ST. LOUIS, Dec. 7, 2010 /PRNewswire/ -- 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.
"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.
SOURCE Savvis, Inc.