SOURCE: OnFiber Communications

May 09, 2005 07:00 ET

OnFiber Announces Financial Services Offering

Market Expertise Combined With Proven Experience Create Secure and Reliable High Performance Networks That Support Mission-Critical Applications

AUSTIN, TX -- (MARKET WIRE) -- May 9, 2005 -- OnFiber Communications, the premier source for purpose-built networks, today announced a new network offering designed specifically for companies in the financial services industry. Based on its unique AdaptiveBuild™ process, OnFiber is now providing custom optical networks that meet the demanding requirements of financial services companies. The offering delivers reliable, high capacity solutions to support critical infrastructure for applications like disaster recovery and business continuity. OnFiber has proven expertise and experience in this segment of the market as it currently provides this service to many financial services customers including mortgage banking industry leaders, national credit rating firms, and regional banking institutions such as Fannie Mae, Moody's KMV and Northwest Corporate Credit Union.

The financial services industry has demanding and evolving network needs. Having the right technology initiatives in place, such as storage, business continuity, and disaster recovery, is essential to the success of these companies. OnFiber provides the network solutions that meet these needs with custom designed solutions that ensure security and network diversity while maximizing service availability. Leveraging the AdaptiveBuild process, OnFiber effectively designs, constructs, and operates unique metropolitan and wide-area networks on tight schedules and to the highest specifications.

"Financial services companies are extremely dependent on the proper functioning of their telecom networks, which require superior security and network reliability," said Mohammad Fattah, vice president of business development, OnFiber Communications. "OnFiber can provide a custom-built solution to meet individual needs and can also provide the prompt, efficient, and personalized customer service that is the cornerstone of OnFiber's business. Our prior success with these types of companies has led to today's announcement."

OnFiber's network offering for financial services is best suited for the mission-critical networks used by these types of companies, but it can also be leveraged across other industries and applications. OnFiber supports the networked applications that are predicted to be in the greatest demand in 2005, including data backup, disaster recovery, storage area networks (SANs), voice over Internet Protocol (VoIP), Enterprise Resource Planning (ERP), and Supply Chain Management (SCM). The company's networks serve as the foundation for these enterprise applications, based on managed transport services including Wavelength, Ethernet and SONET.

"Solution selling by industry vertical can allow OnFiber to differentiate itself from other competitors and is an important way to maintain profitability and sustain growth," said Brian Van Steen, senior analyst for RHK. "Our research shows that the financial services industry is a leading sector with respect to bandwidth requirements and use of next-generation technologies. OnFiber's developing focus in this area will strengthen its ability to grow its business in a competitive marketplace."

About OnFiber Communications, Inc.

OnFiber Communications, Inc. is a metro network solutions provider that designs, builds, and operates unique communications services for its customers. In addition to delivering custom networks for enterprises through AdaptiveBuild™, OnFiber solves local connectivity challenges for its service provider customers. Through the optical networks it owns and operates across the U.S., OnFiber bridges the gap between global infrastructure and the network edge. OnFiber is an agile organization that strives to deliver reliable and efficient broadband services on time, every time. For more information about OnFiber, please visit www.onfiber.com or call 1-866-ONFIBER.

OnFiber, AdaptiveBuild and Coil Design are registered trademarks of OnFiber Communications. All other products or service names mentioned herein may be the trademarks of their respective owners.

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