RealTime IT News

Quote.com, Exodus Form Financial Network

Networking company Exodus Communications Inc. Monday paired with financial Web site Quote.com to offer financial institutions and investors real-time financial news and information.

Under terms of the agreement, Exodus and Quote.com will jointly design a distributed system of Web servers and routers that will be deployed throughout Exodus' network of Internet data centers. The network's foundation will be Quote.com's Continuum, a system of routers and applications that delivers news and market information to Quote.com users.

With the partnership, the companies aim to double current bandwidth and increase the number of pathways through which users can access Quote.com's information, said Robert Honeycutt, Quote.com's president and chief executive officer.

"Our customers stake their reputations and base their investment decisions on the data we provide so it is absolutely essential that the information be delivered as quickly and reliably as possible," he said.

"We will rely heavily on our relationship with Exodus as we continue to upgrade our offerings and ensure the highest level of customer satisfaction."

"Financial data is the epitome of mission-critical, time sensitive information," added Ellen M. Hancock, president and CEO of Exodus. "Exodus enables companies to cost-effectively deploy and distribute over the Internet mission-critical information that was once trusted only to proprietary networks."