CITYREACH INTERNATIONAL EXPANDS ITS FOUNDATION FOR THE BUSINESS INTERNET WITH OPENING OF MUNICH, ITS SECOND GERMAN LOCATION Thursday 1 March 2001 PDF Print Munich site opening marks seventh Business Internet facility in Europe CityReach International (CRI), the pan-European provider of infrastructure and managed service for the Business Internet, today announced the opening of its site in Munich. The 13,000 square metre facility is well placed for the new generation of Systems Integrators (SIs), Application Service Providers (ASPs) and web hosters operating in Germany who wish to enable their corporate customers' e-business initiatives. This is the second site to be opened by CityReach in Germany over the last two weeks and the seventh facility opened in Europe since its launch in April 1999. CityReach now boast sites in Amsterdam, London, Budapest, Dublin, Stockholm, Berlin and Munich. Speaking about CRI's establishment in Munich, Hans Spitzner, member of the Bavarian parliament, State Secretary of the Bavarian Ministry for Economic Affairs, Transport and Technology, who officially opens the Munich facility today added: "The CityReach facility in Munich strengthens an already dynamic and innovative German IT-environment. Security and availability are becoming of key strategic importance when European companies migrate more and more IT processes over to the Internet. The opening of this facility is another milestone in Munich's development as a gateway to Europe for international companies and further highlights the government's progress in attracting e-commerce enterprises here." Commenting at the Munich launch, Dr. Sanjaya Addanki, CRI's CEO explains, "Munich and Germany are rapidly developing as e-commerce hubs 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. In Munich 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. With the opening of the Berlin site just two weeks ago, the opening also demonstrates our ongoing commitment to the German business community. "The success of our facilities in the Netherlands, the UK, Hungary, Sweden and Ireland has validated our belief, our business plans and our goal to set the standard for supporting the growth of the Business Internet." Addanki, who joined CityReach from IBM, where he was Vice President responsible for IBM's e-Hosting services in Europe, Middle East, and Africa, continues, "Eighteen months ago the Internet was pretty much a consumer affair. We talked about how many boxes of chocolate and bouquets of flowers were sold on the Internet. Looking forward, the bulk of the spend on the Internet is going to come from large and medium corporates moving their business applications to the web - these would include supply chain management; enterprise resource planning; customer relationship management; e-market places and e-procurement. It is these core businesses moving onto the web that are driving the need for a solid Business Internet." CityReach's Munich operation will provide the security, reliability, manageability and scalability found in in-house 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. CityReach is rooted in the mission-critical, zero tolerance, corporate IT culture. The Munich 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 seven high-quality, secure data centres already operational. 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. For more information, visit 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.