HERNDON, VA, June 10, 2003 – SAVVIS Communications (NASDAQ: SVVS), a leading global managed IP and managed hosting services provider, today announced that Telekurs (USA) Inc. will now offer its real time market data feeds over SAVVIS Financial XchangeSM.
Telekurs (USA) Inc. is a subsidiary of Telekurs Financial, a leading worldwide provider of real-time and back office market data to financial institutions. Based in Zurich, Telekurs Financial has been providing financial information and services for more than 70 years. Telekurs maintains 20 offices in 14 major financial centers around the world, and specializes in the procurement, refinement and dissemination of international financial information for investment counseling, asset administration, financial analysis, and securities administration.
Telekurs’ database currently covers approximately 1.8 million securities, and its market data solutions are unique in that they integrate pricing and descriptive information from over 200 global exchanges and 400 contributors. This data is consolidated into a normalized feed and delivered in real-time, delayed, broadcast, and interactive modes.
Telekurs selected SAVVIS Financial XchangeSM to deliver its market data feeds because of the performance, security, and breadth of the SAVVIS network and the quality of SAVVIS’ management and customer support services. SAVVIS Financial XchangeSM connects over 4,700 financial institutions to financial applications and data. SAVVIS Financial XchangeSM services are built on SAVVIS’ award-winning Intelligent IP NetworkSM, the only IP network built from the ground up to carry real-time market data and proven to deliver “five 9s” reliability.
“Telekurs heritage is in Europe but our business today is becoming truly global. We needed a global network that our customers could use with confidence to access our real time market data feeds. But we did not want to build it ourselves,” said Barry Raskin, President of Telekurs (USA) Inc. “SAVVIS Financial XchangeSM is a proven, high performance network with service in 45 countries that we can plug into and be connected to thousands of financial institutions that are current or potential customers of Telekurs.”
“SAVVIS is a great fit for any application provider targeting the financial services industry and we are glad to see more content added to our network by Telekurs,” said Jack Finlayson, president and chief operating officer of SAVVIS. “With this endorsement, SAVVIS is once again being recognized for delivering high-performance, cost-effective technology infrastructure and management services to support the top applications in the financial services industry.”
About Telekurs Financial
Telekurs Financial is part of the Telekurs Group, the official Swiss national numbering agency and leading provider of quality payment systems and financial information services. Telekurs Financial, founded by the Swiss banks in 1930, is headquartered in Zurich with 20 offices in 14 countries. The company has been providing real-time market data since 1961 and is a founding member of the Association of National Number Agencies (ANNA).
SAVVIS Communications (NASDAQ: SVVS) is a leading managed services provider that delivers IP VPNs, both private and public, hosting, and managed hosting 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