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StarCompliance Software Selects SAVVIS for Virtualized IT Infrastructure

June 2, 2008

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 today’s 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.”

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IA WEEK - Compliance technology coming within the reach of small firms

January 21, 2008

New compliance tracking technology can save firms a considerable amount of time scanning spreadsheets by automatically alerting them when there are new laws or regulations that pertain to them.The technology can even link to your online compliance manual and automatically show you what policies and procedures need to be updated as a result, and then inform employees of the changes.

“You have to ask yourself, do you really want to be doing this manually,” says Paul Johns, chief marketing officer for Complinet. Automating this kind of tracking can free up time for compliance officers to work more proactively in actually implementing policies and procedures, he says. “Whether you have one person or a hundred in your compliance department, you don’t want to be wasting half your time scanning spreadsheets,” Johns says.

And now many technology vendors are offering their products in tiered versions, so that smaller firms can get a scaled down version at a lower price.

StarCompliance recently retooled its code of ethics monitoring software and now offers an “express” version with the core functionality to firms with less than a hundred employees. “It’s our first effort to marry the size of the firm to the needed functionality at their price point,” says Marc Epstein, global sales director. The stripped-down version remains a powerful automated tool, however. “It’s different than a glorified Excel spreadsheet,” Epstein says.

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