Optimum Lightpath Nearly Doubles Growth of Ethernet Business in Enterprise Market
Optimum Lightpath, the leading provider of intelligent enterprise data, voice and video solutions and a division of Cablevision Systems Corporation (NYSE: CVC), today announced that the business unit has experienced a 90 percent increase in Ethernet revenue growth for Q3 2007, compared to the same quarter 2006. Optimum Lightpath‘s continued annual growth further validates the Company‘s transition to a pure Metro Ethernet strategy initiated in January of 2005.
― Optimum Lightpath – particularly our base of Metro Ethernet customers – has experienced tremendous growth over the past year as we provide enterprise businesses with sophisticated telecommunications needs,‖ said Dave Pistacchio, executive vice president and general manager, Optimum Lightpath. ― The breadth and depth of our customer relationships are a testament to the scalability, reliability and cost effectiveness of Optimum Lightpath‘s network, and our ability to meet the needs of the most demanding customers in the largest business market for nearly 20 years.
According to the Insight Research Corporation, the U.S. Ethernet services market is expected to grow from $940 million in 2006 to more than $5 billion in 2012. This accelerated adoption of Carrier Ethernet, and Optimum Lightpath‘s success, are a direct result of medium and large business‘s requirements for deploying data intensive and mission critical applications over a fully fiber optic network built for business.
As a leading financial technology and services specialist in the global hedge fund sector, we process high volumes of time-sensitive trade data for our clients on a 24/7 basis,‖ said Bob Schwartz, chief technology officer at GlobeOp Financial Services. ―GlobeOp provides automated, integrated middle-and back-office, administration and risk reporting services to more than 150 hedge funds and asset management firms worldwide representing $85 billion in assets under management.
― A reliable, robust telecommunications system with very high bandwidth capacity and minimal latency times for data delivery is essential,‖ continued Schwartz. ― The telecommunications system Optimum Lightpath custom-designed for us two years ago connects two GlobeOp data centers in the New York region that provide our nine offices worldwide with both data processing support and disaster recovery capabilities. It is a state of the art 'active-active‘ processing configuration, in which both centers process data rather than one being simply used as a backup. In addition, it has the scalability and flexibility to grow with the company and its design helps us quickly test and implement innovative new services in response to market demand.
Optimum Lightpath‘s Metro Ethernet service is helping to increase productivity, streamline operations and lower the total cost of ownership (TCO) for enterprise customers across the New York metropolitan area, resulting in high customer satisfaction, specifically among hospitals, financial institutions and major corporations using its services.
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