At the Securities Industry Association (SIA) Technology Management Conference today, SAVVIS Communications (NASDAQ: SVVS), a leading global IT utility, showcased financial customers and featured its recently launched end-to-end virtualized services delivery platform. In addition, the company demonstrated marquee financial services customer applications and discussed the Cable & Wireless America asset acquisition which further expands its global presence by adding nearly 3,000 hosting and network services customers, many in the financial services industry.
SAVVIS provided details on its new virtualized services delivery platform that integrates network, hosting, storage, and compute architectures to deliver industry-first virtualized managed utility services. Unlike the traditional service provider model, in which companies must pay for excess and unused capacity, SAVVIS’ virtualized delivery platform routinely and automatically optimizes resource allocation for each client. The combination of on-demand service with the increased reliability from SAVVIS’ integration of carrier class hardware and automated management systems is particularly well-suited for the financial services industry. Additionally, it lessens the burden of capital expenditures and provides a robust environment for legacy systems. As a result, the platform increases a company’s flexibility and agility, making it possible to roll-out new applications, increase server and storage, and expand the network in less time than conventional alternatives.
SAVVIS’ virtualized utility services are made possible through technology partnerships with Egenera, Inkra Networks, 3PAR, and Nortel Networks who contribute key technologies that power the end-to-end platform. Employing a utility model, the new platform enables SAVVIS customers to eliminate expensive hardware and gives them access to a secure, private and completely “virtual” network and hosting infrastructure that cuts internal IT costs by as much as 50 percent.
Each partner in the SAVVIS virtualized utility service offering brings a specific part of the solution:
• The EgeneraTM BladeFrame® system virtualizes data center infrastructure by creating a pool of server resources from which private, secured configurations can be dynamically allocated to support an application;
• Inkra Networks’ Virtual Service Switch centralizes network, security, and performance services onto a single platform that simplifies the management and improves the operation of the network;
• 3PAR InServ’s advanced storage architecture underpins its highly functional, virtualized Utility Storage solution to reduce the cost of storage, restore agility to the storage environment, and enable easy information sharing;
• Nortel Networks Shasta* 5000 BSN delivers virtual routing, security, and application service levels across the SAVVIS network backbone.
SAVVIS announced availability of the virtualized services delivery platform in April and has already won more than a dozen virtualized utility services contracts including several in the financial services industry.
“SAVVIS solutions were designed to meet the service levels and price points demanded by the global financial markets,” said Rob McCormick, chairman and chief executive officer of SAVVIS. “As we have grown, we now offer a broad set of IP services, including our industry leading virtualized utility services, from which financial companies, large and small, can select the unique mix of service components they need to empower their business.”
In addition to the virtualized service platform, SAVVIS customers and unique applications profiled at the SAVVIS SIA booth include:
• EasyScreen (www.easyscreen.com), a global supplier of software for electronic Exchanges, utilizes SAVVIS’ reliable networking and hosting services to expand the company’s global presence for EasyXchange, a multi-asset class trading platform and EasyShield, a pre-trade risk management system;
• FaceTime Communications (www.facetime.com), the leading provider of compliance and security software for instant messaging, leverages SAVVIS’ global network and hosting platform to offer market-leading, extensible, real-time instant messaging security and management solutions that address network and information security, regulatory and corporate compliance;
• HyperFeed (www.hyperfeed.com), a developer of ticker plant technology, partners with SAVVIS to provide the SAVVIS Data Delivery Utility (DDU), a new global network distribution model that enables cost-effective, low-latency delivery of real-time financial content;
• Mandarin Capital Technologies (www.mandarin-capital.com), a global provider of innovative data distribution/display software and advanced analytical tools through its One Financial World® (OFW®) dynamic platform, is partnering with SAVVIS to provide an integrated link between financial providers and end investors with market data from a single or multiple data vendors through easy to use containers on one screen;
• Philadelphia Stock Exchange (www.phlx.com) was founded in 1790 and trades nearly 2,100 stocks, 1,100 equity options, 15 sectors index options, and currency options and futures. It delivers its Remote Competing Specialist System (RCSS) using SAVVIS’ Financial XchangeSM services that enables specialists to remotely make markets in nearly 2,100 listed stocks;
• Tradestream Global (www.tradestreamglobal.com), an innovator in financial software offering advanced order management and analytics applications, will release new versions of institutional products designed to help their clients “Stay Current, Compliant and Competitive.” Tradestream relies on SAVVIS to connect its offices and clients to access exchanges and other liquidity pools around the world.
SAVVIS Communications (NASDAQ: SVVS) is a global IT Utility provider that leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. SAVVIS’ strategic approach combines the use of virtualization technology, a utility services model, and automated software management and provisioning systems. This allows customers to focus on their core business while SAVVIS ensures the quality of their IT infrastructure. With its recent acquisition of the assets of Cable & Wireless America, SAVVIS becomes one of the worlds’ largest providers of IP computing services and the world’s third largest provider of hosting services. For more information about SAVVIS’ Managed Utility Services, visit: . For more information about SAVVIS’ end-to-end media services platform including WAM!NET, visit: www.wamnet.com.
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 for the year ended December 31, 2003, as filed with the Securities and Exchange Commission on February 24, 2004, and all subsequent filings. SAVVIS assumes no obligation to update or supplement forward-looking statements.
Carter B. Cromley