Savvis Expands NYC-Area Colocation Facility for Proximity Hosting

Hosting provider adds 105,00 square feet to respond to growing demand for proximity hosting and internet infrastructure services, along with low latency connectivity to major financial exchanges.

Savvis, a provider of outsourced IT infrastructure, co-location and proximity hosting services, has announced plans for a 105,000 square foot expansion to its financial services hosting facility, Savvis NJ2 (see WS&T's NJ2 photo gallery), in Weehawken, New Jersey.

Savvis has completed a transaction to lease space adjacent to Savvis NJ2 that will directly connect via fiber and yield approximately 105,000 square feet of raised floor for the deployment of high-performance hosting and low latency financial exchange connectivity for the financial services industry. This expansion extends Savvis' footprint in the highest demand market for its services, the New York-New Jersey financial hub, according to the vendor.

The expansion will allow customers to expand their current offerings and for Savvis to attract new customers. Along with Proximity Hosting solutions, the expanded facility will allow customers to use other Savvis services designed for the financial community, including Web solutions, software-as-a-service (SaaS) and cloud computing.

"The demand in the marketplace for financial IT infrastructure continues to grow as companies outsource to trusted providers," said Phil Koen, Chief Executive Officer of Savvis. "Today's news creates a strong financial data center complex with two of our state-of-the-art facilities making Savvis the destination of choice for financial services companies."

Savvis' initial plans call for approximately 35,000 square feet of raised floor that is expected to be completed by the second quarter of 2010; expansion potential for an additional 70,000 square feet of raised floor; a direct connection between buildings, which will allow customers to host trading applications to several liquidity centers via Savvis Proximity Hosting solutions; and four floors, with the second floor build-out occurring in 2009.

Gartner estimates the current market for hosting services will grow from $46.4 billion in 2009 to reach $150.1 billion in 2013 (Gartner's Forecast: Sizing the Cloud; Understanding the Opportunities in Cloud Services, published March 18, 2009.) Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio