ST. LOUIS, Mo., — February 12, 2009 — Leveraging its heritage specializing in fully managed, outsourced IT infrastructure and virtualized utility services, Savvis, Inc. (NASDAQ: SVVS), today unveiled Savvis Cloud Compute, a new virtual data center hosting and private cloud computing solution providing enterprises with an opportunity to cut costs without having to sacrifice security or performance.
With the introduction of an advanced customer portal, these new offerings feature enhanced user control and flexibility in provisioning virtual compute and storage capabilities on top of both private and shared platforms. This enables “right-sized computing” via the ability to purchase fractional compute resources on demand by the “instance” with flexible month-to-month business terms.
Savvis Cloud Compute provides essential benefits for enterprises that have substantial fluctuations in web traffic and computing requirements from heavy business day peaks. Immediate benefits are available for SaaS applications, seasonal web eCommerce traffic, and financial trading applications. In addition, Savvis Cloud Compute assists in the implementation of disaster recovery for back-office locations, and shifting test and development environments to lower cost footprints.
Savvis Cloud Compute inaugurates Savvis’ moving its utility compute and storage solutions into the cloud and marks the first in a series of new, integrated value-added IT solutions delivered in cloud technology that Savvis will roll out this year.
Market demand for cloud computing services continues to expand. IDC estimates spending on IT cloud services to grow nearly threefold, from $16.2 billion in 2008 to $42 billion in 2012. This forecast includes business applications, application development and deployment, system infrastructure software, storage and servers. This according to IDC’s Cloud Services Forecast 2008-2012: A Key Driver of New Growth, authored by IDC analyst Frank Gens.
"The emergence of enterprise-class, cloud computing solutions is a significant development for the industry,” said Melanie Posey, Research Director at IDC. “The new macro economic environment and the attendant budgetary constraints are forcing cost conscious enterprises of all sizes to take a closer look at more cost-effective operating-expenditure models. This, in turn, is increasing interest in outsourced, private cloud solutions that offer flexible resource allocation capabilities along with the security and performance guarantees that enterprises require. Managed hosting and IT infrastructure service providers focused on virtualization and IT infrastructure-as-a-service are well-positioned to derive significant revenue from evolving cloud-based models.”
“Utility computing was the forerunner for what evolved into the enterprise cloud computing solutions we are seeing today,” said Bryan Doerr, Savvis Chief Technology Officer. “Savvis pioneered virtualized IT services in the network and the data center and is proud to continue expanding these capabilities with cloud-based IT infrastructure as a service. Enterprises who previously outsourced some or very little of their IT Infrastructure will see this as an incredible opportunity to deliver a steep improvement in the efficiency of their spending on infrastructure, allowing them to deliver more with less.”
Savvis, Inc. (NASDAQ:SVVS) is an outsourcing provider of managed computing and network infrastructure for IT applications. By outsourcing to Savvis, enterprises can focus on their core business while Savvis ensures the quality of their IT infrastructure. Leading IT organizations around the world have selected Savvis to help them improve their service levels, reduce capital expense and deal with the rising costs of bandwidth, energy, real estate, staff and expertise. As a pioneer in utility computing, Savvis understands and harnesses the latest advances in technology like virtualization, cloud computing and support process automation. For more information about Savvis, visit www.savvis.net Savvis
This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from Savvis’ expectations. Certain factors that could affect actual results are set forth as risk factors in Savvis’ SEC reports and filings, including its annual report on Form 10-K and all subsequent filings as well as the risk that potential product cost and performance benefits may not be realized for any particular customer. Savvis assumes no obligation to update or supplement forward-looking statements.