Welsh, Carson, Anderson & Stowe Announces Plans to Distribute 5 Million Savvis SharesBy Savvis Inc., PRNE
Monday, December 6, 2010
ST. LOUIS, December 7, 2010 - Savvis, Inc. (Nasdaq: SVVS) today announced that Welsh, Carson, Anderson
& Stowe (WCAS), which holds 27.2% of SVVS outstanding shares through its WCAS
VIII investment fund, said in a regulatory filing that it has distributed 5
million Savvis shares to investors in the fund. This transaction will result
in a decrease in WCAS's SVVS holdings to 10.3 million shares or 18.3% of
outstanding shares. According to WCAS, its Savvis shares are one of the last
major holdings in WCAS VIII, which was formed over 10 years ago.
(Logo: photos.prnewswire.com/prnh/20090803/PH55929LOGO )
"We appreciate the support Welsh, Carson, Anderson & Stowe has provided
and their steadfast confidence in Savvis' growth and strategic direction,"
said Jim Ousley, chairman and CEO of Savvis.
Savvis, Inc. (Nasdaq: SVVS) is a global leader in cloud infrastructure
and hosted IT solutions for enterprises. More than 2,500 unique clients,
including 30 of the top 100 companies in the Fortune 500, use Savvis to
reduce capital expense, improve service levels and harness the latest
advances in cloud computing. For more information, please visit savvis.net.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe (WCAS) was formed in 1979 and has focused
its investment activities in two growth industries, information/business
services and healthcare. WCAS manages $20 billion in capital and has a
current portfolio of over thirty companies. WCAS's strategy is to buy growth
businesses, partner with outstanding management teams and build value for its
investors through a combination of operational improvements, internal growth
initiatives and strategic acquisitions.
Investors, Peggy Reilly Tharp, +1-314-628-7491, peggy.tharp at savvis.net, or Media, George Csolak, +1-314-628-7266, george.csolak at savvis.net
Tags: December 7, England, Missouri, Savvis Inc., St. louis