Band-X Ltd, the bandwidth exchange, today announced the opening of its Irish office in Dublin. Mary O’Rourke, the Irish Minister for Public Enterprise, welcomed the company’s arrival, saying it will boost choice in Ireland’s vibrant e-commerce market.
Jan Bosch, former Eircom executive and director of the Irish Internet Association, has been appointed chief executive officer of Band-X Ireland. He will be responsible for developing Band-X’s portfolio of network, co-location, switched minutes and routed IP services in the Irish market.
At Eircom, Bosch managed the company’s flagship corporate ATM and the national ISP access network offerings. He also worked on the expansion of Eircom’s international internet backbone. Previously, he developed pan-European managed internet services and satellite newsfeed services for AT&T-Unisource Communications Services.
Ireland is well suited to Band-X’s services with its rapidly deregulating market and its position as a gateway to Europe attracting the interest of international companies. Ireland also has a thriving start-up community demanding more capacity and increasingly sophisticated services.
“This is excellent news for Ireland and further endorsement of its vibrant e-commerce community. The Band-X marketplace should help continue the downward pressure on bandwidth prices in Ireland and indeed internationally out of the country. It will add to the growing choice in the Irish market and provide a dynamic bandwidth trade vehicle,” said O’Rourke.
“We look forward to helping Irish carriers reap the benefit of deregulation world-wide as Ireland establishes itself as a major European e-commerce hub,” said Bosch.
“The thriving Irish Internet and e-commerce community is an ideal home for Band-X’s trading floors,” said Marcus de Ferranti, founder and chairman of Band-X. “Jan’s experience in driving internet development in both Europe and Ireland will prove invaluable in bringing additional services to this market.”
Band-X is drawing on $40 million of second round funding to finance its ambitious global expansion. Goldman Sachs, Morgan Stanley Dean Witter Private Equity and existing investor Madison Dearborn Partners have all provided finance for the company.
Band-X launched the first independent virtual market for international wholesale telecom capacity in 1997, becoming the world’s first telecom-specific B2B exchange. It has an international membership of over 10,000 and many of the world’s largest telecommunications carriers use its services. Band-X’s routed exchange has also recently been awarded Cisco Powered Network status.
Today, its web-based exchange provides a secure, anonymous trading floor for:
• specialist co-location and telehousing
• switched international voice traffic
• routed IP capacity