Rackspace
Catches AboveNet Wave [July 13, 2004]
LONDON,
Jul 13, 2004 /PRNewswire via COMTEX/ -- AboveNet Communications
UK Ltd, a subsidiary of AboveNet Inc., a leading provider
of integrated access services to leading edge enterprises,
announced today that it has signed a contract with Rackspace
Managed Hosting (http://www.Rackspace.com)
for two diversely routed 1Gigabit wavelengths and IP
Transit in excess of 100Mb.
Managed web-hosting provider Rackspace,
who has recently secured a US$25 million revolving line
of credit from Comerica Bank, is increasing their network
capacity across the City of London to accommodate for
its increasing share of the UK's managed hosting market.
The diversely routed 1 Gigabit wavelengths
will connect Rackspace from IX Europe's London West
facility in Heathrow to Telehouse in the Docklands.
The wavelengths, which will be provided over AboveNet's
new London DWDM network, will be provisioned across
completely separate routes in order to enhance the redundancy,
speed and quality of their existing network.
Rackspace will also connect to the AboveNet
global IP backbone via Gigabit-Ethernet connectivity,
gaining access of up to 1 Gigabit of unconstrained bandwidth
capacity. This dedicated supply of IP transit will enable
Rackspace to continue to provide the secure and reliable
service that its customers have come to expect.
"Rackspace is focusing on meeting
the growing demands of its customer base and as such
the stability and performance of our network is crucial
when providing a high quality, high performance platform
for new and existing business. AboveNet's network and
technical ability to provide this solution gives us
the freedom to concentrate on providing top quality
services in this highly competitive managed hosting
market," said Dominic Monkhouse, Rackspace's MD.
"Rackspace's exponential growth
over the last year and continued growth set for the
future commands a network that can scale with the expansion
of its business. It gives me great satisfaction that
AboveNet is continuing to build on the existing strength
of a relationship with a company as well known in the
market place as Rackspace," said John Dowbiggin,
AboveNet's UK MD.
About Rackspace Managed Hosting
Founded in 1998 with locations in Europe
and the USA, Rackspace Managed Hosting provides its
award winning managed Web hosting services and unique
brand of customer service, Fanatical Support(TM), to
a broad range of enterprises. Focusing exclusively on
managed hosting, Rackspace supplies the necessary infrastructure
-- servers, software, bandwidth and management -- needed
to run almost any hosted solution.
The company's philosophy of Fanatical
Support has made Rackspace one of the fastest growing
companies in the world. 2003 was Rackspace's best year
yet, with a turnover growth of 240%, the average revenue
per customer going up by 33% and now has more than 1,000
customers.
Rackspace has received numerous industry
awards for its Fanatical Support(TM) including, most
recently, Microsoft's Hosting Solutions Service Provider
of the Year Award and the prestigious Learning Organisation
Award from the Unisys Customer Service Excellence Awards.
For more information, visit http://www.rackspace.co.uk
or call 1-800-587-2306.
About AboveNet, Inc.
AboveNet, Inc. is a top provider of
integrated access services for leading edge enterprises.
AboveNet builds and operates an office-to-office, 100-percent
optical network enabling customers to create an efficient,
cost- effective network that breaks economic and performance
barriers imposed in the last mile by complex legacy
telecom infrastructures. With one of the most extensive
metropolitan optical networks in the world, data centers
throughout the US and Europe, top quality managed services
and a high-performance IP network, AboveNet is able
to offer the most flexible and complete information
exchange solutions in the industry.
This news release contains forward-looking
statements that involve risks and uncertainties. Factors
that could cause or contribute to such risks and uncertainties
include, but are not limited to, general economic and
business conditions, competition, changes in technology
and methods of marketing, and various other factors
beyond the Company's control. This also includes such
factors as are described from time to time in the SEC
reports filed by the Company including the most recently
filed Forms S-3, 10-K, 10-Q and 8-K.
CONTACTS:
Jody Taylor
AboveNet Communications UK Ltd.
+44(0) 20 7531 2200
jody.taylor@above.net
SOURCE AboveNet Communications UK Ltd
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