Press Release
CABLE
& WIRELESS RECEIVES TOP HONORS FOR ENTERPRISE HOSTING MARKET
LEADERSHIP
San Jose,
Calif. – May 1, 2002 – Frost & Sullivan today
announced Cable & Wireless (NYSE: CWP) is the recipient of its
prestigious 2002 Market Engineering Leadership award.
In a new Frost
& Sullivan market analysis, entitled “U.S. Web Hosting
Report” (A133-79), Cable & Wireless was identified as the
number one market leader, accounting for 26 percent of the total
revenues in the large-enterprise hosting sector.
Through its
astute acquisition strategy, Cable & Wireless has been able
to capitalize on affordable hosting and managed service assets,
combining the strengths of Digital Island and Exodus Communications
into a new business branded Exodus, a Cable & Wireless Service,
in North America and Cable & Wireless in the rest of the world.
Backed by the global reach and financial strength of Cable &
Wireless, along with a full spectrum of Internet services with a
Tier 1 network, the new company has already emerged as a powerful
market leader.
Frost &
Sullivan further predicts that Cable & Wireless will effectively
manage the integration process and notes that the company is already
on track with the completion of its initial integration milestones.
Since the beginning of April, when the integration process officially
began for the Exodus service, the senior management team and its
members’ respective roles have been identified; a thorough
product rationalization process has been implemented; and the annual
operating plan and metrics for fiscal year 2003 have been defined.
“Cable
& Wireless’ strategic acquisitions over the past year have
provided the company with a top notch hosting infrastructure without
the enormous debt load associated with the infrastructure buildouts
of the 1990’s,” said Frost & Sullivan industry analyst,
Jarad Carleton. “That situation bodes well for the future profit
potential of Exodus.”
“We’re
very pleased to be recognized by Frost & Sullivan for our collective
strength as a market leader in Internet hosting services. We are
able to offer customers greater stability and global reach, an enhanced
quality of service and a broader spectrum of Internet services,”
stated Bill Austin, CEO of Exodus, a Cable & Wireless Service.
For a complete
copy of the “U.S. Web Hosting” analysis, please visit
www.frost.com.
About Frost
& Sullivan
Frost & Sullivan, a global leader in international strategic
market consulting and training, presents Market Engineering Awards
to companies that demonstrate the diligence, perseverance and dedication
required to develop a successful business plan and excel in the
increasingly competitive global marketplace. Frost & Sullivan
rigorously analyzes specific criteria to determine Market Engineering
Award recipients in a variety of regional and global market landscapes.
Founded in 1961, Frost & Sullivan is headquartered in San Jose,
Calif., with offices located worldwide. For further information,
visit www.frost.com.
About Cable
& Wireless
Cable & Wireless is a major global telecommunications business
with revenue of over £5.9 billion (US$8.6 billion) in the
year to 31 March 2002 and customers in 70 countries. The company
consists of two core and complementary divisions: Cable & Wireless
Regional and Cable & Wireless Global. Cable & Wireless Regional
offers a full range of telecommunications services in 33 countries
around the world. Cable & Wireless Global's focus for future
growth is on IP (Internet protocol) and data services and solutions
for business customers. It has developed advanced IP networks and
value-added services in the US, Europe and the Asia-Pacific region
in support of this strategy. With its financial strength and the
capability of its global IP infrastructure, Cable & Wireless
holds a unique position in terms of global coverage and services
to business customers. For more information about Cable & Wireless,
go to http://www.cw.com.
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