Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IXEurope, Citibank Extend Partnership

LONDON -- IXEurope, one of Europes 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.