ST. LOUIS, MO, March 8, 2005 — SAVVIS Communications (NASDAQ: SVVS), a leading global IT utility, today announced that Matt Fox has been named Vice President, Financial Services in charge of the company’s financial services industry strategy, solutions, and go-to-market programs. Matt joins SAVVIS from SWIFT, a financial industry-owned co-operative, where he led the SWIFTNet FIX initiative.
With more than ten years delivering information technology services to the financial services industry, SAVVIS’ infrastructure today extends to 47 countries and includes 24 data centers in the United States, Europe, and Asia with more than 21,000 fully-managed network end points. The company has over 5,000 enterprise customers including many of the world’s largest banks, brokers, investment managers, insurance companies.
SAVVIS continues to expand the scope of its product offerings to include a broad range of advanced managed network and hosting services which uniquely address the mission critical requirements of financial customers. In addition, SAVVIS delivers application services delivered via its global IT infrastructure that address specific workflow issues in the financial services industry. These solutions enable electronic trading, deliver direct data feeds from leading exchanges such as Nasdaq, and provide normalized, raw data feeds using a unique utility model and multicast technology. Most recently, SAVVIS introduced virtualized utility services from which financial companies, large and small, can select a unique mix of server, storage, and network capacity that enables on-demand scalability and improved availability at a disruptively low cost.
“Matt’s experience, combined with his instinct for innovative services for the financial services marketplace, makes him an ideal choice to lead our continued expansion in this important vertical market,” said Vince DiMemmo, Senior Vice President, Product and Marketing, for SAVVIS. “We continue to grow across industries and Financial Services remains one of our top priorities.”
“I am very excited to join SAVVIS as they continue to expand as one of the world’s largest providers of IT infrastructure services,” said Matt Fox, Vice President, Financial Services for SAVVIS. “SAVVIS’ portfolio of high-performance, cost-effective IT solutions, along with their proven reputation for innovation, has enabled them to further extend a leadership position in the financial services industry. I look forward to working with customers and the SAVVIS management team, leveraging my skills, experience, and relationships to grow their business.
SAVVIS Communications (NASDAQ: SVVS) is a global IT utility services provider. With an IT services platform that extends to 47 countries, 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. SAVVIS’ strategic approach combines the use of virtualization technology, a utility services model, and automated software 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
Ricochet Public Relations