NEW YORK -- (Global Society For Asset Management Conference) -- November 10, 2003 – SAVVIS Communications (NASDAQ: SVVS), a global managed service provider, today detailed its overall strategy addressing the evolution of managed media services that builds upon its recent acquisition of the commercial business of WAM!NET, Inc. Companies such as Universal Music Group, ABC News, Time Warner, Sony Pictures, and MSNBC are among the large media organizations already using this Media Services Platform.
The new services, which combine WAM!NET’s proven media content management and distribution services with SAVVIS’ global managed IP network and advanced video transport and transcoding services, address the entire media production, content management, and content distribution workflow.
A growing community of users includes thousands of enterprises, such as broadcasters, film studios, music companies, news organizations, print and publishers, advertising agencies, and large enterprises with valuable brand assets. These companies have all reduced their operational costs, improved time to market and increased the security of their intellectual property by leveraging this collection of media services that are now provided as a managed utility service.
"Content management services associated with digital media, such as digital content management and delivery of managed workflow solutions, are experiencing significant growth in the U.S.," said Ellen Julian, Vice President for Emerging Services Markets at IDC. "Services such as digital asset management, media repurposing, archiving, transport, workflow automation, piracy and electronic distribution, all require a level of cohesion that can become problematic when managed in disparate environments. A compelling opportunity exists for new services that accelerate production workflows for media content. SAVVIS is well-positioned to capitalize on this opportunity with the introduction of its new suite of Managed Media Services."
IDC forecasts that U.S. content management service spending will increase to $4.5 billion by 2007, with a compound annual growth rate (CAGR) of 12.1%. Content management operations remains the fastest growing segment of content management services, projected to grow at 19.2% over the forecast period in the United States to reach $1.2 billion in 2007.
SAVVIS’ media services platform, called WAM!NET Media Services, is delivered on a unique, standards-based architecture that utilizes global network, storage and application hosting infrastructure as a foundation for content creation, digital asset management, and content distribution services. Together, these services enable the industry’s most comprehensive solutions to create, manage and distribute media content. This suite of services is delivered as a managed utility that addresses the entire workflow process from end–to-end and bridges the gaps between content owners, their suppliers and business partners.
By leveraging WAM!NET Media Services to improve their workflow, content owners can remove days from their production process, resulting in increased revenue and reduced content piracy. This new Media Services Platform also enables companies to more cost effectively leverage their content across multiple mediums while greatly simplifying the cross media publishing process. In addition, enterprises with valuable brand assets can more easily manage and share digital media with their supply chain partners, and industries such as financial services, healthcare, education, and professional services can leverage media content to improve the quality of their service offerings or penetrate new markets. “
SAVVIS’ Media Services Platform is groundbreaking in its ability to address the workflow process from end-to-end on a utility basis,” said Clifford H. Friedman, a member of SAVVIS’ board of directors and Senior Managing Director of Constellation Ventures, a Bear Stearns Asset Management fund that invests in companies in the Rich Media market. “What’s more compelling is that SAVVIS delivers this as a managed utility service, so that enterprises can reduce their investments in equipment, improve their time-to-market, reduce the impact of content piracy, and improve overall operational costs.”
The SAVVIS Vision
“SAVVIS’ vision is to be the Application Infrastructure Utility for an ever increasing range of industries,” said Rob McCormick, Chairman and CEO of SAVVIS. “With the acquisition of WAM!NETs commercial business, we have greatly expanded our service offering and our customer base in the areas of media production, management, and distribution and have established SAVVIS as an industry leader in deploying a utility business model across multiple vertical industries such as media and entertainment, print and publishing, and creative services.”
WAM!NET Media Services Elements
The SAVVIS portfolio of WAM!NET Media Services is comprised of several managed services. First, content management, archive, collaboration and distribution services that enable enterprises to easily create, manage and distribute media files of all types, including text, graphics, audio and video in both compressed and uncompressed formats. Second, managed transport services that secure and accelerate the distribution process. And third, media repurposing services which dynamically convert source content into a wide range of distribution formats for applications such as broadcast, media manufacturing (CD/DVD), print and the Internet. This allows content creators and owners to produce the content once and automate the process of reformatting that content for distribution across multiple mediums.
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. ### WAM!NET and SAVVIS are registered trademarks of SAVVIS Communications Corporation. All other trademarks are the property of their respective owners.