Catch the latest industry news from the Customer Business Exchange (CBX) event! CBX is being hosted by Telx today in NYC at the Marriott Marquis. As an invitation only networking event, the CBX is designed to help grow and drive new business with hundreds of companies participating.

Over 15 companies also participated in special news announcements this morning including:
Lexent Metro Connect, Logicworks, FiberLight, Rainbow Broadband, Tinet, Hosting.com, Global Telecom & Technology, Optimum Lightpath, EKU Solutions, EDPNET, IDC Global, GCS, and Rubicon Professional Services.

With the CBX Press Room moderated by Jaymie Scotto & Associates and sponsored by Marketwire, on-site media included:  GlobalVision, Data Center Knowledge, TMCNet, Dow Jones, NewTeeVee, Tier 1 Research, The 451 Group, The TABB Group, and NJ Biz. There were also Virtual Media participants including: Telecom Ramblings, Light Reading, Atlantic ACM, and A-Team Group.

Headlines from the day…….

Optimum Lightpath Connects To Key Telx Facilities To Meet Increasing Low Latency Demands Of Financial Services Sector - Extends Advanced, Ethernet-Based Communication Services To Telx’s Clifton, New Jersey Colocation and Interconnection Facility To Meet Need For Speed And Route Diversity In New York City and Northern New Jersey

TELX PLANS TO JOIN WITH NEUTRAL TANDEM TO EXPAND NEW ETHERNET EXCHANGE NETWORK SERVICES TO 21 KEY U.S. LOCATIONS -Carrier Neutral Interconnection Leaders Will Connect Key Ethernet Exchange Sites to Help Service Providers Extend Their Networks

TELX ETHERNET EXCHANGE ENABLES FASTER SPEED TO MARKET AND EXTENDS NETWORK REACH FOR SERVICE PROVIDERS -Telx Utilizes Its Industry-Leading Service Provider Ecosystem and Collaboration with Cisco to Deliver Ethernet Virtual Interconnections in Key U.S. Markets

GCS launches Dynamic On-Demand – A SaaS Version of its market leading Route & Rate Management Solution

RUBICON PROFESSIONAL SERVICES DELIVERS ENERGY MANAGEMENT SOLUTIONS FOR CRITICAL FACILITIES - Rubicon Enables Telx to Identify Demand Response Revenue While Reducing Costs Across all Phases of the Critical Facility Deployment

LEXENT METRO CONNECT PLANS EXPANSION OF ITS DARK FIBER NETWORK INTO TELX’S CLIFTON, NJ COLOCATION FACILITY – A BOON FOR FINANCIAL NETWORKS, ALSO COLOCATED IN CLIFTON, WHO REQUIRE LOWEST LATENCY CONNECTIONS FOR HIGH CAPACITY TRADING IN AND AROUND CITY

RAINBOW BROADBAND AND BUSINESS ONLY BROADBAND FORM PARTNERSHIP -Strategic Partnership Will Greatly Enhance Companies’ Wireless Broadband Network Offerings to Enterprise and Government Customers in NYC and Chicago Markets

EKU Solutions, LLC Selects Global Telecom & Technology to Expand Its U.S. Network

EDPnet – Building bridges between the USA, Europe and Russia

Pacific Controls Energy Services Command Control Centre Serves Clients Globally - enabling the monitoring and management of their assets, carrying out continuous Commissioning, Measurement & Verification of their Carbon Footprint and converting them into Carbon Financial Instruments, in real time.

Hosting.com Selects Tinet’s VPLS Solutions to Provide Disaster Recovery and Redundancy for its Cloud Computing Solutions

IDC Global Announces MPLS + Dedicated DSL Broadband Network Service -MPLS + DSL = Low Cost Private Network with QoS

Logicworks Launches “The Compliant Cloud” - The First Cloud-Computing Service Capable of Enterprise-Level Security and Compliance

HIBERNIA MEDIA CONNECTS THE BROADCASTER WITH NEWS AND PROGRAMME SOURCES GLOBALLY, OFFERING DIVERSE, HIGH BANDWIDTH CONNECTIVITY

SUMMIT, NJ & DUBLIN, IRELAND- May 24, 2010- Hibernia Media, formerly known as MediaXstream Inc., and a subsidiary of Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, today announces RTÉ, an Irish public service broadcaster, has selected Hibernia Media for high performance, fibre network capacity for international contribution links for its television news services and programmes.

