ST. LOUIS, MO, January 18, 2006 — SAVVIS, Inc. (NASDAQ: SVVS), a leading global IT utility services provider, 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 December 1, 2004 through October 31, 2005 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.
"SAS 70 compliance continues to grow as one of the most important security and quality standards,” said Michael Tardif, Vice President and General Manager, Global Hosting Services for SAVVIS. “As one of the world’s leading providers of managed IT infrastructure services, SAVVIS continues to develop and refine comprehensive systems to secure our service delivery infrastructure. SAS 70 compliance further increases our customers trust in outsourcing some, or all, of their IT infrastructure to us, while enabling them to meet 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 IT utility services provider that focuses exclusively on IT solutions for businesses. With an IT services platform that extends to 47 countries, 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
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