Savvis - Early History

Early History

Savvis was founded in November 1995 under the name DiamondNet by CTO/COO Timothy Munro Roberts and CEO Andrew Gladney. The two had met in the St. Louis area in 1994 where both lived, with Roberts working for a computer store and Gladney a customer. Gladney put up the initial capital ($600,000 or $1 million, according to different sources) for a 75% stake in the startup, with Roberts’ stake the remaining 25%.

Gary Zimmerman, recruited by Roberts from SBC Communications Inc. to become Vice President of Engineering at Savvis in November 1995, built out Robert's first national network design. The original network design was unique within the industry at the time it became fully operational, and there was significant coverage and discussion in the trade press regarding both the network and its architect, Roberts. In 2001, the last year in which Robert's original design was in use, Savvis was ranked the #1 fastest Backbone Network by Keynote Systems, an independent network ratings service.

Roberts closed a revenue contract with Apple Computer, Inc. as their first large customer, dealing with David Zimmerman and Marty Suzuki at Apple's Cupertino headquarters. By leveraging the Apple Computer customer reference and testimonials, the company was able to close additional large contracts with other industry providers, and it quickly gained wide industry recognition.

During this growth spurt, the company attracted the notice of St. Louis' Gateway Venture Partners, who subsequently invested millions of dollars. After the Gateway investment, Sam Sanderson, former CEO of Rogers Cable, was brought to helm the company. Sanderson brought much needed support to the company, closing substantial contracts and placing the company into an aggressive marketing position. Contemporaneously, Bob Murphy was named to the Chief Financial Officer position (Murphy was previously the CFO of Williams Communications). Murphy in turn attracted additional capital, and a sound financial management team.

Read more about this topic:  Savvis

Famous quotes containing the words early and/or history:

    In the early days of the world, the Almighty said to the first of our race “In the sweat of thy face shalt thou eat bread”; and since then, if we except the light and the air of heaven, no good thing has been, or can be enjoyed by us, without having first cost labour.
    Abraham Lincoln (1809–1865)

    False history gets made all day, any day,
    the truth of the new is never on the news
    False history gets written every day
    ...
    the lesbian archaeologist watches herself
    sifting her own life out from the shards she’s piecing,
    asking the clay all questions but her own.
    Adrienne Rich (b. 1929)