Hibernia Media’s diverse network footprint provides reliability and high capacity to RTÉ’s news coverage and programme making.

As Ireland’s public service broadcaster operating two television channels and four radio channels, publisher of a best-selling magazine and provider of up-to-date news, current affairs, sports and entertainment information via its media website, it’s essential for RTÉ to have high performance network capacity to source programme material for its varied media and news outlets.

The Hibernia Media network provides RTÉ with secure connectivity from major media hubs throughout Europe and the United States via its northern transAtlantic low latency route; this routing is vital to the delivery of high quality video and streaming feeds. By leveraging Hibernia Atlantic’s Ireland network, which connects Northern Ireland and the island of Ireland directly to Europe and North America, RTÉ is able to link its Dublin broadcasting center to the European Parliament in Brussels, as well as to the BT Tower in London, along with high capacity connections from global media and broadcasting entities such as the BBC. The added capacity also connects RTÉ’s Dublin facility securely across the Atlantic to Washington, D.C. where it connects to major United States’ news feeds.

“We are honored to be selected by RTÉ as their high bandwidth, international contribution network connectivity provider,” states Del Bothof, President of Hibernia Media. “Global media production and broadcast entities demand high performance, and our diverse network backbone offers RTÉ high availability routes to source media services from Europe and the United States. And notably, the contract with RTÉ with RTE also extends Hibernia Media’s footprint further into Europe, offering more global connections and network diversity.”

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About Hibernia Media:

Operating in 20 European and North American markets Hibernia Media represents the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network. With a full range of services including high capacity dark fiber connectivity, as well as transport of flawless digital and High Definition content in its native formats, Hibernia Media is positioned to offer high quality, secure services to TV and film production companies, sports, news, and mobile content, IPTV and other customers who generate and manage multi-media content. For more information, please visit http://www.hiberniaatlantic.com/cdn.html

About Hibernia Atlantic (the parent company of Hibernia Media):
Hibernia Atlantic is the only American-owned, diverse transAtlantic high bandwidth connectivity provider.  Hibernia is a subsidiary of Columbia Ventures Corporation (CVC).  It is a TransAtlantic submarine cable and terrestrial fiber network that offers over 100 redundant network Points of Presence (PoPs) throughout Canada, US, UK and mainland Europe on over 24,000 kilometers of network.  Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. In addition, Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. For more information on Hibernia Atlantic’s cutting-edge network or to view their corporate video, please visit www.hiberniaatlantic.com.

For Hibernia Atlantic business inquiries, please contact Melissa Butler at 908-988-1990 or melissa.butler@hiberniaatlantic.com.

To view Hibernia’s brief communication video please click here

For Hibernia Atlantic media inquiries, please contact:

Jaymie Scotto & Associates

+1.866.695.3629

pr@jaymiescotto.com

Introducing QT Globe:

No one would argue that the Internet has transformed the way people communicate. Since its inception in the ’70’s its impact and capabilities have touched our lives, our businesses and in essence made the world smaller.  Services such as Voice Over IP (VoIP) enabling voice communications, along with the explosion of music, video streaming, and multi-media applications across the Internet have set the stage for amazing possibilities going forward.  With the same spirit of innovation that started the Internet, coupled with technology leaders who constantly push the envelope – the possibilities are limitless.

Companies like QT Globe  are enabling technology innovation to further expand access, reach and services across the Internet. With its Internet access, VoIP, private networking and data transport services QT Globe transacts more than 800,000 minutes a day across its networks.  

