SAVVIS Completes Examination in Conformity with SAS 70

SAVVIS, Inc. (www.savvis.com), a global IT utility services provider, announced that it has recently completed an examination in conformity with Statement on Auditing Standards No. 70 (SAS 70), Service Organizations for the period December 1, 2004 through October 31, 2005 that was performed by Deloitte & Touche LLP.

"SAS 70 compliance continues to grow as one of the most important security and quality standards,” said Michael Tardif, Vice President and General Manager, Global Hosting Services for SAVVIS. “As one of the world’s leading providers of managed IT infrastructure services, SAVVIS continues to develop and refine comprehensive systems to secure our service delivery infrastructure.”

Completion of the SAS 70 Type II examination indicates that selected SAVVIS processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm.  The examination included the company’s controls related to security monitoring, change management, problem management, backup and environmental controls, logical and physical access.

SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments.  In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 reports even more important to the process of reporting on effective internal controls by public companies.

A SAS 70 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers.  A Type II report not only includes the service organization's description of controls, but also includes detailed testing of the service organization's controls. 

SAVVIS selected Deloitte & Touche LLP to perform the examination because of their vast number of experienced resources with internal controls and SAS 70 expertise.