St. louis, MO, January 10, 2007— SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced that it has recently completed an examination in conformity with Statement on Auditing Standards No. 70 (SAS 70), Service Organizations for the period November 1, 2005 through October 31, 2006 that was performed by Deloitte & Touche LLP.
Completion of the SAS 70 Type II examination indicates that selected SAVVIS processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The examination included the company’s controls related to security monitoring, change management, problem management, backup and environmental controls, logical and physical access.
SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 reports even more important to the process of reporting on effective internal controls by public companies.
A SAS 70 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers. A Type II report not only includes the service organization's description of controls, but also includes detailed testing of the service organization's controls.
“As one of the world’s leading providers of managed IT infrastructure services, SAVVIS is committed to developing and refining systems that fully secure our service delivery infrastructure," said Tim Caulfield, Senior Vice President of Operations for SAVVIS. “A SAS 70 examination is an important factor as customers evaluate outsourcing their IT infrastructure to a service provider with an eye toward meeting their own stringent compliance requirements.”
SAVVIS selected Deloitte & Touche LLP to perform the examination because of their vast number of experienced resources with internal controls and SAS 70 expertise.
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 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 24 data centers, and automated management and provisioning systems. For more information about SAVVIS, visit www.savvis.net.
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
Ricochet Public Relations
Ricochet Public Relations
(212) 679-3300 ext. 111