May 9, 2005 Austin, TX -- OnFiber Communications announced that it is providing custom optical networks to financial services companies. Based on its AdaptiveBuild process for developing MANs and WANs, the provider says its platform supports critical infrastructure for applications such as disaster recovery and business continuity.
The company says it currently provides its platform to financial services customers including mortgage bankers, credit rating firms, and regional banking institutions such as Fannie Mae, Moody's KMV, and Northwest Corporate Credit Union.
"Financial services companies are extremely dependent on the proper functioning of their telecom networks, which require superior security and network reliability," remarks Mohammad Fattah, vice president of business development for OnFiber. "Our prior success with these types of companies has led to today's announcement."
The provider says its network offering for financial services is best suited for the mission-critical networks used by these types of companies, but can also be leveraged across other industries and applications. The provider says it 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 says its networks serve as the foundation for these enterprise applications, based on managed transport services including Wavelength, Ethernet, and SONET.
"Our research shows that the financial services industry is a leading sector with respect to bandwidth requirements and use of next-generation technologies," concludes Brian Van Steen, a senior analyst for RHK. "OnFiber's developing focus in this area will strengthen its ability to grow its business in a competitive marketplace."