From its wholesale division of Medcom, serving the needs of global carriers to its retail division, QT Talk , focused on consumer and business communications – QT Globe strives to deliver high quality end user experiences when using the Internet.  For more information and to find out how to utilize the very best in Internet innovation, please email us at: ir@qtglobe.com or visit us at: www.qtglobe.com .

With ITW 2010 just two weeks away, I’m sure you are scheduling meetings with the fierce veracity of the business you will be doing at this leading global event for the wholesale telecom industry.  The Marriott Wardman Park will be a flurry with men and women in suits doing deals.  But in order to do deals – you need to know the companies that you can do business with.  Here are six companies that you may want to consider meeting:

Allied Fiber -spearheading the US Nation’s first long-haul dark fiber network system in over 10 years, this company is building a next-generation dark fiber network that will circumvent the United States providing access to all types of communication companies including carriers, service provides, mobile operators, microwave operators and more.  Allied Fiber is changing the way that networks are built in the US.  It is ‘America’s All Access Network’ bridging the communications gap between the middle mile and local mile together with International submarine cable systems – coast-to-coast.  Simply search for ‘Allied Fiber’ in the DealCenter to request a meeting.

Arbinet- No longer just the voice exchange that was launched in the late ’90’s – in the past year+ the company has transformed itself into a leading service provider and partner enabling companies, large and small, to leverage its world class infrastructure to achieve greater ROI on global termination of international voice minutes.  Connecting customers now companies have the control they require, with the intelligence to support them – without the traditionally heavy operating expenses.  You will want to find out about their premium voice services, carrier services, private exchange, mobile routes and developing products that will help you get the most out of your minute margins.  Oh – and their Data Exchange and IP solutions are cool too.  Simply search for ‘Arbinet’ in the DealCenter to request a meeting.

Hibernia Atlantic- The company has transformed substantially in the past year.  It’s Project Kelvin – submarine cable system connecting Northern Ireland to North America and Europe is now live.  The company also acquired MediaXstream in December 2009 bringing them into the media space.  The company has re-branded this group to Hibernia Media.  With services ideal for the financial industry - Hibernia’s Global Financial Network, for the streaming media/content industry – Hibernia Media and its wholesale carrier services via its leading transatlantic network, this is a company you will want to get to know – again.  Simply search for ‘Hibernia’ in the DealCenter to request a meeting.

Lexent Metro Connect- want to provide custom services and solutions in the New York Metro market?  Then this is the company you need to know.  Lexent Metro Connect constructs and operates its own dark fiber network throughout the NY Metro market.  It has the ability to build and design custom solutions ensuring the lowest latency through the shortest path.  Simply search for ‘Lexent’ in the DealCenter to request a meeting.

PacketExchange - This company has been quietly building an enhanced value global IP and Ethernet network based on its vast peering relationships and solutions.  In February 2010 the company acquired Mzima Networks, a provider of layer-2 Ethernet solutions throughout the US with reach to Asia and Europe.  With PacketExchange’s roots in Europe, the combined company has the ability to provide end-to-end bandwidth solutions to meet any growing network demand.  Simply search for ‘PacketExchange’ in the DealCenter to request a meeting.

Tinet Tinet, formerly the carrier arm of Tiscali Group, is the only global carrier exclusively committed to the IP and Ethernet wholesale market. With network presence and customers in EMEA, Americas and APAC, Tinet provides global IP Transit and Ethernet connectivity to Carriers, Service and Content Providers worldwide, within 7 working days. The carrier guarantees customers proactive management of SLAs and protection from dDoS attacks.  Simply search for ‘Tinet’ in the DealCenter to request a meeting.-

Of course these are my recommendations – there are many others to meet with as well.  You can download a list of all companies and attendees through the DealCenter – this way you can plan your meetings more effectively and ensure you get deals done.   And if you’re not going to ITW (a. you will be missed, b. still time to plan) you can request a meeting with these companies directly by visiting their websites.  Hope to see you in DC – May 24-26, 2010!  

