PARIS & LONDON -- Crosslake Fibre, developer of subsea and terrestrial fiber networks, chose BSO Networks (BSO), an Ethernet network, cloud and hosting provider, as its exclusive partner to deliver Crosslake's Velocity, a new ultra-low latency network service between Toronto and New Jersey for the financial services market.
Crosslake's Velocity low latency service leverages the shorter build across Lake Ontario to provide route diversity and deliver significant latency savings compared to legacy terrestrial networks that go around the lake between Toronto and New York. Connecting the commercial and financial centers of Canada and the United States, Velocity is the only Canada-US cable system to cross Lake Ontario. The new network uses the latest submarine and terrestrial technology to ensure it's fully optimized to deliver maximum performance and reliability. The system will begin operating in September 2019.
"Our new submarine and terrestrial fiber-optic cable system provides unparalleled performance to the financial services market. We have made this strategic decision to exclusively partner with BSO as we recognize their extensive experience and understanding of the business and the technical requirements of the global financial community," said Mike Cunningham, CEO of Crosslake Fibre. "We have known the BSO team for many years and as a trusted partner know that they will go to market with a clear message of the unique value Velocity can provide."
Added Michael Ourabah, founder and CEO of BSO: "We are very pleased to be partnering with the team at Crosslake to deliver this unique new route from Canada to the New Jersey triangle. We are looking forward to adding their new submarine and terrestrial fiber-optic system to our growing global network. BSO is now able to offer the lowest latency fiber path, as well as alternative, geographically diverse protected routes in an already successful market for us."
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