Spread Networks announces Sidera Networks as Integrated Wholesaler
Ridgeland, MS - May 31, 2011 - Spread Networks, LLC, operator of the fastest network between New York and Chicago, today announced a new agreement with Sidera Networks, LLC, the premier provider of fiber optic-based network solutions, which gives Sidera the right to wholesale Spread Networks® Ultra Low Latency Wave service, effective immediately.
This relationship enables the integration of Spread Networks® 14.6 millisecond round-trip Chicago-NY Ultra Low Latency Wave service with Sidera's Xtreme Network in both the New York and Chicago metro areas. As part of the agreement, Sidera will also offer managed services over Spread Networks® Carteret-Secaucus Dark Fiber.
"The Sidera Xtreme Network is an excellent complementary offer
to our Ultra Low Latency Wave Service," said David Barksdale, Chief
Executive Officer of Spread Networks, "The broad reach of the
Sidera Xtreme Network represents tremendous last-mile flexibility
for firms seeking the lowest latency door-to-door round trip
between New York and Chicago."
"For more than a decade, Sidera has introduced innovative
solutions to help our customers gain a competitive advantage,
including our Xtreme network, which is a testament to our deep
understanding of the needs of our financial services clients. With
the addition of the Spread network, Sidera can combine its
industry-leading low latency metro services with the lowest latency
New York to Chicago service, offering our clients a comprehensive
and unique solution," said Mike Sicoli, CEO of Sidera Networks.
Sidera will resell services on Spread Networks® Ultra Low Latency Wave service between Chicago, IL and Spread Networks New Jersey endpoints at Newark, Weehawken, Carteret and Secaucus. With the shortest route between Chicago and New Jersey, the services will provide among the lowest latency of any available network service between these financial centers.
In addition to electronic trading firms, this service is ideal
for brokers, market data vendors, exchanges, ECN and alternative
trading systems (ATS) that value low latency. The network is
monitored by a dedicated customer service team and backed by a
competitive service level agreement.
Spread Networks fiber network was built from the ground up with
the financial community in mind. In addition to its wave services,
Spread Networks offers its flagship private dark fiber service that
is the benchmark for ultra low latency connecting New York and
Chicago in under 13.33 milliseconds roundtrip. To build this
network, Spread Networks literally trenched a long-haul route on
the shortest possible path connecting these two financial
centers.
About Spread Networks
Spread Networks, a privately owned telecommunications provider,
built a new fiber network from the ground up, connecting New York
and Chicago to set a new standard for latency. Without the drag of
traditional telecommunications offerings, Spread Networks provides
its customers with a state-of-the-art diverse and secure fiber
optic network to allow data to run as close as possible to the true
speed of light through fiber.
www.spreadnetworks.com
About Sidera Networks
Sidera Networks, LLC., www.sidera.net, is the premier provider of
tailored, high capacity communications services to carrier and
enterprise customers. Sidera Networks offers a comprehensive suite
of facilities-based services including: Ethernet, SONET,
Wavelength, Dark Fiber, Internet Access, Colocation and more. With
a fiber optic network leveraging unique rights-of-way that spans
from Maine to Virginia, out to Chicago and up to Toronto, Sidera is
committed to delivering cost-effective, custom solutions coupled
with superior industry expertise, service and support.
Contact:
media@spreadnetworks.com
Maura.Mahoney@sidera.net