New York, New York – (The Hosting News) – June 20, 2006 – IT infrastructure services firm, SAVVIS, Inc., has been selected to deploy the hosted IT infrastructure behind InvestLinkASP, an Internet – based recordkeeping, information processing, and administration application. Under the terms of the agreement, InvestLink will utilize SAVVIS’ managed IT infrastructure services, including virtualized utility compute, storage and security services to underpin its own hosted applications.
It is anticipated that the deployment
will allow companies to monitor and manage funds, while InvestLinkASP clients will be able to provide secure access for clients to access the Defined Contribution/401(k) plan portal within a secured transaction environment.
Timothy Slavin, Chief Executive Officer of InvestLink commented, ”InvestLinkASP is an extremely cost effective use of technology for the Defined Contribution industry delivered in an ASP model. SAVVIS’ provides us with a total IT solution, in an ultra secure data center environment. Our movement to SAVVIS as our hosting partner coupled with our move to Microsoft’s .net platform brings a new and unique value proposition to the industry.”
The InvestLink system is designed to provide the business functions needed to administer all types of Defined Contribution plans including 401(k), 403b, 457, ESOP, Money Purchase, and Non-Qualified plans. The application platform manages all aspects of Defined Contribution administration, including for example reporting, management tools, regulatory compliance, and web-based access for participants, plans and brokers. Individual users can access information that allows them to manage and monitor their Defined Contribution plan whenever and from wherever they choose. All this is done at SAVVIS’ secure site without the expensive hardware and software investment traditionally needed for on-site LAN based systems.
Many firms both large and small offer Defined Contribution administration services. The InvestLinkASP is a technology platform that is scalable and at a cost that is dramatically less than competitive products.
Michael Cooleen, Vice President and General Manager, Financial Markets Division, for SAVVIS added, ”InvestLink is part of a growing number of financial services providers looking to distribute their innovative applications products via a high performance ASP model. We are pleased to support InvestLink and their clients by providing a comprehensive, hosted IT solution that fully enables InvestLinkASP.”
InvestLink is a leading software developer and marketer of applications for the record keeping, administration and servicing of Defined Contribution plans. Today, more than forty (40) third-party administrators with more than 400,000 participants use InvestLink’s TotalServiceManager software platform.
SAVVIS, Inc. is a global IT infrastructure service firm for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS has over 5,000 enterprise customers and endeavors to deliver secure, reliable, and scalable hosting, network, and application services. The solutions are designed to enable customers to focus on core business while SAVVIS ensures the quality of IT systems and operations. SAVVIS’ strategic approach combines virtualization technology, a global network and 25 data centers, and automated management and provisioning systems.
To learn more about InvestLink, please visit: www.invlink.com.
For more information about SAVVIS, please visit: www.savvis.net.