SAVVIS

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SAVVIS, Inc.

Type	Public (NASDAQ: SVVS)
Founded	1995
Headquarters	Herndon, VA, USA
Key people	Philip J. Koen, CEO Jonathan Crane, President Jeffrey Von Deylen, CFO
Industry	Telecommunications
Revenue	$667 million USD (2005)
Operating income	$3.68 million USD (2005)
Net income	$69.07 million USD (2005)
Slogan	Transforming Information Technology
Website	www.savvis.net

SAVVIS, Inc. (NASDAQ: SVVS; formerly SAVVIS Communications Corporation) provides managed technology infrastructure and content distribution services. These services are provided via a global tier 1 Internet backbone and 27 global data centers. SAVVIS has over 5,000 business customers who use SAVVIS for delivery of content, applications, and services.

It was founded in 1995 and was listed on NASDAQ in February 2000, posting operating losses for several years. In Q3 2005, the company turned a net profit of $2.3m.

It has expanded through a number of acquisitions. In 2002 it purchased Intel Online's web hosting operation and Wam!Net in year 2003. In 2004 it purchased the assets of the bankrupt Cable & Wireless America for $155 million in cash and assumed liabilities of approximately $12.5 million.

In May of 2005 the company changed its name from SAVVIS Communications Corp. to SAVVIS, Inc. as a reflection of the fact that with its expansion into managed IT services and content delivery systems it is now more than a networking company.[1]

At the end of year 2006, Level3 announced a deal to purchase SAVVIS' content delivery network services business for $135 million in cash.

The current CEO, Philip J. Koen, replaced John Finlayson, President and acting CEO. John Finlayson was made acting CEO after former CEO Robert McCormick, a.k.a. "The Lap Dunce", resigned in 2005 due to a lawsuit brought by American Express for $241,000 in charges to the Scores strip club on his credit card. This earned him the nickname "The Lap Dunce".

Mr. Koen was formerly president and COO of Equinix.