Need help?  Want more information about ITW or these companies?  email: support@deal-center.com

We’ve seen an explosion over the last few years of content hungry sites centered on newer technologies such as interactive video, gaming, Ethernet services, 3G/4G/WiMax, increased workforce mobility, streaming media, and cloud based applications. Broadband users are demanding quick and seamless access to the content, services and cool new applications. As the demand for content and services increases so does the need for innovative strategies in IP architecture.

Let’s face it – the Internet wasn’t originally designed to carry this type of traffic.

In order to drive the high performance necessary to support these services, Internet providers will have to change they way they address their peering and overall network architectures. A different architecture is needed to ensure reliability and speed as traffic shifts between content providers, Software as a Service providers, along with other media rich applications and broadband users at work or home.

PacketExchange’s innovative Donut Peering model ensures that Internet traffic is routed efficiently – minimizing packet loss and latency – delivering traffic quickly to the edge.  By building a “Donut” around the core of the Internet, PacketExchange connects directly to hundreds of providers around the world reaching over 100 countries.  This model ensures IP traffic takes the shortest and most-stable path every time – enhancing the user’s experience.

With PacketExchange the cool new content and applications that everyone wants to see are always available and load quickly and seamlessly.

To learn more about PacketExchange’s Donut Peering Model, Click Here or you can also contact: enquiries@packetexchange.net | U.S. Phone: +1 888 446 9462 | U.K. Phone: +44 20 7377 4130

In 2009 Hibernia Atlantic acquired international broadcast and media production service provider, MediaXSTREAM. Recently the company rebranded as Hibernia Media and is gearing up for significant opportunities in 2010. Specializing in flawless digital and high def content, Hibernia Media is fulfilling the high demand from TV, sports, news, film production and mobile carriers who create and manage media content. By combining high quality transport services with an existing robust services platform Hibernia Media has laid the foundation for increased technological innovation and enhanced service quality.

With an increased demand from the media and large Enterprise sector for multi-service network infrastructures including high definition digital transmission, its essential secure and diverse platforms are in place to allow for high performance, scalability and continued growth.

For more information on Hibernia Media click here.

For the complete press release see below:

MEDIAXSTREAM IS REBRANDED AS HIBERNIA MEDIA;

This Announcement Follows Hibernia Atlantic’s Acquisition of the Media Services Company

SUMMIT, NJ & DUBLIN, IRELAND- April 8, 2010- Hibernia Atlantic, the only diverse transAtlantic high bandwidth connectivity provider, today announces that its wholly owned subsidiary, MediaXstream, will now be branded as Hibernia Media. Hibernia Media is a leading provider of high quality transport and managed network services for the media production and broadcast industries. Hibernia Media is currently operational in 30 major markets in the U.S. and Europe, serving the increasingly growing demand for High Definition video networking and production services by TV and film production, sports, news, mobile content and IPTV. Hibernia Atlantic acquired the company in December 2009, further enhancing the combined entity’s network reach, performance and product offering, adding significant marketplace opportunities, technological innovation and customer value to media customers, financial houses and wholesale carrier providers.

“As more media companies shift to multi-service network infrastructures and the demand for high definition increases, having a network infrastructure capable of supporting these elements is vital,” states Bjarni Thorvardarson, CEO of Hibernia Atlantic. “Hibernia Media, together with Hibernia Atlantic’s existing secure and diverse network, is the perfect solution for media companies who require the highest levels of network performance and flexibility.”

Operating the largest, national, state-of-the-art optical switching and Dynamic Transport Mode (DTM) network, Hibernia Media specializes in transporting flawless digital and High Definition content in its native formats as demanded by TV and film production companies, mobile carriers and other customers who generate and manage media content.

“Hibernia Media bridges current industry operations with the demands of emerging new technologies, offering transport reliability that meets customers’ needs,” continues Delwin Bothof, President of Hibernia Media. “The network capabilities are ideal for global media and broadcast companies looking for global and local connectivity along with high performance and security.”

