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Wellesley, MA - March 5, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Savvis, Inc. (Nasdaq: SVVS) has been named the first managed services winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
Savvis, Inc. is an outsourcing provider of managed computing and network infrastructure for IT applications with 29 Data Centers around the world, including London, Singapore, and Tokyo, connected through a Tier 1 MPLS network.
A case example of the business benefits of Savvis' services is Wall Street Systems, a provider of treasury, trading and settlement software, which decided in 2006 to make a strategic shift in direction and move from a standard licensing model to the new SaaS delivery model.
The company had two choices-attempt to build and maintain its own IT infrastructure to support its new SaaS offerings or outsource the infrastructure to a managed hosting services provider. Wall Street Systems selected Savvis' managed hosting, managed network, and managed security services because of its reliability, scalability, customer support and SAS 70 Type II certifications.
As a result, Wall Street Systems has been able to reduce the total cost of ownership (TCO) of its solution deployment compared with traditional software implementations. The company can also now help its customers meet their compliance mandates, such as Sarbanes-Oxley, by offering full transparency and operational control through the Savvis Portal and Savvis uptime guarantees. Wall Street Systems now serves more than 300 clients worldwide, and its software powers millions of transactions representing trillions of dollars every day.
As a result of these measurable business benefits, Savvis has been named the latest BoSS Award winner. A full description of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=894.
"Savvis is honored to be chosen as the winner of the Best of SaaS Showplace Awards for Managed Services and we are impressed by incredible reach the SaaS Showplace has as a top informational resource," said Larry Steele, VP of SaaS Services of Savvis. "Savvis has a proven heritage in delivering best of breed managed IT services and we feel this award is a testament to this commitment."
"Making the transition to a SaaS model isn't easy for established software vendors," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."By leveraging experienced managed IT service providers, like Savvis, software vendors can assure their customers of the reliability, performance and security of their applications."
Additional winners of the BoSS Awards announced earlier this year are,
- CrownPeak, a Content Management System (CMS) provider that offers a SaaS solution which helps customers accelerate their Web publishing and better manage their web content.
- ActionStep, a multi-dimensional SaaS vendor based in Auckland, New Zealand. Its end-to-end, Web-based, business system includes Marketing, CRM, Sales, Operations, Accounting, and HR management solutions for multi-divisional, multi-currency businesses.
- Xactly, a provider of on-demand sales performance management solutions that enable sales and finance executives to design, implement, manage, audit and optimize sales compensation management programs easily and affordably.
- SPS Commerce, a leading supplier of Software-as-a-Service (SaaS), business-to-business (B2B) integration, connecting partners in a supply chain.
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