EAGAN, MN – September 4, 2003 – WAM!NET, a new division of SAVVIS Communications (NASDAQ: SVVS), announced today that Time Inc., a division of AOL Time Warner, has renewed its contract with WAM!NET. Time uses WAM!NET’s fully managed networking and data storage services to seamlessly connect its magazine production workflows within a single collaborative, digital environment.
The world's leading magazine company, Time Inc. publishes about 140 regular-frequency titles with 298 million readers, as well as numerous special issues. Its publications include leading titles such as Time, Sports Illustrated, People, Fortune and Money. Time Inc.’s complex publishing workflow involves rigorous production schedules and collaboration among numerous editorial, creative, advertising and production teams worldwide.
Time Inc. has been a WAM!NET customer since 1997, when the company started using WAM!NET services to connect their New York headquarters with ten U.S.-based printers to provide secure, remote access to nearly one terabyte of digital content used in their creative and production processes. Time Inc. has expanded its reach to include its offices in London, Hong Kong and Australia, and it uses WAM!NET’s remote storage services for the management of its production advertising.
“The WAM!NET and SAVVIS executive teams have been in close communication with us as the acquisition of the WAM!NET commercial business has been finalized. Based on our discussions, we are impressed with the global reach and capacity of the SAVVIS network and believe this acquisition strengthens the WAM!NET services,” said Guy Gleysteen, director of printing, Time Inc. “We are pleased that SAVVIS CEO Rob McCormick has confirmed a strong commitment to the media production industry, and we are confident that WAM!NET will continue to develop and grow their services to meet our content management and delivery needs.”
“WAM!NET continues to provide services that meet and often exceed our performance criteria for production. We look forward to exploring new service offerings and to building new workflow solutions on SAVVIS’ secure and robust network infrastructure,” said Kin Wah Lam, director of digital development, Time Inc.
“We are delighted that Time Inc. will continue to work with WAM!NET services as we begin our association with SAVVIS Communications. The news about the acquisition of WAM!NET’s commercial business has brought overwhelming support from our other customers as well,” said Richard Metcalf, managing director of the WAM!NET division of SAVVIS. “Our customers see the advantage of a network with greater capacity, a larger staff with greater expertise, and an expanded range of managed networking services.”
About WAM!NET, A Division of SAVVIS Communications
WAM!NET is a leading global provider of shared services for content management, archiving and delivery and enterprise networking. The company’s services enable its customers to access the combination of IT solutions they need on an outsourced, subscription basis enabling them to share, collaborate, store and manage content with their partners and clients. With WAM!NET, customers gain considerable productivity, time-to-market, and cost-saving benefits, and they eliminate time-intensive and costly analog steps in their workflows.
Prior to the acquisition of the commercial business, WAM!NET Inc. was awarded the 2003 Market Engineering Leadership Award for the Digital Delivery Market by Frost & Sullivan, who acknowledged that WAM!NET Inc. had established itself as the leader in its industry with a 34 percent market share sustained by significant market growth. EContent magazine named WAM!NET, Inc. to its annual EContent 100 list for 2002, noting WAM!NET Inc. as one of the companies “that matter most in the digital content industry.” WAM!NET Inc. was also named among the top 50 private growth companies by The Business Journal in 2001 and 2002.
For information about WAM!NET visit: www.wamnet.com.
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: www.savvis.net.
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 is a registered trademark of SAVVIS Communications Corporation. All other trademarks are the property of their respective owners.
WAM!NET Media Contact:
Press+ for WAM!NET
Carter B. Cromley