Misys Wholesale Banking Systems Deploys Treasury Management Service at Equinix New York Data Center
FOSTER CITY, Calif. & LONDON--(BUSINESS WIRE)--July 21, 2004--
Global Financial IT Services Provider Leverages Secure,
Multi-Network Equinix Infrastructure for Currency Application that
Trades Billions of Dollars Daily
Equinix, Inc. (Nasdaq:EQIX), the leading provider of
network-neutral data centers and Internet exchange services, and Misys
Wholesale Banking Systems (Misys) today announced that Misys has
deployed the IT infrastructure of its new service, Misys Treasury, a
solution that provides treasury management services for banks,
corporate treasurers and fund managers, to Equinix's New York area
Internet Business Exchange(TM) (IBX(R)) center located in Secaucus,
New Jersey. With this move from an existing data center, Misys will
operate within a highly secure environment where it will have direct
access to an abundance of network service providers as well as other
financial industry companies operating within the center.
Misys Treasury is developed and marketed by Misys Global Managed
Services (Misys GMS), the business unit within Misys Wholesale Banking
Systems created to offer new ASP and managed services propositions to
banks, corporate customers and fund managers. Misys Wholesale Banking
Systems provides a wide array of technology solutions that enable
eBanking, private banking, settlement and trade services and much more
for global financial institutions. Misys GMS hosts solutions for over
800 customers worldwide and handles US$100bn in foreign exchange and
money market transactions. To implement an infrastructure that ensures
the highest levels of performance and speed, Misys will streamline its
connectivity by directly connecting to its strategic partners within
Equinix's Internet hub, rather than across long distances and in
Equinix's industry-leading data center environment provides a
secure and redundant platform for financial IT operations. The
world-class quality of Equinix data centers includes interlocking
"mantrap" doors, multiple layers of biometric hand-geometry scanners
controlling access, as well as 24-hour security officers and hundreds
of surveillance cameras. The power operations of each center include a
high-performance backup system that guarantees uninterrupted power
even in the event of utility power disruption.
In addition to a reliable physical infrastructure, Equinix centers
also offer immediate and direct access to an aggregation of leading
Internet companies within the same physical location, including all of
the top carriers, networks and ISPs. By operating within this Internet
ecosystem, Misys can directly link with these companies, rather than
connecting to them in multiple, disparate locations and over long
distances. This direct connectivity reduces bottlenecks in the path
between content origin and destination, providing improved performance
levels. The abundance of networks and service providers in Equinix's
centers will also enable Misys to quickly scale operations to meet
ongoing or unexpected growth.
"We reviewed a variety of options for the deployment of our IT
infrastructure and found Equinix to be the only place that offers the
highest levels of security, combined with a uniquely neutral business
model that provides a one-stop shop for us to reach all of the leading
networks and our other strategic business partners," said Mark Davies,
CEO of Misys Global Managed Services.
"Equinix's Secaucus center is becoming a centralized hub for
finance companies who seek to interconnect with each other as well as
with major network service providers that they count on for their
critical data communication links," said Peter Van Camp, CEO of
Equinix. "The addition of Misys will increase the value of this
critical mass to other financial companies and add to the 'network
effect' that we have seen flourish in other Equinix centers."
About Misys Treasury
Misys Treasury is a new ASP service providing browser-based
treasury management services for corporate treasurers, fund managers
and financial institutions. Misys Treasury has been designed to
provide corporate treasurers with a more efficient, flexible and risk
controlled environment for their day-to-day activities, and will
initially be released in two phases. The first release incorporates
multi-bank electronic trade execution for foreign exchange and money
market instruments, confirmation matching and the automatic population
of settlement instructions.
About Misys Wholesale Banking Systems
Misys Wholesale Banking Systems is a trusted provider of
innovative technology solutions: over 1,000 employees in 30 offices
around the world have built up the domain expertise to deliver
world-class solutions with an understanding of local requirements.
Misys Wholesale Banking Systems' staff are committed to developing and
supporting a product family that embraces trade services,
international banking, treasury & capital markets, confirmation
matching, continuous linked settlement (CLS), eBanking, middleware and
financial messaging. Misys Wholesale Banking Systems is part of Misys
plc's Banking & Securities Division, which serves over 1,200 customers
across more than 120 countries, including 92% of the world's top 50
banks and 56% of the top 250. (Source: The Banker, July 2003).
Misys plc, one of the world's largest software solutions
companies, serves customers in the international banking and
securities, US healthcare, and UK retail financial services sectors.
Employing over 6,000 staff, Misys reported revenues in excess of GBP 1
billion ($1.5 billion) for the year ended 31 May 2003.
Equinix is the leading global provider of network-neutral data
centers and Internet exchange services for enterprises, content
companies, systems integrators and network services providers. Through
the company's 14 Internet Business Exchange(TM) (IBX(R)) centers in
five countries, customers can directly interconnect with every major
global network and ISP for their critical peering, transit and traffic
exchange requirements. These interconnection points facilitate the
highest performance and growth of the Internet by serving as neutral
and open marketplaces for Internet infrastructure services, allowing
customers to expand their businesses while reducing costs.
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ materially
from expectations discussed in such forward-looking statements.
Factors that might cause such differences include, but are not limited
to, the challenges of operating IBX centers and developing, deploying
and delivering Equinix services; competition from existing and new
competitors; the ability to generate sufficient cash flow or otherwise
obtain funds to repay outstanding indebtedness; the loss or decline in
business from our key customers and other risks described from time to
time in Equinix's filings with the Securities and Exchange Commission.
In particular, see Equinix's recent quarterly and annual reports filed
with the Securities and Exchange Commission, copies of which are
available upon request from Equinix. Equinix does not assume any
obligation to update the forward-looking information contained in this
Equinix and IBX are registered trademarks of Equinix, Inc.
Internet Business Exchange is a trademark of Equinix, Inc.
CONTACT: K/F Communications, Inc. (for Equinix)
Julie Karbo, 415-255-6505
Misys Global Managed Services
Gil Bray, 845-501-0770
SOURCE: Equinix, Inc.