CityReach International strengthens Business Internet infrastructure with EMC Information Storage Wednesday 20 June 2001 PDF Print New offering designed to address rapidly expanding worldwide market for storage services forecast to reach $40bn by 2003. London 20 June 2001 - CityReach International (CRI), the leading pan-European provider of infrastructure and managed services for the Business Internet, today announced the launch of its DataCare Storage on Demand service, a new managed storage service - based on the same information storage infrastructure used by 95 per cent of Fortune 100 companies - leveraged through CityReach International's strategic relationship with EMC Corporation (NYSE:EMC). EMC is providing CityReach International with information storage, high availability and disaster recovery capability at its European sites, starting with London and Dublin and moving on to CityReach International's other centres in Amsterdam, Stockholm, Budapest, Berlin, Munich and Paris. CityReach International is using this capability as the foundation for its first fully managed storage service, designed to meet the flexibility and scalability requirements of the new generation of SIs, ASPs and web hosters that service the major corporates. The new CityReach International DataCare service is designed to address the phenomenal growth in data storage which represents a growing headache to already overstretched IT departments. Independent research* indicates that online storage needs of the global top 2500 companies are expected to grow at a rate of 78 per cent annually over the next three years. "There's clearly an acute need for the storage services that CityReach International is launching today," said Sanjaya Addanki, CityReach International's chief executive officer. "Current forecasts predict that data storage requirements will rise ten fold over the next 5 years and even this year we can expect storage-related costs to constitute 70 per cent to 80 per cent of all IT infrastructure purchases. For far-sighted companies embracing CityReach International's storage solutions, cost savings of up to 70 per cent can be realised over building and operating an equivalent solution in-house. And perhaps more importantly, we can drastically cut the lead time to implement the solution." "Our DataCare services combine the best of everything - CityReach International's industry leading facilities, EMC information storage and top-flight 24x7 management expertise - to create a top-class service for our customers", continues Addanki. "It's all part of the CityReach International philosophy which is all about helping our customers to focus on their core business rather than devoting valuable time and resource to the support services that underpin it." "One of the major challenges facing all our customers today is the need to virtually eliminate downtime; as companies move their mission critical business applications to the web, they simply cannot afford the luxury of maintenance windows. EMC information storage is specifically designed with these requirements in mind, thereby complementing our portfolio perfectly. And in addition to that, our Dublin site is ideally placed to host EMC customers who are moving from their Cork incubator centre to long-term hosting locations." CityReach International's decision to deploy an EMC information storage infrastructure enables its own customers to avail themselves of EMC-based solutions. By adding EMC-based managed storage to its integrated stack of scalable managed services, which include managed security, systems and database services, CityReach International will further enhance its leading position as laying the most exacting foundation for the Business Internet in Europe and beyond. Marcus Hill, director of Ebusiness, EMEA, at EMC comments: "Information is fast becoming the most valuable asset in today's economy, and how you manage information is a key differentiator. It is absolutely critical for Internet Businesses to run a highly available and highly scalable storage environment. Using their combined expertise, CityReach International and EMC have worked closely together to ensure that CityReach International offers the secure foundation needed to build and maintain an infrastructure that's right for Internet Businesses. Safely." 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 International is rooted in the mission-critical, zero tolerance, corporate IT culture. * (Source: Forrester Research) 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 eight 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 €389m in its products and services deployment plan with backing from leading venture capitalists including Investcorp, Battery Ventures, JPMorgan Partners, M/C Venture Partners, Morgan Grenfell Private Equity and Vulcan Ventures. For more information, visit http://www.city-reach.com About EMC: EMC Corporation (NYSE: EMC) is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at http://www.emc.com. For EMC: Simone Carr, Text 100 Tel: +44 (0) 208 996 4165 mailto: SimoneC@text100.co.uk ______________________________________________________________________ Click on the link below to see this news release as it appears on the Brodeur News Room website and obtain full contact details. http://www.brodeurnewsroom.com/asp/release.asp?rid=1571&cid=... ______________________________________________________________________ Click the link below to login and update your company and subject preferences, or personal details. http://www.brodeurnewsroom.com/asp/login.asp ______________________________________________________________________ Click on the link below to have your login details re-sent to you. http://www.brodeurnewsroom.com/asp/forgot.asp ______________________________________________________________________ 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.