Englewood, Colorado – (The Hosting News) – August 9, 2006 – IT infrastructure services firm, SAVVIS, Inc., and international telecommunications carriers, TeleBermuda International Limited (”TBI”) and TeleCayman Limited (”TCL”), have entered into a comprehensive distribution agreement, assigning TeleBermuda and TeleCayman exclusive rights to offer select SAVVIS solutions in Bermuda and the Cayman Islands.
Under the terms of the agreement, TeleBermuda and TeleCayman will utilize SAVVIS’ private financial network to develop and market products and services to clients, primarily in banking and finance, insurance and reinsurance, and hedge fund industries. As part of the agreement, SAVVIS’ global private network infrastructure will be connected directly to TeleBermuda’s and TeleCayman’s Network Operation Centers in Bermuda and the Cayman Islands. SAVVIS’ product offering will complement the voice, private lines, dedicated Internet, DSL and hosted business continuity products and services that are already offered by TeleBermuda and TeleCayman.
The combined solution is anticipated to enable customers to access Bermuda and the Cayman Islands’ financial markets to submit a variety of trade-related messages, including indications of interest, order routing, and trade executions, and carry out other Financial Information eXchange (FIX) and non-FIX transactions. Bermuda and the Cayman Islands have emerged as jurisdictions that specialize in insurance, re-insurance, banking and hedge funds, and the partnership will cater specifically to these industries with products and services.
SAVVIS’ global financial extranet provides application connectivity to all the major exchanges, market data feeds, and the ability to connect to over 4,700 financial community end-points. These represent buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues around the world. SAVVIS’ IT infrastructure today extends to 45 countries and includes 25 data centers in the United States, Europe, and Asia with more than 21,000 fully-managed network end points.
Raul Nicholson-Coe, President and Chief Operating Officer for TeleCayman commented, ”SAVVIS brings a heritage of innovation and proven managed IT services for financial markets. SAVVIS’ ultra low latency financial extranet and global hosting services opens a myriad of IT solutions and opportunities for our customers.”
Gregory Swan, Executive Vice President and Chief Operating Officer for TeleBermuda added, ”Any institution connected to TeleBermuda and TeleCayman will now be able to access one of the world’s leading global financial networks through a single managed connection, eliminating the need to manage multiple providers. SAVVIS enhances TeleBermuda’s and TeleCayman’s breadth of services, opens new business opportunities in the marketplace, and strengthens our position for future growth.”
Michael Cooleen, Vice President and General Manager of SAVVIS Financial Markets division offered, ”TeleBermuda and TeleCayman are ideal carriers for leveraging SAVVIS’ proven financial network services to expand and enhance their solution portfolio. SAVVIS’ deep heritage in financial services combined with TeleBermuda and TeleCayman’s extensive footprint throughout key financial communities in Bermuda and the Cayman Islands, opens up new solutions for our respective customers and expands SAVVIS’ global sales reach.”
TeleBermuda International Limited, (TBI) is an established international telecommunications carrier that provides long distance voice, data (ATM, Frame Relay and MPLS), Internet, offshore co-location hosting and business continuity services. During its ten years of operation in Bermuda, TBI has become recognized as a leading provider of telecommunication solutions with innovative and competitive products and services to the commercial, residential and international carrier markets. TBI has successfully built an effective and profitable business with its state-of-the-art sub-sea fiber optic capacity has invested in new technology that has differentiated TBI from its competitors.
TeleCayman Limited (TCL) is licensed by the Information and Communications Technology Authority as a full licensed telecommunication service provider to offer residents and business customer’s local and international voice, Internet and data using the latest advanced fixed wireless technology. TeleCayman has utilized existing tower infrastructure to create a fixed wireless network with its state-of-the-art packet switching and router platform that has enabled TCL to offer voice services, dedicated and broadband Internet services, data products and services (ATM, Frame Relay and MPLS) and off-shore co-location and business continuity services.
Javelin Connections Bermuda Limited is the parent company for both TeleBermuda International Limited and TeleCayman Limited. Javelin Connections Bermuda Limited, a Bermuda-based holding company of telecommunications and business interests serving the corporate, residential and Carrier markets in Bermuda and the Caribbean.
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’ goal is to enlist a strategic approach, combining virtualization technology, a global network with 25 data centers, and automated management and provisioning systems.
For more information about TeleBermuda, please visit: www.telebermuda.com.
To learn more about TeleCayman, please visit: www.telecayman.com.
For more information about SAVVIS, please visit: www.savvis.net.