| Savvis, Inc. |
Articles about Savvis |
Information AboutSavvis, Inc. |
SAVVIS, Inc. (; formerly '''SAVVIS Communications Corporation''') provides technology infrastructure for enterprise applications. SAVVIS delivers "IT infrastructure as a service" by combining virtualization technology, a global network and 24 data centers in the United States, Europe, and Asia, automated management and provisioning systems, and a best practices operations model. SAVVIS has 4,500 business and government customers. The company was founded in 1995 under the name "Diamond Net" by Tim Roberts and Andrew Gladney . It changed its name to "SAVVIS Communications Corporation" in 1996 and IPOed on the NASDAQ stock exchange as SVVS in 2000. In May of 2005 the company announced a change in its name from "SAVVIS Communications Corporation" to "SAVVIS, Inc.". The company press release stated, "The change reflects the company’s expansion from a network services company to a global IT services company..." {Link without Title} Like many "dot-com Boom" startups, SAVVIS suffered from questionable management and posted significant operating losses for several years after it's initial IPO. At one point, SAVVIS' stock price had fallen from its IPO price of $24/share to just $0.22. Despite its rocky start and checkered operating history, SAVVIS is a ".com bust" survivor that is today positioned in the Leader's Quadrant for both North America and Europe in the "Magic Quadrant for Hosting" published by leading industry analyst Gartner . {Link without Title} SAVVIS has grown both organically and through strategic acquisitions. In 2002 SAVVIS purchased the hosting operation and customers of Intel Online Services. In 2003 it purchased WAM!NET, a content management and media application service. In 2004 the company purchased the assets of Cable & Wireless America which included 15 data centers and the customers of Exodus Communications , the Tier-1 Internet backbone previously owned by MCI , the Content Delivery Network (CDN) from Digital Island , and a significant professional services organization for $155 million in cash and assumed liabilities of approximately $12.5 million. On 8 September, 2004, SAVVIS' Operations Security Manager, Alif Terranson, abruptly quit and went public with internal SAVVIS documents releasing these documents to the media (see: BBC [http://news.bbc.co.uk/2/hi/technology/3634572.stm , the Register [http://www.google.com/search?q=savvis+spam ). These documents disclosed that SAVVIS was soliciting the business of some of the worlds worst , a worldwide organization of spam fighters, to resolve the problem and together announced that SAVVIS was adopting Spamhaus' Register of Known Spam Operations (ROKSO) database as the principal metric for ensuring that SAVVIS does not promote or condone spamming. In a joint press release, Steve Linford , CEO and Founder of the Spamhaus Project was quoted, "Spamhaus has long recognized SAVVIS as a 'White Hat Network' with exemplary policies and procedures to control the proliferation of spam. We are pleased to work with SAVVIS to fight against spam and encourage others in the industry to adopt their leadership model." [http://www.savvis.net/corp/News/Press+Releases/Archive/] In October 2005, the CEO (Robert McCormick) and SAVVIS were listed as defendants in a claim brought by - a reference to the almost quarter of a million dollars he was alleged to have spent on lap dances at Scores. In March 2006, SAVVIS announced that the litigation brought by American Express against SAVVIS, McCormick and Scores had been resolved in a negotiated settlement {Link without Title} . SAVVIS sold the CDN business it acquired in 2003 to Level 3 Communications in December of 2006, for $135 million. The current CEO, Philip J. Koen, was named in March 2006. He was formerly president and COO of Equinix . EXTERNAL LINKS
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