ST. LOUIS, Mo. & HAMILTON, Bermuda – August 1, 2006. TeleBermuda International Limited (“TBI”) and TeleCayman Limited (“TCL”), both leading international telecommunications carriers in Bermuda and the Cayman Islands respectively, and SAVVIS, Inc. (NASDAQ: SVVS), a global leader in IT infrastructure services for business applications, today jointly announced a comprehensive distribution agreement effectively giving TeleBermuda and TeleCayman exclusive rights to offer select SAVVIS solutions in Bermuda and the Cayman Islands.
Under the terms of the agreement, TeleBermuda and TeleCayman will leverage SAVVIS’ industry-leading global private financial network to develop and market products and services to clients, primarily in banking and finance, insurance and reinsurance, and hedge fund industries. As part of the agreement, SAVVIS’ global private network infrastructure will be connected directly to TeleBermuda’s and TeleCayman’s Network Operation Centers in Bermuda and the Cayman Islands. SAVVIS’ product offering will complement the voice, private lines, dedicated Internet, DSL and hosted business continuity products and services that are already offered by TeleBermuda and TeleCayman.
The combined solution will also enable thousands of customers already connected to SAVVIS’ Financial Extranet to access Bermuda and the Cayman Islands’ lucrative financial markets to submit a variety of trade-related messages, including indications of interest, order routing, and trade executions, and carry out other Financial Information eXchange (FIX) and non-FIX transactions. Bermuda and the Cayman Islands have emerged as jurisdictions that specialize in insurance, re-insurance, banking and hedge funds, and the partnership will cater specifically to these industries with innovative products and services.
SAVVIS’ global financial extranet provides application connectivity to all the major exchanges, market data feeds, and the ability to connect to over 4,700 financial community end-points. These represent buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world. SAVVIS’ IT infrastructure today extends to 45 countries and includes 25 data centers in the United States, Europe, and Asia with more than 21,000 fully-managed network end points.
“SAVVIS brings a heritage of innovation and proven managed IT services for financial markets,” said Raul Nicholson-Coe, President and Chief Operating Officer for TeleCayman. “SAVVIS’ ultra low latency financial extranet and global hosting services opens a myriad of IT solutions and opportunities for our customers.”
“Any institution connected to TeleBermuda and TeleCayman will now be able to access one of the world’s leading global financial networks through a single managed connection, eliminating the need to manage multiple providers,” said Gregory Swan, Executive Vice President and Chief Operating Officer for TeleBermuda. “SAVVIS enhances TeleBermuda’s and TeleCayman’s breadth of services, opens new business opportunities in the marketplace, and strengthens our position for future growth.”
“TeleBermuda and TeleCayman are ideal carriers for leveraging SAVVIS’ proven financial network services to expand and enhance their solution portfolio,” said Michael Cooleen, Vice President & General Manager, SAVVIS Financial Markets division. “SAVVIS’ deep heritage in financial services combined with TeleBermuda and TeleCayman’s extensive footprint throughout key financial communities in Bermuda and the Cayman Islands, opens up new solutions for our respective customers and expands SAVVIS’ global sales reach.”
SAVVIS continues to expand the scope of its product offerings for the financial services industry. These offerings include a broad range of advanced managed network and hosting solutions tightly integrated with market data feeds, thousands of financial institutions, and leading financial application services providers. SAVVIS financial services solutions enable electronic trading and straight through processing, deliver direct data feeds from leading exchanges such as Nasdaq, and provide normalized, raw data feeds using a unique utility model and multicast technology. In addition, SAVVIS is a leader in delivering virtualized IT 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.
About TeleBermuda International Limited
TeleBermuda International Limited, (TBI) is an established international telecommunications carrier that provides long distance voice, data (ATM, Frame Relay and MPLS), Internet, offshore co-location hosting and business continuity services. During its ten years of operation in Bermuda, TBI has become recognized as a leading provider of telecommunication solutions with innovative and competitive products and services to the commercial, residential and international carrier markets. TBI has successfully built an effective and profitable business with its state-of-the-art sub-sea fiber optic capacity has invested in new technology that has differentiated TBI from its competitors. For more information about TeleBermuda, visit: www.telebermuda.com
About TeleCayman Limited
TeleCayman Limited (TCL) is licensed by the Information and Communications Technology Authority as a full licensed telecommunication service provider to offer residents and business customer’s local and international voice, Internet and data using the latest advanced fixed wireless technology. TeleCayman has utilized existing tower infrastructure to create a fixed wireless network with its state-of-the-art packet switching and router platform that has enabled TCL to offer voice services, dedicated and broadband Internet services, data products and services (ATM, Frame Relay and MPLS) and off-shore co-location and business continuity services. For more information about TeleCayman, visit: www.telecayman.com
About Javelin Connections Bermuda Limited
Javelin Connections Bermuda Limited is the parent company for both TeleBermuda International Limited and TeleCayman Limited. Javelin Connections Bermuda Limited, a Bermuda-based holding company of telecommunications and business interests serving the corporate, residential and Carrier markets in Bermuda and the Caribbean.
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS has over 5,000 enterprise customers and 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 and operations. SAVVIS’ strategic approach combines virtualization technology, a global network and 25 data centers, and automated 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
TeleBermuda International Ltd.
(441) 278 2434
Ricochet Public Relations