August 26, 2003 — (WEB HOST INDUSTRY REVIEW) — SAVVIS (savvis.net) was awarded a contract today by Investment Technology Group, Inc., a financial services company, to build and manage its enterprise data network in nine countries.
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Under the terms of the agreement, ITG will use SAVVIS’ Intelligent IP Networking to deliver new enterprise resource planning (ERP) applications to its offices and to facilitate inter-office connectivity to accommodate global portfolio trading.
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The plan also calls for SAVVIS to help replace ITG’s legacy frame relay network. According to ITG, SAVVIS will roll out a global private network to connect ITG’s multiple offices in New York, Boston, Los Angeles, Toronto, London, Dublin, Tel Aviv, Hong Kong, Sydney and Melbourne.
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“IP connectivity is increasingly becoming a commodity these days,” said David Meitz, managing director of technology of ITG. “SAVVIS stands out by using technology to deliver an end-to-end, fully-managed network service that is significantly more flexible and scalable than traditional frame relay networks. In addition, SAVVIS’ service and support is extremely customer oriented. We were looking for a partner, not just a vendor, and we found it with SAVVIS.”
