ST. LOUIS, MO – July 18, 2006 – SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced that SAVVIS Board member Clifford H. Friedman has resigned his position effective July 14 to focus more on emerging companies. The board has 10 members following his resignation.
Friedman, Managing Member of Constellation Ventures, was appointed to SAVVIS’ Board of Directors in July 2002. Constellation is a media, communications and technology venture capital fund that manages $450 million in venture capital and maintains an ownership position in SAVVIS.
“In my four years on SAVVIS’ Board, it has been my privilege to represent SAVVIS’ shareholders and help guide the strategy as the company grew from a niche financial network services provider to a global hosting powerhouse that provides IT infrastructure as a service,” Friedman said. “SAVVIS is in great hands with Phil Koen and his new management team, and I believe now is the right time to step down and dedicate more time to new companies in which Constellation will be investing.”
Commenting on Friedman’s resignation, SAVVIS CEO Phil Koen said, “We are grateful for Cliff’s expertise and support as we launched a comprehensive set of digital content services and grew our sales and services team focused on the media & entertainment vertical. We appreciate Constellation Ventures’ continued investment in SAVVIS and wish Cliff well in his future investments.”
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS has over 5,000 enterprise customers and leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. These solutions enable customers to focus on their core business while SAVVIS ensures the quality of their IT systems and operations. SAVVIS’ strategic approach combines virtualization technology, a global network and 25 data centers, and automated management and provisioning systems. For more information about SAVVIS, visit: .
This document contains 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. SAVVIS assumes no obligation to update or supplement forward-looking statements.
Carter B. Cromley
SAVVIS , Inc.