January 17, 2002 — (WEB HOST INDUSTRY REVIEW) — Digital Island (digitalisland.com), a Cable & Wirelesscompany, announced yesterday that Cognotec (cognotec.com), an e-commercetrading solutions provider, is using 2Way Web Services to facilitate itsglobal Internet transaction platform. The company says it has experienced amore than 500% growth in online trading volumes within the last year.
Cognotec provides services enabling financial institutions to brand andoperate their own foreign exchange and money market trading services overthe Internet. Serving 60 global and regional customers in Europe, Asia andNorth America, Cognotec is using Digital Island’s 2Transact services toensure transactions are completed over a secure global infrastructure. Partof the 2Way Web Services suite, Digital Island’s 2Transact services giveCognotec access to a secure Global Internet Protocol backbone connected to327 Internet Service Provider networks.
“Our range of services provides a vital trade execution service for a numberof the world’s leading financial institutions. Downtime is totallyunacceptable. We need a comprehensive solution with the built in fail overof working with multiple ISPs,” explains Maurice Curran, head of systemsarchitecture, Cognotec. “Working with Digital Island we can provide aseamless, global service and have been able to re-deploy a number of our ITworkforce from managing network services to providing more value-addedservice and support for our customers.”
