Hibernia Atlantic unveils ‘Secure’ trans-Atlantic SLA

15 Jun 2011

Trans-Atlantic fibre network Hibernia Atlantic has bundled a 100pc service level agreement with Hibernia Secure on its lowest latency lit capacity between US and European financial cities.

The recent spate of cyber attacks on the IMF and Citigroup have financial institutions on their guards.

The ‘Hibernia Secure’ service adds dedicated network protection across its low latency failover routes on Hibernia’s Global Financial Network (GFN) and adds an additional layer of protection for financial firms’ critical communications.

Hibernia Secure, like Hibernia’s standard GFN service, also offers industry-leading, rapid five-day installations, from signature to service, or clients will receive one month of free service guaranteed.

Secure was created to meet the demands of the financial community asking for dedicated network protection over low latency failover routes between Chicago, Toronto, New York Metro, London and Frankfurt. Additionally, for a limited time, Hibernia Secure customers will be given one and two months of free service on 12 and 24-month term contracts, respectively.

“GFN’s customers now have, with one single connection, access to multiple low latency network routes between key financial cities, such as New York and Chicago, and the peace of mind that comes with our improved SLA,” Eric Gutshall, executive vice-president of sales and marketing for Hibernia Atlantic, explained.

“This in turn strengthens GFN’s speed and delivery to other highly sought-after financial cities, and provides a true competitive advantage for financial firms and high frequency traders globally.”

Built on more than 24,000 kilometres of optical-fibre network, GFN connects the world’s largest exchanges’ data centres to its direct participants through secure, diverse, dedicated, high bandwidth and ultra low-latency Ethernet and optical-level service from 1-GigE, 10-GigE, LanPhy wavelengths and traditional SONET/SDH services.

Hibernia Atlantic’s transatlantic and terrestrial cable network offers more than 70 points of presence throughout Ireland, Canada, the US, the UK and mainland Europe. The fibre-optic transatlantic cable system owned by Hibernia was originally laid by 360 Networks at a cost of €900m.

It was acquired by Ken Peterson’s Columbia Ventures several years ago for a fraction of that sum at just US$18m after 360 Networks filed for Chapter 11 bankruptcy protection in the US.

In June, the network was augmented by the €30m ‘Project Kelvin’ fibre cable that will link Ireland to 24,000 kilometres of cable below the sea connecting Ireland with the US, Canada and the UK. It comes ashore in Portrush, Co Antrim.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years