CityReach Opens IP/IT Facility in Hungary

[London, ENGLAND] Pan-European business Internet service provider
CityReach International (CRI) announced Monday the opening of
an IP and IT exchange facility in Budapest, Hungary.

The new, 8,800 square meter center will provide services to
corporations in Central Eastern Europe. It represents a
US $30 million investment for CRI.

Dr. Sanjaya Addanki, CRI’s chief executive, said that the
success of his company’s facilities in the Netherlands and the
U.K. had validated its plans to “set the standard” for what
he called the “Business Internet.”

“In Budapest we will be offering our partners the same quick
and easy access to our facilities and managed services, with
no compromise on security or technical excellence,” said Addanki.

Headquartered in London, CRI is currently building a pan-European
managed infrastructure platform with 20 secure data centers
planned for the end of 2001 and 7 operational in 2000.

Backed by venture capitalists to the tune of US $350 million,
CRI claims to go far beyond the traditional carrier hotel,
co-location and application hosting providers in the services
it offers to businesses.

Addanki refers to the competition as offering little more than
“rack-based real estate,” bringing more and more undifferentiated
capacity to the marketplace.

A former IBM vice president, Addanki was once responsible for
Big Blue’s e-hosting services in Europe, Middle East, and Africa
— and it is clear that he has carried some corporate philosophy
from his previous job to his current one.

“CityReach, rooted in the mission-critical, zero tolerance,
corporate IT culture, will offer value through comprehensive
and guaranteed managed services from a highly secure and reliable
environment. We will deliver service levels that meet or exceed
those found in the customer’s internal environments,” said Addanki.

Addanki noted that the market in Hungary is developing at a speed
close to that of the EU economies. This, he said, was the reason
for opening in Budapest immediately after Amsterdam and London.

CRI’s Hungarian facility is being opened officially by Gábor
Demszky, the Mayor of Budapest, who said the city was ready to
become the center of e-business in Central Eastern Europe.

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