PR Archives:  LatestBy Company By Date

Press Release -- October 3rd, 2016
Source: Interoute

New partnership sees IATA take flight in the Interoute cloud

Interoute Virtual Data Centre provides secure, global ICT infrastructure to support IATA financial systems

London, October 4th 2016Interoute, owner operator of a global cloud services platform and one of Europe’s largest networks, has today announced that the International Air Transport Association (IATA), the trade association for the world’s airlines, has selected Interoute as its preferred ICT partner. Interoute will become the hosting and managed services provider for a critical set of IATA’s Industry Settlement Systems and Services, as well as delivering DDoS protection and security consultancy. Interoute Virtual Data Centre (VDC) will enable IATA to sustain its critical applications and systems providing settlement services for airlines across the globe.

IATA is a not-for-profit organisation, currently representing some 265 airlines worldwide, which equates to 83% of total air traffic1. From its offices in 53 countries around the world, IATA works with its members to make air transport safer, more profitable and efficient through the implementation of global standards and solutions. As part of its remit to serve the air transport industry, IATA develops and operates many critical financial systems and applications.

Interoute will host IATA’s Europe operations in its Geneva and Zurich VDC zones. Two applications are already in the on boarding process, the first of which is the ‘IATA Clearing House’ (ICH). This provides fast, secure and cost-effective settling of accounts between the world’s airlines, airline-associated companies and Travel Partners. In 2015, the ICH processed $54.3 billion in billing transactions, with a settlement success rate of 99.99999%2. The second is the ‘IATA Remittance and Settlement Integrated Solution’, which processes the collection and settling of billing amounts due.

Pascal Buchner, CIO at IATA, commented: “As an international organisation running highly critical applications for the aviation industry, we are excited to have found in Interoute a global cloud provider who can support our broad set of Information Communications Technology (ICT) needs in Europe. Interoute’s infrastructure brings us the scale and reach vital for us to provide a best in class service to airlines.”

Matthew Finnie, CTO at Interoute, added: “Interoute VDC offers a global cloud of integrated network and compute resources, across 17 Interoute VDC zones in Europe, North America and Asia. Its scalable computing capability delivered globally, combined with its ability to restrict data and applications to specific geographies is exactly the environment IATA required. We are delighted to bring them on board and act as a true partner, driving value and innovation for IATA and the airlines it serves.”





About IATA

The International Air Transport Association (IATA) is the trade association for the world’s airlines, representing some 265 airlines or 83% of total air traffic. We support many areas of aviation activity and help formulate industry policy on critical aviation issues.

Forward-Looking Statements

This communication contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “believes”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “is of the opinion”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “to the knowledge of”, “will”, “would” or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding business and management, future growth or profitability and general economic and regulatory conditions and other matters affecting Interoute.

Forward-looking statements reflect the current views of Interoute’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause Interoute’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause Interoute’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements.

Interoute’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. Interoute does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.

PR Archives: Latest, By Company, By Date