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About Hibernia Media

Hibernia Media, formerly known as MediaXstream, provides carrier-neutral, high quality transport and managed network services for the production and broadcast industries in over 30 North American and European markets. Operating the largest national Dynamic Transport Mode (DTM) network, Hibernia Media, a wholly owned subsidiary of Hibernia Atlantic, specializes in transporting flawless digital and High Definition content in its native formats as demanded by sports, TV and film production, news, mobile and IPTV.

For more information or sales, please visit www.hiberniamedia.com or email info@hiberniamedia.com.

For more information on Hibernia Atlantic, please visit www.hiberniaatlantic.com.

For media enquiries, please contact:

Jaymie Scotto & Associates

+1.866.695.3629

pr@jaymiescotto.com

Originally posted by Vanessa Eixman, Director Business Development for Jaymie Scotto & Associates on her blog ‘Up to the Minute Tech’

Bjarni Thorvardarson, CEO of Hibernia Atlantic

Recently Bjarni Thorvardarson, CEO of Hibernia Atlantic was interviewed by John Savageau offering his insights on global communications. By sharing his thoughts on where Hibernia Atlantic has been and where it is going you can get a glimpse at what drives this telecom visionary, as well as where technology is headed. With rapid company growth exceeding 80% in some recent years, Hibernia Atlantic is led by one of the industry greats.

By focusing on the big bandwidth sector, Hibernia Atlantic is poised for continued profitability and growth in years to come. As a capacity provider laser focused on the long-haul wholesale capacity market, a service provider offering ultra-low latency circuits to the financial sector, and now addressing the media sector with its recent acquisition of MediaXstream – Hibernia Atlantic is able to address the key communication areas needed in the globalization of business.

To read the interview in its entirety please go to: http://wireless.sys-con.com/node/1234792

For more ‘Up to the Minute Tech’ news go here: http://vanessaeixman.wordpress.com/

TelServ NJ, an independent telecommunications consulting firm announced it has procured high quality voice and data network services for Kay Burger Management, a franchisee of Burger King.  Kay Burger owns and operates 13 Burger King Restaurants and three Dunkin Donuts shops across New Jersey and the New York Metro Area.  The company wanted a cost effective, streamlined communications solution to include daily credit card transactions across its 16 locations.  TelServ delivered! 

For the complete announcement continue to read here:

KAY BURGER MANAGEMENT SELECTS TELSERV TO PROCURE HIGH QUALITY VOICE AND DATA NETWORK SERVICES

 MONTVALE, NJ – January 11, 2009 – TelServ NJ, LLC, an independent, telecommunications consulting firm offering tailor-made solutions for business communication needs, and Kay Burger Management, LLC,a franchisee of Burger King Corporation, announce today that Kay Burger Management selects TelServ to manage its voice and data connectivity throughout the tri-state area. 

Headquartered in North Bergen, New Jersey, Kay Burger Management, LLC, owns and operates thirteen Burger King Restaurants and three Dunkin Donuts shops across the New Jersey and New York metro area.  Leveraging TelServ’s industry expertise in working with a wide variety of carriers and telecom providers, Kay Burger Management   selects TelServ to deploy and support a cost effective, streamlined communications solution.   This solution includes a Tier 1 DSL connectivity to handle the company’s daily credit card transactions as well as a comprehensive voice communications plan across all of its sixteen store locations. 

“As we are committed to serving our customers the highest quality food and beverages at affordable prices, it is important that we maintain cost-effective back-office operations,” states Robert Johnsen, Senior Partner for Kay Burger.  “We need a telecom package that delivers high performance services in an economical way.”

TelServ has a solid reputation for offering firms competitive and cost effective pricing by leveraging volume discounts across its carrier relationships.  As a one-stop resource for business communications, TelServ provides a comprehensive offering including local, long distance, data and Internet services at wholesale prices.

