Letter to Customers, Shareholders, and Partners from SAVVIS' Acting Chief Executive Officer
To Our Customers, Shareholders, and Partners:
I believe it is important to share with you what I have been doing over the last week since our Board of Directors asked me to serve as Acting Chief Executive Officer. While I cannot comment on the pending litigation by American Express or our Audit Committee's investigation, I hope this information will help you understand SAVVIS' determination to continue to perform for our customers, shareholders, and partners.
My primary objective has been to communicate that SAVVIS will not allow this internal matter to interfere with our ability to serve the needs of our customers and to build value for our shareholders. To achieve this goal, I have been meeting with our stakeholders, listening to their concerns, and learning how we can become a better company.
Virtually everyone that I have spoken with has expressed a sincere desire that SAVVIS deal with this situation in a responsible, forthright and timely manner, and that is precisely what we are doing.
I have learned that our employees are more determined than ever to demonstrate the true character of our Company. Our customers have assured me they recognize the value of our products and services, and they are pleased with the way we have dealt with the current situation. In addition, the shareholders and potential investors with whom I have met have shared their enthusiasm for SAVVIS' steady improvement in financial performance as recently reported, and their approval of our Board's decision to conduct a thorough and fair investigation. The investment community also is pleased with the record level of new business we achieved in the third quarter and encourages us to continue to deliver strong financial results.
You have my pledge that I will do everything I can to grow our business and provide outstanding service. I see the same resolve in my colleagues on the SAVVIS team. I appreciate your support and the words of encouragement that I have already received as we work to move SAVVIS forward.
Respectfully submitted,
Jack Finlayson
About SAVVIS
SAVVIS, Inc. (NASDAQ: SVVS) is a global IT utility services provider that focuses exclusively on IT solutions for businesses. With an IT services platform that extends to 47 countries, SAVVIS has over 5,000 enterprise customers and leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. These solutions enable customers to focus on their core business while SAVVIS ensures the quality of their IT systems and operations. SAVVIS' strategic approach combines virtualization technology, a global network and 25 data centers, and automated management and provisioning systems. For more information about SAVVIS, visit: http://www.savvis.net.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from SAVVIS' expectations. Certain factors that could affect actual results are set forth as risk factors in SAVVIS' SEC reports and filings, including its annual report on Form 10-K and all subsequent filings. SAVVIS assumes no obligation to update or supplement forward-looking statements.
