ST. LOUIS, July 29, 2009 – Savvis, Inc. (NASDAQ:SVVS), a global leader in outsourced internet infrastructure services for the enterprise, today announced that Credit Suisse AES Crossfinder® is being hosted in the company’s NJ2 data center in Weehawken, NJ. AES Crossfinder® will leverage Savvis’ hosting and storage services, including its low latency Proximity hosting solution, along with low latency exchange connectivity via Savvis’ private, managed global financial network.
Dark pools, such as AES Crossfinder® enhance trading speed, capacity and reliability for their customers. For the month of May, AES Crossfinder® was the largest U.S.-based dark pool in terms of volume.**
“We’re very pleased to continue to expand our financial services leadership with the addition of Credit Suisse AES Crossfinder®,” said Varghese Thomas, Vice President of Financial Services for Savvis. “The addition of a high-volume customer like AES Crossfinder® further demonstrates the benefits Savvis has seen as a result of its investment in the financial IT infrastructures that deliver a wide variety of low latency connectivity to the world’s leading exchanges.”
“Credit Suisse recognizes the importance of the IT infrastructure underlying key services such as AES Crossfinder®,” said Dmitri Galinov, Director and AES Head of Liquidity Strategy, Credit Suisse. “We are confident that Savvis will deploy a cost-effective infrastructure that will provide us with the low latency solutions that our customers are demanding, allowing us to focus on core competencies and differentiate our offering in the market place.”
According to Rosenblatt Securities, a leader in dark pool and global exchange analysis, dark pools have grown dramatically over the past two years. As a group they executed 8.57 percent of all U.S. equity volume in May, up from approximately 5.00 percent at the beginning of 2008.
Each day, Savvis handles approximately one-third of all dark pool volume in the U.S. equity market out of its New York area data centers. The company currently operates 28 data centers globally, with more than 1.4 million square feet of high-quality raised floor space designed to support enterprise IT operations. In addition, Savvis was recently positioned as a leader in the Gartner Magic Quadrant for Web Hosting and Cloud Infrastructure (on Demand), 2009 www.savvis.net/magicquadrantleader.
** Source: Rosenblatt Securities Inc. Monthly Dark Liquidity Tracker published June 29, 2009
Savvis, Inc. (NASDAQ:SVVS) is a global leader in outsourced internet infrastructure services for the enterprise. More than 4,000 customers, including 40% of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information about Savvis, visit www.savvis.net
Savvis Forward-Looking Statements
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.
Peggy Reilly Tharp