CITYREACH INTERNATIONAL DELIVERS FOUNDATION FOR THE BUSINESS INTERNET IN SWEDEN Thursday 1 February 2001 PDF Print Swedish site opening marks fifth Business Internet facility in six months Stockholm - CityReach International (CRI), the pan-European provider of infrastructure and managed services for the Business Internet, today announced the opening of its Swedish site. The 7,500 sq m facility in Stockholm is well placed for the new generation of Systems Integrators (SIs), Application Service Providers (ASPs) and web hosters operating in Sweden who wish to enable their corporate customers' e-business initiatives. Commenting at the Swedish launch, Dr. Sanjaya Addanki, CRI's CEO, said "The success of our facilities in the Netherlands, the UK, Hungary and Dublin has validated our belief, our business plans and our goal to set the standard for supporting the growth of the Business Internet. In Sweden 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. Stockholm 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 Stockholm, Kai Hammerich, Director General for Invest in Sweden Agency, ISA, who officially opened the Stockholm facility added that "The CityReach facility in Stockholm strengthens an already dynamic and innovative Swedish IT-environment. Security and availability are becoming of strategic importance when European companies migrate more and more IT processes over to the Internet. For some time now, facilities that are meeting the demands set by the next generation Internet, are being established throughout Europe. CityReach in Stockholm is a good example of this. 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 Swedish operation will provide the security, reliability, manageability and scalability found in data centres to the new generation of SIs, 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 Stockholm 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 This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.