Seaborn and Spread Networks in Seabras-1 partnership
09 May 2017 | Jason McGee-Abe
Seaborn Networks and Spread Networks have signed a partnership which will see the latter become the exclusive channel partner for sales to the financial vertical on Seabras-1, Brazil’s first dedicated ultra-low latency subsea route, between New Jersey and São Paulo.
This includes sales of SeaSpeed, Seaborn's proprietary ultra-low latency (ULL) solution providing the lowest latency path between Carteret, New Jersey, and the BM&F Bovespa Stock Exchange in São Paulo, Brazil.
"We are very pleased to be a part of Seaborn's commitment to ULL solutions of the highest quality," said Dan Spivey, founder and CEO of privately-owned Spread Networks. "As the lowest latency fibre provider from Chicago to New York, we are uniquely positioned to offer financial customers a seamless channel to the lowest latency, market-to-market wave services between the financial centres of the US and Brazil."
Seabras-1 is the only direct point to point submarine cable system between metro New York and metro São Paulo. Seaborn is the developer-owner-operator of Seabras-1, which is a system that was in development for more than five years, with a total project cost of more than $520 million.
Larry Schwartz, chairman and CEO of Seaborn, added: "“Given our historical relationships with Spread Networks and their leadership role in the ULL sector, we welcome them as our partner on the most technologically advanced submarine cable between the US and Brazil. Our proprietary SeaSpeed product is the first Carteret-Bovespa ULL solution with an intentional subsea design for the financial industry."
Circuits will be activated on Seabras-1, which is ready for service in June 2017, for the financial industry in July 2017.
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