“TelServ is our go-to resource for reliable connectivity solutions, which is an essential component for each of our 16 stores, providing us with critical bandwidth to securely process daily credit card transactions,” continues Mr. Johnsen. “TelServ’s responsiveness and ease of doing business has further simplified our overall management of our communications infrastructure.”

“Our ability to source a wide variety of voice and data services across multiple carriers simplifies the entire procurement process for our clients,” states Michael Gallucci, CEO and Founder of TelServ.  “We are pleased to deliver secure connectivity to further drive Kay Burger’s retail business on a daily basis.”

From competitive pricing to assistance with implementation processes and facilitating diversity and redundancy plans, TelServ simplifies the procurement process to meet critical client deadlines and to stay within communication budgets.

For more information about TelServ, please email info@telservgroup.com, call 201-391-4800 or visit www.telservgroup.com.

Hibernia Atlantic acquired MediaXstream at the end of 2009 – now it has received a $13.4 Million investment from Constellation Growth Capital:

CONSTELLATION GROWTH CAPITAL INVESTS IN HIBERNIA ATLANTIC INVESTMENT FUELS ADDITIONAL GROWTH FOR HIBERNIA ATLANTIC AND ITS SUBSIDIARIES

SUMMIT, NJ & DUBLIN, IRELAND- January 5, 2010-  Hibernia Atlantic, the transAtlantic high bandwidth connectivity provider, today announced that Constellation Growth Capital (Constellation), a growth equity investor in the convergence of media, communications and technology, invested $13.4 million in the company.  Columbia Ventures Corporation (CVC) owns the remaining shares of the company. 

The investment provides Hibernia with additional capital for growth opportunities, including allowing the company to increase its network Points of Presence (POPs) in North America and Europe. This investment follows Hibernia’s recent acquisition of MediaXstream, a leading provider of high quality transport and managed network services for the media production and broadcast industries.

Constellation is an investment fund founded by Clifford Friedman in 1998 that is now part of Highbridge Principal Strategies, a division of Highbridge Capital Management (HCM). HCM is a $21 billion global alternative asset management firm owned by JPMorgan Asset Management.  Under the terms of the transaction, Mr. Friedman will join Hibernia Atlantic’s Board of Directors.

“We are very pleased that Constellation has decided to make a strategic investment in Hibernia Atlantic,” said Ken Peterson, Chairman of Hibernia Atlantic and CEO of CVC. “Under Cliff’s leadership, Constellation has established a commitment to investing in the convergence of media, communications and technology, sharing common goals with CVC and Hibernia Atlantic. We look forward to working together with Cliff and his team to grow our business and further expand our network reach.”

“The combination of Hibernia with MediaXstream creates a growth company of scale to meet the global needs of both the media and financial services industries. It is one of the few companies which can truly meet the quality of service demands for these industries,” added Mr. Friedman. “Few legacy network providers have implemented network infrastructure that is constructed and architected with the latest production-hardened technologies, giving Hibernia a unique competitive position in the market.”

“Constellation’s investment and industry experience better positions Hibernia to expand our business and provide additional services and POPs for customer connectivity,” said Bjarni Thorvardarson, CEO of Hibernia Atlantic. “Hibernia has grown an average of 80% year-over-year for the past few years and we look forward to what this partnership brings to the next phase of our development.”

please visit www.hiberniaatlantic.com.

Just as 2009 closed, 2010 begins with a bang!   It was only a few weeks ago that Global Telecom & Technology closed its acquisition of WBS Connect and now it jumps into 2010 with a new acquisition target – this time it’s certain assets of Global Capacity, a Chicago-based company.  This deal provides GTT with an additional revenue stream of up to $25 million annually as they buy over 100 customers for up to $8 million in cash. 

This is a great way for a company to immediately increase its revenue, profitably, while staying true to its strategy of rapidly scaling its business.  What’s interesting about this acquisition is that many of the customers to be acquired are already existing customers of GTT.  No doubt this familiarity will help retain customers through the transition. 

