euNetworks provides Ethernet connection to CONET Services in Germany

DECEMBER 9, 2009 -- European network services provider euNetworks Group Ltd. (SGX: H23.SI) says that CONET Services AG selected euNetworks’ euConnect service to offer ultra-low latency Ethernet connectivity between CONET and other key exchanges, trading houses, and data centers.

DECEMBER 9, 2009 -- European network services provider euNetworks Group Ltd. (SGX: H23.SI) says that CONET Services AG selected euNetworks’ euConnect service to offer ultra-low latency Ethernet connectivity between CONET and other key exchanges, trading houses, and data centers.

euConnect is a high performance Ethernet networking service for linking buildings across and between European cities. euConnect is delivered as either Gigabit Ethernet or 10-Gigabit Ethernet with bandwidth options between 100 Mbps and 10 Gbps, available in 15 metro cities across Europe.

The core competences of CONET Services AG are the provision of IT data center services, especially the hosting of low-latency trading systems in proximity centers, as well as related consulting. The spread services provided by the new subsidiary of the CONET Group range from conception to the installation as well as the operation of IT systems and applications, which are designed especially for financial service providers with special requirements towards the stability and availability of IT systems.

“We choose euNetworks based on their quick turnaround and flexibility to meet both our immediate and long-term business needs. What impressed us most was their ability to deliver against their promises,” said Franz Pepelnik, CEO of CONET Services AG.

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