SAKONNET TECHNOLOGY SELECTS AT&T FOR NEW NETWORK SERVICES
AT&T WILL SERVE AS PRIMARY NETWORK AND DATA SERVICES PROVIDER
NEW YORK, June 13, 2007 ó AT&T Inc. (NYSE: T) today announced a new contract to provide network services to Sakonnet Technology, LLC (www.sknt.com), a market leader in Software as a Service (SaaS) for energy trading and risk management.
Under the terms of the three-year contract, AT&T will now serve as Sakonnetís primary network and data services provider, using AT&Tís Internet Protocol (IP)-enabled Virtual Private Network (VPN) services to connect AT&T Internet data center sites hosting Sakonnetís Xenonģ application and Sakonnetís Application Service Provider (ASP) clients in Europe and the U.S.
The fully managed IP-enabled VPN service provided by AT&T meets Sakonnetís demand for expanded bandwidth and fast, secure data flows. Sakonnet will use AT&Tís VPN service to enhance performance of its Xenon trading and risk application, by accelerating price and trade data flows between client remote workstations and Xenon server sets in AT&Tís Internet data center. The network will also be used to continuously transmit client trade data to servers at a second AT&T Internet data center, as part of Sakonnetís disaster-recovery (DR) service.
The VPN solution leverages AT&Tís Multiprotocol Label Switching (MPLS)-enabled network, providing a secure, fully private and meshed network while delivering robust Quality of Service (QoS) capabilities that allow Sakonnet to prioritize the transfer of its most critical data. AT&Tís MPLS network also provides the highest levels of reliability and redundancy and can be scaled to incorporate future growth of Sakonnetís client base.
This announcement marks the fulfillment of Nuon's main project objectives. All users involved in trading are now more efficient from sharing a single, highly intuitive application and this is expected to continue as Nuon expands to more markets and activities.
ďAs our ASP clients include some of the highest-volume traders in European power markets, we need a first-rate platform for data flow,Ē said Eric Min, Sakonnetís chief operating officer. ďThe network solution provided by AT&T is an example of Sakonnetís commitment to harnessing the latest technological innovations that improve our application performance and client service.Ē
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About Sakonnet Technology
Sakonnet Technology is the market leader in Software as a Service (SaaS) for energy trading and risk management. Sakonnet's expert international teams provide an unrivalled level of hosting, support, upgrade and consulting services linked to its advanced Xenon® platform. These services along with Xenon's streamlined interfaces and workflow, transform the end-user experience, resulting in higher productivity, stronger risk control and a trading edge. Sakonnet addresses the needs of energy companies, banks and hedge funds trading in power, natural gas, crude oil and related markets and has offices in New York and London.
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