AboveNet Continues Strategic Expansion of High Bandwidth Services to Data Centers in Top Metro Markets
New sales campaign will focus on enabling data center customers to connect seamlessly over dedicated, high performance network
- (1888PressRelease) December 23, 2010 - AboveNet, Inc. (NYSE:ABVT), a leading provider of high bandwidth connectivity solutions, today announced a strategic sales campaign to expand its network reach to enterprises and carriers in the top U.S. metro markets. The campaign will initially focus on customers in the more than 400 data centers already connected to AboveNet’s high performance, low latency network.
The new sales initiative specifically helps expand AboveNet’s reach to private and carrier neutral data centers with a significant concentration of web-centric businesses, financial services organizations, law firms, health care providers, and enterprises with multinational points-of-contact.
“Today’s market leaders recognize that the engine of a strong economy is business connectivity,” said John “Joc” Jacquay, senior vice president of sales and marketing for AboveNet. “Through our continued investment in new network facilities and expanded reach to new data centers, AboveNet is committed to providing high bandwidth connectivity solutions that ensure on-demand access to the low latency, secure, diverse network paths our customers require for current and future growth.”
As businesses continue to move mission-critical applications to the data center, there is an ever-increasing need for dedicated, secure fiber optic networks to handle data intensive applications such as multimedia transfers, cloud computing, and data replication and disaster recovery. AboveNet provides diverse, high bandwidth solutions to meet this demand in and between the metro markets where businesses need connections to their customers, clients and partners.
“Public and private cloud services are generating a very high amount of interest among enterprises and service providers that are interested in building end-to-end hosted and managed solutions," said Brian Washburn, research director, Business Network Services, Current Analysis. "AboveNet's connectivity campaign is an enabler that can bring a high density of enterprises and data centers together using secure, resilient, low-latency services."
AboveNet provides a complete portfolio of metro Ethernet, WDM, Long Haul and IP transit services, and fiber optic infrastructure to enable the global business community. For more information about AboveNet‘s solutions, please visit http://www.above.net/solutions/.
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.
Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. We cannot assure you that the future results expressed or implied by the forward-looking statements will be achieved. Such statements are based on the current expectations and beliefs of the management of AboveNet, Inc. and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's financial and operating prospects, current economic trends, future opportunities, the Company's exposure to the financial services industry, and strength of competition and pricing. The Company's business could be materially adversely affected and the trading price of the Company's common stock could decline if these risks and uncertainties develop into actual events. The Company cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. A more detailed discussion of factors that may affect the Company's business and future financial results is included in the Company's SEC filings, including, but not limited to, those described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and in the Company's subsequently filed Quarterly Report(s) on Form 10-Q.
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