HERNDON, VA, -- April 29, 2003 – SAVVIS Communications (NASDAQ: SVVS), a global managed IP and managed hosting services provider, and InfoDyne Corporation, a leading supplier of market data and transaction technology to the financial community, today announced a global strategic alliance to deliver seamless integration with direct exchange market data and transaction feeds to financial firms.

SAVVIS and InfoDyne now offer this package of network and software services to financial firms seeking to achieve faster access to key market data, greater data reliability and lower market data costs. The new service will be featured at the SAVVIS booth (#2101) during the Securities Industry Association's (SIA) Technology Management Conference and Exhibit on June 17-19 at the New York Hilton.

Currently, most broker-dealers and large asset managers receive market quotes and other real-time data through consolidated feeds from traditional market data vendors.

"When quotes are routed through a consolidator's data center, it can substantially slow distribution and can introduce data integrity problems," said Guy Tagliavia, President of InfoDyne. "While the average delay of one-half second may seem small to many, this is a major problem for firms that rely on mission critical auto-quoting or program trading models."

Tagliavia added that at peak times, such as at market open, market data delays can stretch to as much as eight seconds. "Reducing costs by eliminating vendor fees and increasing reliability by simplifying the routing are key. We have also designed our ticker plant products to meet a wide range of needs. For example, some firms may want to supplement direct feeds with a consolidator's fundamental data and quotes from secondary global exchanges. Our technology easily supports this hybrid approach."

As part of this strategic alliance, SAVVIS, which is already a leading provider of direct exchange feeds from key stock, options and derivatives exchanges, will market and support InfoDyne ticker plant products globally. These products offer customers seamless integration of direct exchange feeds into their trading and development environments by directly interfacing with the most popular market data integration platforms, such as InfoDyne's own Middleware², TIBCO/RV™ and Triarch™/RMDS™.

In addition, InfoDyne's products will allow for the launch later this year of a jointly managed service that will offer financial firms the benefits of accessing direct feeds from multiple exchanges through a single SAVVIS connection, at an affordable cost, and with no need to install and maintain a complete ticker plant solution at their site.

"SAVVIS is in the business of delivering innovative financial technology solutions that help our financial customers use market data more efficiently, trade better and faster, and realize enhanced post-trade capabilities," said Terence Donnelly, Vice President for Business Development at SAVVIS. "We see strong demand by our sell side and buy side customers for a complete solution that unleashes the power of direct exchange feeds in a TIB or Triarch environment. This alliance with InfoDyne allows us to offer an end-to-end solution to meet this demand."

"The InfoDyne–SAVVIS relationship exemplifies how leading market data and transaction technology providers can leverage the power and quality of SAVVIS' real-time managed network to deliver high-performance, cost-effective services to financial firms," said Jack Finlayson, president and chief operating officer of SAVVIS. "We're pleased to provide these services that support InfoDyne's business strategy and can scale to support future growth."

About InfoDyne

 

InfoDyne Corporation (www.infodyne.com) provides market leading enterprise products and solutions to the financial marketplace. With a commitment to "encapsulate your enterprise^TM", InfoDyne focuses on enterprise-wide solutions that include ticker plant, straight through processing, and object-based middleware technology - solutions that offer a quantifiable market advantage, a reduced cost of ownership, and a high rate of return.

InfoDyne's Exchange Servers process direct exchange and ECN feeds, including all North American and most major global exchange feeds, to provide dramatically faster data delivery than traditional market data consolidators, and at a significantly lower cost. InfoDyne's Destination Servers offer direct trade and order routing to major exchanges, ECNs, and other trading partners. All InfoDyne products are compatible with the leading client site system solutions currently in the market, including InfoDyne's own object-based Middleware² technology. InfoDyne's Ticker Plant, Straight Through Processing, and Middleware² system solutions are deployed on-site within a customer's own data center, or as a fully managed service at a shared data center facility.

About SAVVIS

 

SAVVIS Communications (NASDAQ: SVVS) is a managed services provider that delivers IP VPNs (virtual private networks), hosting, and applications services to businesses. SAVVIS solutions are designed for industries with demanding information technology requirements including: legal, media, retail, professional services, healthcare, manufacturing, and financial services. Known as The Network that Powers Wall Street^SM, SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and WorldCom, and its network reliability was declared "perfect" in NetworkWorld magazine's groundbreaking study of backbone performance. SAVVIS' managed hosting services were awarded the Service Provider Excellence Award by Boardwatch magazine for its virtualized approach to managed hosting and the Market Engineering Award for product differentiation and innovation from Frost & Sullivan. For more information about SAVVIS' Intelligent IP Network^SM and managed hosting solutions, visit: www.savvis.net.