Savvis Sees Bright Future After Bridge; Possible Collaboration With Radianz
NETWORKS AND INFRASTRUCTURES
HERNDON, Va.--With 75 percent of its revenue derived from Bridge Information Systems, network provider Savvis and its customers have had good reason for concern. Yet despite a slowdown in new contracts, chairman and CEO Rob McCormick says Savvis is forging ahead with new business.
As stipulated by its acquisition, Reuters, the winner in a tooth-and-nail bidding war with Sungard (TTW, May 7), will provide Savvis with interim funding of $7.5 million per month. McCormick believes this amount should
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