OMX outsources data centre management to Verizon Business
ConvergenceAsia staff
28/09/2007

OMX, which owns and operates the Nordic Exchange, has signed a seven-year agreement to outsource its global customer network operations and data centre management to Verizon Business, a provider of advanced communications and IT solutions.

OMX supplies exchange technologies to more than 60 exchanges, clearing organisations and central securities depositories in 50 countries worldwide. The company employs over 1,500 people within its operations in Australia, Canada, China, Denmark, Estonia, Finland, Hong Kong, Iceland, Italy, Latvia, Lithuania, Norway, Singapore, Sweden, United Arab Emirates, the United Kingdom and the United States.

OMX’s decision to outsource its network and data centre operations will enable the company to focus on its core competencies by working with a single global provider. The company’s communications network and data centre facilities serve both OMX’s own operations and those of its global customers.

Under the agreement Verizon Business will take responsibility for aspects of external networks and data centres. OMX will continue to be the prime contractor and offer a wide range of IT services to exchanges, clearing organisations and central securities depositories worldwide. The overriding goal of the agreement is to further enhance OMX’s global customer service delivery and support future growth.

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