Savvis Extends Deal with Thomson Reuters

Savvis Communications (SVVS) will continue to provide managed hosting and network services for Thomson Reuters, which has signed a three-year extension of its master services agreement, the companies announced today. Savvis' relationship with Reuters has been of interest to securities analysts following the media company's acquisition last year by Thomson.

At the time of the merger, Reuters was a $50 million contract for Savvis. Thomson Reuters announced a one-year extension with Savvis in June 2008, and today's renewal adds another three years.

"Thomson Reuters has a longstanding relationship with Savvis and this newly extended agreement allows us to continue to create exciting new opportunities for customers worldwide," said Bill Fathers, Savvis Senior Vice President, and Managing Director U.S. "As an important provider of IT infrastructure to Thomson Reuters across three continents, we are committed to delivering best-in-class solutions to its growing customer base."

Under the terms of the agreement, Savvis will manage IT infrastructure used in the collection of exchange data for Thomson Reuters market data services worldwide, as well as numerous managed hosting and IT infrastructure services in the Americas, Europe and Asia.

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. Thomson Reuters has 50,000 global employees and serves customers in 93 countries.