HERNDON, VA – November 19, 2003 – SAVVIS Communications (NASDAQ: SVVS), a global managed services provider, today announced that it has broadened the reach of its global Intelligent IP NetworkSM to provide cost-effective, business-class DSL access for managed VPNs to more than 1,000 small, medium and large markets across America.
Previously, companies with locations in smaller US markets, as well as companies with small offices in larger cities, could not afford or did not have access to the type of global IP infrastructure SAVVIS offers. Typically, they would implement relatively expensive T1-connections to support their business needs. The SAVVIS business-class DSL for managed VPNs provides a less expensive option to connect to its high performance global network and implement many of the managed services than SAVVIS customers in major markets currently employ.
Commenting on SAVVIS newly expanded footprint, Steven Harris, research manager at IDC, said, "With this announcement, SAVVIS is leveraging its heritage in the financial services sector to expand their reach to branch locations and SMEs that are well served by DSL, utilizing its speed at a cost substantially below that for a T1. The access agnostic strategy also develops an underserved market, since most large U.S. carriers focus on only the largest corporations. SMEs and smaller branch locations are just as likely to have an interest in, and need for, IP VPN services, but are unlikely to be served by an established business-class carrier at present." SAVVIS Intelligent IP NetworkingSM combines the ubiquity and cost-effectiveness of an IP VPN with the reliability and security of private, leased line networks.
SAVVIS’ Intelligent HostingSM is a fully managed service with no hardware investment required. Additional services are also available, such as firewalling, load balancing, SSL acceleration, and rate shaping, all without customers having to purchase equipment. Because of its virtualized approach, SAVVIS can effectively manage the end to end solution and offer industry leading VPN capabilities very cost effectively.
SAVVIS Communications (NASDAQ: SVVS) is a leading Managed Services Provider that delivers private IP VPNs (virtual private networks), hosting, IP voice and application services to businesses. SAVVIS solutions are designed for industries with demanding IP requirements, including legal, media, retail, professional services, healthcare, manufacturing, and financial services. With its recent acquisition of the commercial business of WAM!NET, the company now delivers fully managed media services that enable organizations to share, collaborate, store and manage content with their partners and clients, and accelerate their workflows in the process.
SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and MCI/WorldCom. Known as The Network that Powers Wall StreetSM, its network reliability was declared “perfect” in Network World magazine’s groundbreaking study of backbone performance. SAVVIS recently won the 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: . For information about WAM!NET visit: www.wamnet.com.
This press release 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, 2002, as filed with the Securities and Exchange Commission on February 28, 2003.
Carter B. Cromley