(Securities Industries and Financial Markets Association (SIFMA) Technology Management Conference) – June 9, 2008 – Responding to growing customer demand for integrated hosting and network services, SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced the opening of its new Chicago data center.
In addition to the full suite of SAVVIS Managed Hosting services, this facility will offer financial customers the ability to host their trading applications in close proximity to two major derivatives markets via SAVVIS Proximity Hosting. Customers will also be able to connect to the facility with low latency Ethernet using the SAVVIS Exchange Express service.
IntercontinentalExchange (ICE) is one of the two preeminent exchanges located within the data center. SAVVIS’ Proximity solution enables low latency access to the ICE trading platform, one of the fastest derivatives trading platforms in the industry.
The facility is SAVVIS’ second in Chicago and creates added capacity to serve new and existing clients. It features approximately 20,000 square feet of raised floor space and more than 160 watts per square foot of power. Additionally, to meet the growing needs of enterprise IT the facility provides colocation, managed hosting, virtualized and utility computing, managed networks, and managed security services.
“We are pleased to continue our hosting infrastructure expansion in Chicago and offer SAVVIS’ low latency Proximity Hosting Service for the futures markets,” said Varghese Thomas, Vice President and General Manager of Financial Markets for SAVVIS. “This further expands our global portfolio of low latency solutions for the financial markets and is another building block in our plans to offer high availability application hosting and low latency network access for the world’s leading trading venues and liquidity pools across all asset classes.”
The new Proximity Hosting services in Chicago adds to SAVVIS’ expanding portfolio of managed IT infrastructure services for the financial services industry. SAVVIS offers secure, high-availability, direct connectivity to hundreds of exchange feeds around the world including major exchanges such as the New York Stock Exchange®, NASDAQ® and the London Stock Exchange.
In addition to the recently announced Proximity Hosting in London, SAVVIS also plans to expand the Proximity Hosting model to major exchanges in Tokyo and Singapore over the next 6 to 12 months.
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 is an industry leader 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 multiple data centers, and automated management and provisioning systems.
This document may contain 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 as well as the risk that potential product cost and performance benefits may not be realized for any particular customer. SAVVIS assumes no obligation to update or supplement forward-looking statements.
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