Friday, 28 September 2007

OMX Outsources Global Network and Data Center Management to Verizon

OMX, owner and operator of the Nordic Exchange has signed a seven-year agreement to outsource its global customer network operations and data center management to Verizon Business.

Under the agreement Verizon Business will take responsibility for aspects of external networks and data centers. OMX will continue to be the prime contractor and offer a wide range of IT services to exchanges, clearing organizations and central securities depositories worldwide. The overriding goal of the agreement is to further enhance OMX’s global customer service delivery and support future growth.

OMX said its decision to outsource its network and data center operations will enable it to focus on its core competencies by working with a single global provider. The company’s communications network and data center facilities serve both OMX’s own operations and those of its global customers.

“Our external network operations are crucial to our business, and we needed to ensure we developed a relationship with a supplier truly able to support our global needs today and in the future. We chose to work with Verizon Business thanks to the company’s excellent track record in managed services, acknowledged experience of the financial services sector, solutions expertise and a global network reach. This partnership is ultimately designed to benefit our customers. We look forward to realising the benefits of Verizon Business’ support as we continue to expand the reach of our IT services worldwide,” comments Markus Gerdien, president, market technology for OMX.

OMX , which has operations in the US and UK and in the region including Australia, China and Singapore employs some 1,500 people and is also involved in supplying exchange technologies to more than 60 exchanges, clearing organizations and central securities depositories in 50 countries worldwide.