HERNDON, VA -- June 26, 2003 – SAVVIS Communications (NASDAQ: SVVS), a global managed IP and managed hosting services provider with U.K. operations in London and Reading, has won six new managed hosting services contracts with U.K.-based companies in recent months, increasing dramatically SAVVIS’ hosting presence in the British market.
Among SAVVIS’ new U.K. customers are networking hardware distributor Crane Telecommunications, online derivatives trader EasyBroker, British government agency Food Standards Agency, web developer I-Next, office products maker Xerox, and human resources applications developer Zynap.
A common element in each of the contract wins was SAVVIS’ ability to provide a tier-one data center offering high-performance, fully managed hosting services, state of the art system security, and 24/7/365 technical support — all out of SAVVIS’ Reading-based Global network operation center (NOC) with back-up support from their U.S. and Tokyo NOCs.
Managed hosting, the provision of bundled services that enable companies to forego the purchase and maintenance of their own servers and network connections, currently represents one of the highest growth areas in telecommunications. Independent studies conducted by IDC project the hosting sector will grow to over $10 billion by 2007, from its current projection of $5.6 billion in 2003.
“SAVVIS has a history of serving the high-performance network needs of European companies such as the Royal Bank of Scotland, Credit Suisse First Boston, and the London Metal Exchange. We are now beginning to also gain real traction in hosting, as these recent U.K. customer wins indicate,” SAVVIS Managing Director of EMEA, Richard Warley said. “I am particularly pleased to see that the wins come from such a diverse range of industries, as we believe this is a reflection of our ability to tailor our services to customers’ unique requirements.”
“We look forward to expanding our presence in the U.K. market and believe we will be most successful in doing that by continuing to provide our customers with unparalleled system reliability, customer service and cost efficiencies,” Warley added.
In addition to its six new U.K. customer wins, SAVVIS’ key customers include HSBC, London Metal Exchange, The New York Stock Exchange, The Montreal Derivatives Exchange, The Chicago Board Options Exchange, The Boston Stock Exchange, The Merchants’ Exchange, State Street’s Global Link, Discovery Communications, CollectiveBid, LiquidNet, State Street Bank, Market Axess, Reuters, Fitch Ratings, MoneyLine Telerate, as well as a growing list of mid-market enterprises such as Looksmart, Shearman & Sterling, Exult, RM Crowe, Travelocity, and Continental Airlines and AdPlex Rhodes.
In addition to its managed hosting services business, SAVVIS operates a global data communications network spanning 110 cities in 45 countries, encompassing Europe, the United States, Canada, Latin America, Middle East, and Asia.
SAVVIS Communications (NASDAQ: SVVS) is a leading managed services provider that delivers IP VPNs (virtual private networks), hosting, and application services to businesses. SAVVIS solutions are designed for industries with demanding information technology requirements including legal, media, retail, professional services, healthcare, manufacturing, and financial services.
Known as The Network that Powers Wall StreetSM, SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and WorldCom, and its network reliability was declared “perfect” in Network World magazine's groundbreaking study of backbone performance. SAVVIS recently won the first ever American Business Awards “Stevie”TM in the category of “Best Customer Service Organization.” SAVVIS’ managed hosting services were awarded the Service Provider Excellence Award by Boardwatch magazine for its virtualized approach to managed hosting, and the Market Engineering Award from Frost & Sullivan for product differentiation and innovation.
For more information about SAVVIS’ Intelligent IP NetworkSM and managed hosting solutions, visit: .
Carter B. Cromley
Director of Public Relations & Analyst Relations
703 234 8033 firstname.lastname@example.org
202 828 9710