SAVVIS to Power InvestLinkASP; SAVVIS Managed Hosting, Network and Security Services, To Enable Innovative ASP Delivery Model for Defined Contribution Management Offerings
NEW YORK --(Business Wire)-- June 19, 2006 -- SAVVIS, Inc. (NASDAQ:SVVSD), a global leader in IT infrastructure services for business applications, today announced that InvestLink Technologies, LLC, a leading provider of software and support for the Defined Contribution industry, has selected SAVVIS to deploy the hosted IT infrastructure behind InvestLinkASP, an Internet - based recordkeeping, information processing, and administration application.
Under the terms of the agreement, InvestLink will deploy SAVVIS' managed IT infrastructure services, including virtualized utility compute, storage and security services to underpin its own hosted applications, which allow companies to monitor and manage their funds. InvestLink will also leverage SAVVIS' global IP VPN, allowing InvestLinkASP clients to provide secure access for their clients to access their Defined Contribution/401(k) plan portal with complete confidence in the security of their transactions.
"InvestLinkASP is an extremely cost effective use of technology for the Defined Contribution industry delivered in an ASP model," said Timothy Slavin, Chief Executive Officer, of InvestLink. "SAVVIS' provides us with a total IT solution, in an ultra secure data center environment. Our movement to SAVVIS as our hosting partner coupled with our move to Microsoft's .net platform brings a new and unique value proposition to the industry."
The InvestLink system provides the business functions needed to administer all types of Defined Contribution plans including 401(k), 403b, 457, ESOP, Money Purchase, and Non-Qualified plans. The application is a robust platform that manages all aspects of Defined Contribution administration, including for example reporting, management tools, regulatory compliance, and web-based access for participants, plans and brokers. Individual users can access information that allows them to manage and monitor their Defined Contribution plan whenever and from wherever they choose. All this is done at SAVVIS' secure site without the expensive hardware and software investment traditionally needed for on-site LAN based systems.
Many firms both large and small offer Defined Contribution administration services. The InvestLinkASP is a technology platform that is scalable and at a cost that is dramatically less than competitive products.
"InvestLink is part of a growing number of financial services providers looking to distribute their innovative applications products via a high performance ASP model," said Michael Cooleen, Vice President & General Manager, Financial Markets Division, for SAVVIS. "We are pleased to support InvestLink and their clients by providing a comprehensive, hosted IT solution that fully enables InvestLinkASP."
About InvestLink Technologies, Inc.
InvestLink is a leading software developer and marketer of applications for the record keeping, administration and servicing of Defined Contribution plans. Today, more than forty (40) third-party administrators with more than 400,000 participants use InvestLink's TotalServiceManager(TM) software platform. For more information about InvestLink, visit: http://www.invlink.com.
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.
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.