back Back

Colt announces access to Oracle cloud services in Sweden via FastConnect

By Joy Dumasia

December 17, 2021

  • Cloud Migration
  • Cloud Services
  • Colt
Share

Colt Technology Services, Colt PrizmNet, USA, Latin AmericaColt Technology Services, a leading provider of agile, high bandwidth connectivity solutions and a member of Oracle PartnerNetwork (OPN), announced it is expanding the Colt IQ Network footprint and offering connectivity services to the Oracle Cloud Stockholm Region via Oracle Cloud Infrastructure (OCI) FastConnect. Oracle customers can harness the power of Oracle Cloud locally, including Oracle Autonomous Database, to unlock innovation and drive business growth.

This expansion allows customers to take advantage of on-demand, high-speed, secure connectivity from their sites to the Oracle Cloud. With Colt’s two Metropolitan Area Networks (MANs) in Copenhagen and Stockholm, over 670 connected business sites and 45 connected data centres in the region, enterprises will be able to take control of their cloud migrations in the area. With OCI FastConnect, Colt’s offering ensures an easy, flexible, and economical way for enterprises in Sweden’s industrial and financial heart to connect to Oracle Cloud.

Colt’s relationship with Oracle began three years ago and allowed enterprises to take advantage of the 100Gbps optimised Colt IQ Network and On-Demand capabilities to connect to Oracle Cloud, supporting an optimal, end-to-end cloud migration and adoption experience with OCI FastConnect.

Jaya Deshmukh, Colt‘s Executive Vice President (EVP) of Strategy and Transformation, said: “I’m thrilled to be expanding our relationship with Oracle with this extension into Stockholm, one of Europe’s key growth cities. We can be a significant player in increasing competitiveness, boosting productivity and meeting the future demands of enterprises. Customers in Sweden and the Nordic region will have access to the extensive Colt IQ Network, which delivers connectivity to over 900 key data centres and more than 29,000 buildings worldwide, as well as the long-distance network connecting Europe to key hubs in Asia, enabling the digital transformation of businesses looking to support their high bandwidth needs. By pairing the high bandwidth, secure and intelligent Colt IQ Network with an enterprise cloud platform built on a heritage of reliability and security, Colt and Oracle deliver a market-leading end-to-end cloud experience.”

Previous Article

December 17, 2021

EML supports AptPay for launching its first digital payments gaming client in Canada

Read More
Next Article

December 17, 2021

Envestnet | Yodlee significantly increases global open banking data connections

Read More






IBSi Daily News Analysis

June 21, 2024

Cloud Migration

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 21, 2024

Loop & J.P. Morgan Payments to boost working capital with freight payments

Read More

June 20, 2024

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023