Citibank extends IXEurope data centre contract

Source: IXEurope

IXEurope, one of Europe's leading datacenter providers, has extended its relationship with Citibank, which has been a significant customer since 2004.

The financial services sector, which is a key customer focus for IXEurope alongside major Internet players, is increasingly seeking larger and more resilient datacentre facilities to provide primary hosting, business continuity and disaster recovery services.

This trend has been fuelled by recent banking regulation, including the Basel II Capital, the US Sarbanes-Oxley Act 2002 and the more recent MIFID directive on trading processes. Financial institutions, such as investment banks and stock exchanges, are often required to provide high availability platforms and sophisticated backup solutions and have the highest technical security requirements for business critical applications.

The quality standards and datacenter facility assurance which IXEurope provides customers is an essential foundation for any major outsourcing project. In Germany, IXEurope has IXDatacentres in Duesseldorf, Frankfurt and Munich, where it also operates the TIX Internet Exchange.

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