloud hosting.