Virtualization Technology News and Information
StarCompliance Software Selects SAVVIS for Virtualized IT Infrastructure
SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced an agreement to provide fully managed hosting services to StarCompliance Software, a leading global provider of enterprise compliance and regulatory software for the financial industry. In conjunction with its newly released Next Generation software, StarCompliance is expanding their relationship with SAVVIS by upgrading their IT infrastructure to SAVVIS managed and virtualized IT utility services platform.

SAVVIS has been providing StarCompliance Software and its global client base with hosting and managed security services, including virtualized firewalls and intrusion detection services since 2001. The further outsourcing of its IT infrastructure will allow StarCompliance to increase its focus on its core business operations. Star elected to migrate to SAVVIS virtualized IT infrastructure services platform featuring utility compute and storage solutions and managed security in conjunction with the release of its Next Generation software, a newly developed software platform offering enterprise-level software workflow functionality required by their clients and the heightened regulatory environment.

SAVVIS has been our trusted partner for providing our clients with application hosting services and it was only logical that after completely rewriting and releasing our Next Generation software that we would similarly expand and upgrade our historical relationship with SAVVIS, said Martin Mannion, President and CEO of StarCompliance. We decided to deploy their virtualized IT utility services based on several factors, but mostly for SAVVIS ability to provide us and our clients with the highest level of security and proven performance that todays global financial institutions have come to expect. SAVVIS managed services allow us to focus our energies on our customers, new software development and growing our business while remaining confident that our IT infrastructure is managed according to industry best practices.

StarCompliances Next Generation Software is available in Express, Professional and Enterprise editions. The Star software addresses all employee conflicts of interest such as employee trade surveillance, gifts and entertainment and outside business activity. Over 75 leading global financial institutions representing over 50,000 employees currently utilize the Star legacy application to address the above employee conflicts. The Next Generation software offers process efficiencies to the compliance operations of diverse organizations such as investment banks, mutual funds, institutional asset managers, broker/dealers, insurance companies, hedge funds and private equity firms.

We see their decision to increase their relationship with us as a validation of our past performance, said James Whitemore, Chief Marketing Officer of SAVVIS. However, it is our ability to provide managed hosting services that go above and beyond our competitors that ultimately paved the way for this expansion. Our virtualized utility services platform enables companies to reduce management tasks and focus on core competencies while controlling costs and providing for future expansion.

Published Tuesday, June 03, 2008 5:43 AM by David Marshall
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