SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced a one-year extension of its master services agreement with Thomson Reuters that includes the deployment of IT infrastructure services in Asia.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals with a significant portion of its revenue derived from electronic products, software and services. Since The Thomson Corporation and Reuters Group PLC combined to form Thomson Reuters early this year, Thomson Reuters now has 50,000 global employees and serves customers in 93 countries.
Under terms of the agreement, SAVVIS will continue to serve as an approved vendor to provide managed hosting and managed network solutions to support a wide range of Thomson Reuters products and services. This includes the management of IT infrastructure solutions required for the collection of exchange data for Thomson Reuters market data services worldwide, as well as managed hosting services that underpin the flagship ThomsonReuters.com website.
In addition, under the agreement, SAVVIS will provide managed hosting services delivered from SAVVIS’ Singapore data center supporting Thomson Reuters expansion activities in Asia. SAVVIS currently provides network and hosting services for Thomson Reuters. The extension of the agreement creates new opportunities for the companies to work and grow together.
“Reuters has been a valued partner of SAVVIS for many years and the recent merger with Thomson is an exciting development,” said Phil Koen, SAVVIS Chief Executive Officer. “Its combined heritage makes Thomson Reuters one of the worlds’ most respected and recognized information companies for the financial services, media, and corporate markets. Their premier market data and web content services continue to expand globally and we look forward to providing next generation managed IT infrastructure services to support their continued growth.”
“The combined Thomson Reuters organization is now able to benefit from buying both network and hosting services under a single Master Services Agreement with SAVVIS,” said Richard Warley, International Managing Director at SAVVIS. “We will continue to provide both of these services in the main geographies in Europe, North America and Asia. As Thomson Reuters continues through its integration plan we anticipate being able to deliver further cost and operational benefits through use of our virtualized hosting and global VPN services.”
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.
SAVVIS Forward-Looking Statements
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.
David Friedman, OgilvyPR Worldwide
P: (303) 634-2674 / E: david.friedman[.]ogilvypr.com.