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'Investing USD30 million and creating 30 new jobs in Dublin'


CityReach International (CRI), the pan-European provider of infrastructure
and managed services for the Business Internet, today announced the
opening of its Irish site. The 120,000 sq ft facility at Clonshaugh in
North Dublin, one of the largest in the CRI network, is well placed for
the new generation of Systems Integrators (SIs), Application Service
Providers (ASPs) and web hosters operating in Ireland who wish to enable
their corporate customers' e-business initiatives.

Commenting at the Dublin launch, Dr. Sanjaya Addanki, CRI's CEO, said "The
success of our facilities in the Netherlands, the UK and Hungary has
validated our belief, our business plans and our goal to set the standard
for supporting the growth of the Business Internet. In Dublin we will be
offering our partners the same quick and easy access to our facilities
and managed services, with no compromise on security or technical
excellence. Dublin is rapidly developing as an e-commerce hub for Europe
and the establishment of our facility here puts us one step further
towards our goal to set the standards in the next generation of
infrastructure and managed services."

Speaking about CRI's establishment in Dublin, an Tánaiste (Deputy Prime
Minister), Mary Harney, who will officially open the Clonshaugh facility
tomorrow, Thursday, 18 January, added that "Companies like CityReach
International can now offer their customers in Ireland levels of
connectivity and technical excellence on a par with those anywhere in the
world. The opening of this facility is another milestone in Ireland's
development as a gateway to Europe for international companies and further
highlights the government's progress in attracting e-commerce enterprises
here."

According to Addanki, who joined CityReach from IBM, where he was Vice
President responsible for IBM's e-Hosting services in Europe, Middle
East,and Africa, the CRI services are unique in providing the necessary
foundation for the Business Internet. The company is also the first
pan-European enterprise to receive Cisco Application Infrastructure
Provider (AIP) certification, thereby proving that CRI meets the superior
infrastructure design standards that Cisco requires.

With an increasing number of companies migrating their operations and
business processes - retail transaction systems, CRM, supply chain
management, personnel management and ERP - to the Internet, the demand
will be for the sort of mission-critical capabilities they enjoy in their
conventional in-house data centres - a virtual glass-house'. CityReach's
Dublin operation will provide the security, reliability, manageability and
scalability found in data centres to the new generation of System
Integrators, ASPs and web hosters that service the major corporates.

Unlike traditional carrier hotels, co-location and application hosting
providers which offer little more than 'rack-based real estate,' and are
designed to serve the IP environment with its high tolerance of failure,
CRI is rooted in the mission-critical, zero tolerance, corporate IT
culture. The Dublin site, in common with the rest of the CityReach
pan-European network, will offer value through comprehensive and
guaranteed managed services from a highly secure and reliable environment.

About CityReach International

Headquartered in London, with offices across Europe and the U.S.,
CityReach International (CRI)is setting the standard for the
infrastructure and managed services that form the foundation for the
Business Internet. The company is building a pan-European managed
infrastructure platform with a total of 20 high-quality, secure data
centres planned for the end of 2001 and 7 operational in 2000. The
CityReach International team has unrivalled industry experience in the
areas of secure, reliable data centres, corporate application development
environments, customer care and service delivery. The company is
investing over $350m in its products and services deployment plan with
backing from leading venture capitalists including Battery Ventures, Chase
Capital Partners, M/C Venture Partners, Investcorp, Morgan Grenfell
Private Equity and Vulcan Ventures.

Additional information about CityReach can be found at
http://www.city-reach.com

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