~ Opsware(tm) Automation Technology To Help Leading Electronic Foreign
~ Exchange Portal Automate Deal Execution, Confirmation and Settlement Process
London, June 26, 2001 -- Loudcloud Inc. (NASDAQ: LDCL), the leading managed
service provider, today announced that Atriax, the premier electronic
foreign exchange portal headquartered in London, has contracted Loudcloud to
provide managed services to its transaction and information portal.
Atriax will deliver an open marketplace for all corporate, institutional and
banking foreign exchange professionals globally. An independent company
backed by Citibank, Deutsche Bank, JP Morgan and Reuters, Atriax's growing
membership already includes over sixty of the world's largest foreign
exchange banks. On its website, www.atriax.com,
Atriax provides market data and news from Reuters, the global leader in this
field, and consolidated research and currency forecasts from its member
banks. The rollout of dealing services began earlier this month. Loudcloud
is managing and hosting the Internet operations of the technology that will
make this possible.
"With an estimated daily turnover of $1.5 trillion, the foreign exchange
market is by far the largest traded market in the world and often the most
volatile," said Stephen Epstein, Atriax's Chief Technology Officer. "Atriax
will bring together technology, information, and liquidity to deliver to the
market a better way of doing business. We must guarantee our members
constant availability. Loudcloud, with its Opsware automation technology,
application expertise and process driven operational capability gives us the
confidence to promise all our members globally that the Atriax dealing and
information engines will have around-the-clock availability."
For more information visit their website http://www.atriax.com
Loudcloud's Opsware automation technology provides the foundation for
Loudcloud's managed Internet infrastructure services. Opsware captures and
manages the numerous pieces of information, decisions and processes required
to deploy, manage and grow an Internet infrastructure successfully. By
automating and streamlining formerly manual tasks, Loudcloud can offer its
customers better quality, scale and speed in their Internet operations.
"Loudcloud's customers include some of the leading financial services
companies on the Web today," said Ben Horowitz, CEO and co-founder of
Loudcloud. "Opsware technology's capabilities fit closely with Atriax's
needs to scale their Dealing Engine to meet the demand, without having to
manage the dramatic and inefficient expense of purchasing and managing the
site's underlying infrastructure for themselves. Atriax can focus on
offering their customers consolidated pricing, news and information and the
best online dealing engine for foreign exchange."
Loudcloud is the leading managed service provider, offering a new solution
for outsourcing global Internet operations for enterprise companies,
application service providers and large-scale Internet businesses. Loudcloud
moves beyond basic hosting or consulting services with its unique Opsware
technology to automate, scale, and monitor Internet operation functions
previously done by hand. Loudcloud manages its infrastructure network via a
worldwide network of data centers and Network Operations Centers (NOCs)
located in North America and Europe. For more information on Loudcloud,
please visit our Web site at http://www.loudcloud.com
Loudcloud and Opsware are service marks and trademarks of Loudcloud, Inc.
All other product names, service marks, and trademarks mentioned herein are
trademarks of their respective owners.
Tel: 00 44 1628 400900
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