Sidera Networks and Exponential-e form strategic alliance to reach key financial centres

Sidera Networks and Exponential-e have formed a strategic alliance in order to use each other's networks to reach major financial centres.

Through the partnership, said the two players, fibre-optic network provider Sidera will expand its footprint to financial centres in the UK. Ethernet service provider Exponential-e for its part will gain expanded connectivity in the US market with direct low-latency connections to New York and Chicago.

Mukesh Bavisi, MD of Exponential-e said: “We have been looking for direct access to key US financial centres for some time now to address growing UK customer demand for connectivity to leading metro areas such as Chicago and New York.”

Sidera cites London, New York and Chicago as being among the top financial centres in the world and the main base for many major banks and financial institutions. The company said that in order to meet the demand of global connectivity, strategic alliances are increasingly required to give customers direct access to a range of hubs.

Dana Cooperson, network infrastructure practice leader at Ovum, believes there is an increasing need for high quality connectivity between financial centres worldwide, and network operators are extending networks and growing to capture the opportunity in financial trading. “Partnerships of the Sidera/Exponential-e type happen in order to marry unique assets and provide a better end-to-end solution for customers,” she said.

Mike Sicoli, CEO of Sidera Networks added: “This announcement marks a significant milestone in extending our leadership in serving financial services clients.”