Aug, 2001 : Q9 Secures $1.7 Million Hosting Contract for CanDeal

📅 August 15, 2001 - Q9 Networks Inc. (q9.com -> equinix.com), a leading Canadian provider ofmanaged Internet infrastructure services, today announced that it hassecured a contract to provide CanDeal (candeal.ca), recently formed by thesix leading Canadian banks and Basis100 (basis100.com), with a suite ofmanaged hosting services. The contract's initial annual value isapproximately $1.7 million CDN.

CanDeal services streamline and automate bond and money market trading inCanada by providing institutions with a real-time consolidated price feedthat displays the best bid and offer, price and yield, from allparticipating dealers for each security. Clients will be able tosimultaneously request trades with multiple dealers. The service, powered byBasis100's proprietary BasisXchange technology, provides significantbenefits in terms of cost savings, timely trade execution and reducedadministration.
CanDeal's founding shareholders are BMO Nesbitt Burns, Basis100 Inc., CIBCWorld Markets Inc., MoneyLine Network Inc., National Bank Financial Inc.,RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
"Any industry class solution, such as the CanDeal service, is only as goodas the sum of its parts. By combining Basis100's robust technology with Q9'snon-stop, highly available secure network and facilities infrastructure, wefeel we've achieved a best in class industry offering," said StephenSchrump, CTO, Basis100. "The CanDeal offering, a faster and more effectivemeans of trading, can only be achieved if the infrastructure is up andrunning. This is precisely why we partnered with Q9."
Q9 delivers redundant Internet connectivity services through a sophisticatedinternal network of high-speed equipment and data links, connected directlyto multiple Internet backbones. If one backbone experiences an outage ordelay, Q9 routes traffic around the problem to ensure that Internet usershave uninterrupted access to websites colocated in its facilities.Additionally, Q9 continuously upgrades its network to accommodateanticipated traffic growth.
"This contract significantly extends Q9's position as the premier providerof outsourced Internet infrastructure services to Canada's top financialinstitutions," says Osama Arafat, CEO, Q9 Networks. "CanDeal exemplifies thetype of enterprise organization that has come to rely on Q9 to provideguaranteed network availability and sophisticated managed services formission-critical Web applications."
Q9 data centres are engineered for 100 percent uptime, with redundant powerfeeds, HVAC, and advanced fire detection and suppression systems. Multiplelayers of security, including video surveillance, security officers andbiometric authentication systems, protect the facility itself. All systemsare monitored from the Q9 Network Operations Centre 24 hours a day, sevendays a week.