Savvis Expands With Thomson Reuters

Savvis (SVVS) will provide data center space for a global low latency trading platform for Thomson Reuters. It looks like the deal will include an expansion by Savvis into the Frankfurt market.

Thomson Reuters has been an important customer for managed hosting provider Savvis Inc., which had a lengthy and lucrative hosting deal with Reuters. That contract was something of a question mark when Reuters was acquired by Thomson. But this week the companies announced a major global expansion in which Savvis will provide data center space for a low latency trading platform for Thomson Reuters.

The global network will operate from Savvis data centers in New York, Chicago, London, Frankfurt, Tokyo, and Singapore and offer customers access to low latency market data, analytics and data management platform. "This launch is part of a significant investment to support customers as they respond to the rapidly evolving market environment," said Jon Robson, the President, Enterprise for Thomson Reuters. "This is a natural step that will enable our clients to gain ubiquitous connectivity and access to industry leading, high performance, managed solutions for evolving sell-side and buy-side business needs.”

Here's the interesting wrinkle: Savvis doesn't currently have a data center in Frankfurt, a key European financial hub. Savvis says it is currently "evaluating options" for operations in Frankfurt. The company works closely with Digital Realty Trust, from whom it leases 1.7 million square feet of space in 17 sites. But Digital Realty doesn't currently own properties in Frankfurt.

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