SAVVIS, Inc. (SVVSI is partnering with TeleBermuda and TeleCayman to offer its services in Bermuda and the Cayman Islands. The two island telcos will market SAVVIS solutions to their clients in the banking, finance, insurance and hedge fund industries. As part of the agreement, SAVVIS’ global private network infrastructure will be connected directly to TeleBermuda’s and TeleCayman’s Network Operation Centers in Bermuda and the Cayman Islands. Service offerings will include voice, private lines, dedicated Internet, DSL and hosted business continuity products.
The combined solution will also enable thousands of customers already connected to SAVVIS’ Financial Extranet to access Bermuda and the Cayman Islands’ lucrative financial markets. Bermuda and the Cayman Islands have emerged as jurisdictions that specialize in insurance, re-insurance, banking and hedge funds, and the partnership will cater specifically to these industries.
SAVVIS’ global financial extranet provides application connectivity to major exchanges, market data feeds, and the ability to connect to over 4,700 financial community end-points. These represent buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world. SAVVIS’ IT infrastructure today extends to 45 countries and includes 25 data centers in the United States, Europe, and Asia with more than 21,000 fully-managed network end points.
“TeleBermuda and TeleCayman are ideal carriers for leveraging SAVVIS’ proven financial network services to expand and enhance their solution portfolio,” said Michael Cooleen, Vice President & General Manager, SAVVIS Financial Markets division. “SAVVIS’ deep heritage in financial services combined with TeleBermuda and TeleCayman’s extensive footprint throughout key financial communities in Bermuda and the Cayman Islands, opens up new solutions for our respective customers and expands SAVVIS’ global sales reach.”
“SAVVIS’ ultra low latency financial extranet and global hosting services opens a myriad of IT solutions and opportunities for our customers,” said Raul Nicholson-Coe, President and Chief Operating Officer for TeleCayman.
“Any institution connected to TeleBermuda and TeleCayman will now be able to access one of the world’s leading global financial networks through a single managed connection, eliminating the need to manage multiple providers,” said Gregory Swan, Executive Vice President and Chief Operating Officer for TeleBermuda. “SAVVIS enhances TeleBermuda’s and TeleCayman’s breadth of services, opens new business opportunities in the marketplace, and strengthens our position for future growth.”