SAVVIS, Inc. (NASDAQ:SVVSD)
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Charter Member SpryWare Looks to SAVVIS for Performance Gains, Cost
Savings, and Data Choices
SAVVIS, Inc. (NASDAQ:SVVSD), a global leader in IT infrastructure
services for business applications, today announced Financial Markets
Connect(SM) (FMC), a new program designed to support a wide variety of
market data participants with SAVVIS' global IT infrastructure and
managed financial services. The company also announced SpryWare, a
Chicago-based software company providing ultra low latency,
standardized market data in the financial services marketplace, as a
charter member of the program.
SAVVIS FMC is designed to provide a total solution including low
latency access to direct exchange data, application hosting in SAVVIS'
25 data centers, and data distribution via SAVVIS' global multicast
financial network. The program is designed to support high frequency
trading applications on both the buy- and sell-sides, ticker plant
vendors, and consolidators, to provide them with the hosting and
network infrastructure solutions needed to support their financial
applications and market data distribution needs. In addition, SAVVIS
FMC is well suited for financial institutions and trading systems
companies that currently have data delivery solutions in place but are
interested in cost savings, performance, and flexibility associated
with SAVVIS' hosted delivery model.
Headquartered in Chicago's financial district, SpryWare offers the
latest in ultra low-latency, direct market access (DMA) technology. By
using expert engineering and innovative technology, SpryWare is able
to process and distribute direct market data with latency of less than
one-half a millisecond. SpryWare will use FMC to connect market data
consumers to the SpryWare Market Information Server (MIS) (TM).
Utilizing the FAST Protocol(SM), the SpryWare MIS normalizes direct
market feeds and reduces bandwidth usage by up to 90%.
"SAVVIS' Financial Markets Connect allows SpryWare to offer a
robust distribution and connectivity option to our clients. Speed and
reliability are essential in market data, and SAVVIS delivers both,"
said SpryWare director Daniel May. "The SAVVIS network allows us to
easily reach clients in diverse geographic locations."
"Low latency continues to be a key requirement for the receipt,
translation and distribution of market data to consuming applications,
but the advent of hosted financial applications and infrastructure
solutions are playing increasingly important roles," said Tom Price,
Senior Analyst, TowerGroup. "Financial application developers and
vendors are now demanding end-to-end infrastructure solutions that
combine flexible, low latency network access to direct exchange feeds
with global data centers, best-practices operations, security, and
professional services enabling increased levels of choice,
scalability, and cost savings."
"SAVVIS' Financial Markets Connect provides a total network and
hosting solution that can improve the performance of a financial
institution's proprietary applications and enable a software vendor to
build revenue rapidly," said Michael Cooleen, Vice President & General
Manager, Financial Markets Division, SAVVIS. "It is a win-win-win
solution as SAVVIS provides ultra-low latency network and hosting
services, the application developer delivers innovative functions as a
bundled offering, and the end user benefits from a new value-added
service that features an optimal support model and a one-stop
approach."
About SpryWare
SpryWare is a Chicago based software company providing ultra low
latency, standardized market data in the financial services
marketplace. We are co-authors and technology enablers for FIX Adapted
for Streaming(SM) (The FAST Protocol(SM)). Our focus is low latency,
high frequency, standards based market data delivery. Our core
product, the Market Information Server (MIS)(TM), is a cost effective
solution to the Direct Market Access (DMA) consumer. By using expert
engineering and innovative technology, SpryWare is able to process and
distribute direct market data with latency of less than one-half a
millisecond. Call +1 312 922 SPRY for more information, or visit
http://www.spryware.com.
About SAVVIS
SAVVIS, Inc. (NASDAQ:SVVSD) 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: http://www.savvis.net.
Forward-Looking Statements
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.