Of course the deal is predicated on proper customer and supplier consent as well as approval by the Federal Communications Commission as GTT is publicly traded – OTCBB: GTLT.  With this news, just five calendar days into the New Year, I anticipate 2010 will be a truly exciting year for the Telecommunications sector.

 Please continue reading for the full press release:

GLOBAL TELECOM & TECHNOLOGY TO ACQUIRE ASSETS FROM GLOBAL CAPACITY 

Company Further Advances Strategy to Scale Business   

McLean, VA, January 5, 2010 — Global Telecom & Technology, Inc. (“GTT”) (OTCBB: GTLT), a leading global network integrator that provides its clients with a broad portfolio of wide-area network, IP transit and mobility services, today announces it has signed an agreement to acquire certain customers and assets from Chicago-based Global Capacity.

Under the terms of the agreement, GTT will pay up to $8 million in cash for contracts with over 100 data transport customers generating up to $25 million in annualized revenue.  GTT expects the transaction to close in the first quarter of 2010, subject to customer and other supplier consents and approval by the Federal Communications Commission.

Structured as a simple transfer of customer contract agreements, this asset acquisition complements GTT’s existing business as many of the affected customers are also existing customers of GTT.  GTT expects to rapidly integrate these customers into its proprietary operational platform through its Circuit Management Database (CMD), resulting in virtually no service interruptions, minimal incremental support costs, and high quality service assurance for customers.

“Following on the heels of the acquisition of WBS Connect, the addition of Global Capacity’s customer base advances GTT’s strategy to rapidly scale our global telecom business.  With this transaction, we will further leverage our unique intellectual capital and enhance our established reputation for providing reliable telecom services to our global customer base,” said Rick Calder, President and Chief Executive Officer of Global Telecom & Technology.

“This is another significant step forward in building cash flow through prudent M&A activity,” said Eric Swank, Chief Financial Officer of GTT.  “This acquisition provides a great opportunity to leverage our CMD platform, by essentially porting the new circuits into our business, expanding our adjusted EBITDA in the process by layering on contract revenue from a very similar customer base.  Due to these synergies, we expect the transaction to be immediately accretive.”

This is the second acquisition in less than 60 days for GTT.  The company closed its acquisition of WBS Connect on December 16, 2009.  The WBS Connect acquisition provides GTT the opportunity to expand its portfolio of IP transit and Ethernet services, and adds over 60 points of presence in major metro markets throughout North America, Asia and Europe.

About Global Telecom & Technology

GTT is a global network integrator providing a broad portfolio of Wide-Area Network (WAN), IP transit and  mobility services. With over 800 supplier relationships worldwide, GTT combines multiple networks and technologies such as traditional OC-x, MPLS and Ethernet, to deliver cost-effective solutions specifically designed for each client’s unique requirements. GTT enhances its client performance through its proprietary Content Management Database (CMD), providing customers with an integrated support system for all of its services.  GTT is committed to providing comprehensive solutions, project management and 24×7 global operations support. Headquartered in McLean, Virginia, GTT now has offices in Denver, London and Dusseldorf, and provides services to more than 700 enterprise, government, and carrier clients in over 80 countries worldwide. For more information visit the GTT website at www.gt-t.net.

Forward-Looking Statements:

This release may contain “forward-looking statements” or other information related to the company’s future growth, expenditures, personnel, product and service enhancements and deployments, strategy or other materials GTT releases to the public or files with the United States Securities & Exchange Commission (“SEC”). You should consult any further disclosures on related subjects in our annual reports on Form 10-K, our quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Such forward-looking statements are and will be subject to many risks, uncertainties and factors relating to our operations and the business environment that may cause our actual results to be materially different from any future results. Additional information concerning these and other important factors can be found under the heading “Risk Factors” in GTT’s annual reports on Form 10-K and quarterly reports on Form 10-K filed with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.

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