SUMMIT, NJ & DUBLIN, IRELAND – NOVEMBER 16, 2010 – Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, announces today that Capacity Media has selected its Global Financial Network (GFN) as the 2010 Best Market Innovation at the Capacity Awards Ceremony. The Ceremony was held last night in Amsterdam, on the first evening of Capacity Europe 2010.
“Hibernia Atlantic stood out for the judges for its decision to build a new ultra low latency transatlantic subsea cable exclusively to serve financial services sector; this will be the first new transatlantic cable in nearly 10 years,” states Eira Hayward, Managing Editor of Capacity Magazine. “The cable is to form part of Hibernia’s innovative Global Financial Network (GFN) which links directly into the banking hubs of Frankfurt, Chicago and Toronto, as well as London, New York and more.”
Utilizing the Hibernia Atlantic diverse and secure backbone, the GFN offers world-leading broker dealers, hedge funds, market data providers and other financial firms over 100 Points of Presence (PoPs) into key capital market cities in the US, Canada, UK, France, Germany, Ireland and mainland Europe. Hibernia also recently announced its plan to build Project Express, the lowest latency transatlantic connection from New York to London, with sub 60 ms speed, with additional high-speed connectivity into Chicago. The new build is expected to be complete by the summer of 2012. A map of the proposed build is here: http://www.hiberniagfn.com/documents/ProjectExpress_Map.pdf
“Hibernia Atlantic is honored to win this award,” continues Mike Saunders, Vice President of Business Development for Hibernia Atlantic. “The GFN was created as a response to the needs of our global financial customers, namely greater bandwidth capacity and security. Built to meet these performance and reliability requirements, the GFN allows the financial community to meet their next generation service demands. With the addition of Project Express and our lowest latency routing options, we are looking forward to an innovative and successful next few years ahead.”
About Hibernia Atlantic’s GFN:
Hibernia Atlantic’s Global Financial Network (GFN) is a financial exchange connectivity division of Hibernia Atlantic, the Trans-Atlantic, high-bandwidth, connectivity provider. Built on over 24,000 kilometers of network, GFN connects the world’s largest exchanges datacenters to its direct participants through secure and diverse dedicated, high bandwidth, ultra low-latency Ethernet and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths and traditional SONET/SDH services. Utilizing the Hibernia Atlantic diverse and secure backbone, GFN offers world-leading broker dealers, hedge funds, market data providers and other financial firms over 100 Points of Presence (PoPs) into key capital market cities in the US, Canada, UK, France, Germany, Ireland, mainland Europe and the Pacific Rim. For more information, please visit www.hiberniagfn.com.
About Hibernia Atlantic:
Hibernia Atlantic is the only American-owned, diverse transAtlantic high bandwidth connectivity provider. Hibernia is a subsidiary of Columbia Ventures Corporation (CVC) and owned by both CVC and Constellation Ventures Partners. It is a transAtlantic submarine cable and terrestrial fiber network that offers over 100 redundant network Points of Presence (PoPs) throughout Canada, US, UK, and mainland Europe on over 24,000 kilometers of network. Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. In addition, Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. Hibernia Atlantic owns Hibernia Media, which operates in 20 European and North American markets and represents the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network. Hibernia Media offers a full range of services to customers who generate and manage multi-media content. For more information on Hibernia Atlantic’s cutting-edge network or to view their communication video, please visit www.hiberniaatlantic.com. For further information on Hibernia Media, please visit www.hiberniamedia.com.
For Hibernia Atlantic business inquiries, please contact Melissa Butler at 908-988-1990 or melissa.butler@hiberniaatlantic.com.
To view Hibernia’s corporate overview video, please click here: http://www.youtube.com/watch?v=p0xVMLEfFrk&eurl=
For Hibernia Atlantic and GFN media inquiries, please contact:
Jaymie Scotto & Associates
+1.866.695.3629
pr@jaymiescotto.com
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