Dublin, Ireland – (The Hosting News) – August 29, 2007 – Colocation, VoIP, and Internet backbone company, Level 3 Communications’ Business Markets Group, has been selected to be the exclusive network provider for Wall Street West, a Federal and Pennsylvania-funded initiative to provide back-up systems to New York City’s financial institutions.
Wall Street West, a comprehensive program designed to attract financial services firms to northeastern Pennsylvania, will include network infrastructure and services between the two regions, a workforce development program, and other financial incentives. Under the terms of the agreement between Level 3 Communications and Ben Franklin Technology Partners, fiscal agent for the Wall Street West initiative, Level 3 has been selected to construct a diverse fiber optic network from New York City to Northeastern Pennsylvania.
The network will be designed to meet specific requirements for Business Continuity and Disaster Recovery applications to protect critical financial information in the event of an outage in the New York City area. Network construction is targeted to begin over the next 12 months.
Governor Edward G. Rendell, Commonwealth of Pennsylvania remarked, ”The Wall Street West initiative provides a robust and unique alternative for financial institutions seeking to improve their disaster recovery model. Level 3 is a long-time and valued provider to the Commonwealth of Pennsylvania, and we believe that Level 3’s involvement with Wall Street West enhances the benefits of this proposition.”
Chadwick Paul, CEO of Ben Franklin Technology Partners and member of the Wall Street West executive committee added, ”Level 3’s advanced network provides the reliability and scalability necessary for real-time, secure back-up for mission critical applications. With its existing network depth and breadth in New York City and Pennsylvania, Level 3 will be able to bring these capabilities right to the customer’s doorstep.”
Raouf Abdel, President of Level 3’s Business Markets group commented, ”We are pleased to be the network provider of choice for this important and innovative initiative. Level 3 is committed to expanding our network infrastructure to better serve our customers. We believe that Level 3 and Wall Street West will greatly enhance the business continuity and disaster recovery options for our valued financial service customers.”
Wall Street West is a $40 million initiative involving a variety of federal, state and private funding sources, including a $15 million investment from the Federal government through the Workforce Innovation Regional Economic Development (WIRED) program.
Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. The services are designed to provide building blocks that enable Level 3’s customers to meet growing demands for advanced communications solutions.The principal components offered by Level 3’s (3)VoIP Enhanced Local service include network trunking, local telephone numbers, local number portability, the safety of E-911, operator assistance, caller ID, directory listings, and directory assistance. The service is designed to allow Level 3 customers to retain the flexibility to manage and control end-user features without the difficulties of implementing complex interconnection arrangements.
For more information about Level 3, please visit: www.level3.com.