Colt secures 'major financial customers' for managed IP VPN service
Oct. 21, 2003
21 October 2003 London -- COLT Telecom Group says it has strengthened its position in the European IP Virtual Private Network market, having signed over 300 of SWIFT's financial services members across Europe in just eightmonths.
COLT has a multi-million euro contract with SWIFT, which is the industry-owned cooperative supplying secure messaging services and interface software to 7,000 financial institutions in 198 countries. For example, SWIFT carried over 1.5 billion messages in 2001. The average daily value of payment messages on SWIFT is estimated to be above USD 6 trillion.
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