AboveNet Will Link IPR’s Philadelphia Facilities with Data Centers in Wilmington, DE, and Reading, PA, with Future Expansion Planned into Baltimore-Washington Corridor
WHITE PLAINS, NY, April 8, 2010 – AboveNet, Inc. (NYSE:ABVT, news, filings), a leading provider of high bandwidth connectivity solutions, today announced a major new contract with IPR International, LLC, which offers comprehensive Managed Electronic Data Protection Service to over 240 clients in 17 countries.
AboveNet is providing high bandwidth connectivity solutions linking IPR facilities in Philadelphia with IPR’s recently opened data center in Wilmington, DE, and also to IPR’s Reading Business Continuity Center located in Reading, PA, where AboveNet solutions already support large enterprises, including a major global banking and financial services institution. In addition to utilizing AboveNet for its Metro Ethernet high bandwidth connectivity, they also have chosen AboveNet for its IP bandwidth services. To meet explosive demand for reliable, low latency connectivity by companies doing business throughout the mid-Atlantic region, IPR plans future expansion of its network, using AboveNet solutions to serve clients in the Baltimore-Washington metroplex.
“AboveNet is the perfect fit for our business needs,” said Bruce Carlson, IPR Vice President of Engineering. “AboveNet’s state-of-the-art solutions, competitive pricing and rapid deployment capabilities elevate them above all other providers in this sector. As importantly, we were impressed with AboveNet’s proven strengths in serving high-demand industries such as financial services, a core market for IPR. The resiliency of IPR’s data center services, coupled with AboveNet’s capabilities, provides unparalleled value to our clients.”
“In the financial services sector, as in growing numbers of businesses across a range of verticals, the demand for low latency, secure and physically diverse network connections is rising exponentially,” said Doug Turtz, Executive Director of Northeast Sales at AboveNet. “As the industry’s leading provider of high bandwidth connectivity solutions, we are very pleased to work with IPR in serving the vital needs of this important clientele.”
About AboveNet, Inc.
AboveNet, Inc. provides high-bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.
IPR International is a recognized industry leader in Managed Data Center and Data Protection Services. Through its comprehensive suite of solutions, IPR protects, preserves, secures and makes available client’s data at all times, no matter when or where the data was created and no matter when or where it is needed. Through constantly improving and evolving services combined with a passion for security, integrity, availability and ingenuity, IPR helps its clients maintain their own business operations and supports them through any interruptions. IPR is headquartered in Conshohocken, PA and serves clients in 17 countries worldwide.
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This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company’s control. This also includes such factors as are described from time to time in the SEC reports filed by AboveNet, Inc., including the most recently filed Form 8-K.