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Media ContactHannah Fox |
2 September 2010 - New ultra low latency network route, delivering one of the shortest paths from London to Frankfurt. Optimised fibre route avoiding unnecessary Carrier points of presence and delivering direct exchange-to exchange connectivity with a reduced latency to below 9 milliseconds round trip.
London, UNITED KINGDOM - 2 September 2010 - euNetworks Group Limited (SGX: H23.SI), announced it has launched a new ultra low latency route from London to Frankfurt. The company has one of the shortest routes in the market today that is uniquely optimised for connectivity into Multilateral Trading Facilities (MTFs) and key data centres. This new route further demonstrates the in-house capability that euNetworks has developed, building ultra low latency connectivity networks to support the bandwidth needs of its growing financial client base. This also marks the completion of the second phase in the development of euNetworks' network dedicated to the financial services community.
The new London to Frankfurt route coupled with the new Slough to London route, delivers a unique solution for the trading market, avoiding unnecessary Carrier points of presence and delivering industry leading latencies for direct exchange-to-exchange connectivity.
(for the full story please download the PDF below)
1 September 2010 - Completes first phase of a network development programme, with metro route optimisation and pre-installed capacity available. New ultra low latency network route from key data centres in Slough, West of London, to financial exchanges and key data centres in the City of London. Reduced latency to below 500 microseconds round trip between Slough and the City of London.
London, UNITED KINGDOM - 1 September 2010 - euNetworks Group Limited (SGX: H23.SI), announced it has launched the first phase of an overlay network, dedicated exclusively to the needs of the financial community. The network platform is supported by dedicated fibre and dedicated optronics, ensuring euNetworks' euTrade services provide the lowest possible latency. As a company who specialises in designing, engineering and building ultra low latency connectivity networks, deploying a network exclusively for the finance market is a natural step in continuing to support the bandwidth needs of the financial services community. Optimising fibre routes, avoiding unnecessary Carrier Points of Presence (PoPs) and deploying latest generation optical transmission equipment has enabled industry leading latencies for direct exchange-to-exchange connectivity, a key requirement for the trading market today.
As part of a network development programme underway, euNetworks has launched a new ultra low latency route running from Slough in West London to key financial exchanges and data centres in the City of London. euNetworks has reduced the latency on this critical route by over 20% and is now providing sub 500 microsecond round trip connections between Slough and sites in the City of London.
(for the full story please download the PDF below)
Second Quarter 2010
• Total revenue of €9.4 million
• Recurring Revenue of €8.8 million
• Gross profit of €7.5 million
• Adjusted EBITDA of €0
• 16 new customers gained in the quarter
First Half 2010
• €17.4 million total revenue for 1H 2010, up 21% from 1H 2009
• Gross profit increased by 20% to €13.9 million for 1H 2010
• Adjusted EBITDA loss of €1.7 million
• 29 new customers
London, UNITED KINGDOM - 13 August 2010 - euNetworks Group Limited (SGX: H23.SI), announced quarterly growth in total revenue of 29% against 2Q 2009, achieving €9.4 million revenue. The Group achieved €8.8 million in recurring revenue in 2Q 2010, with €0.6 million in one offs, and grew total revenue by 16% against 1Q 2010. Gross margin was 80% in the quarter, flat from 1Q 2010 and similar to 2009. Gross profit increased by 27% from 2Q 2009 to €7.5 million, and adjusted EBITDA broke even against a loss of €0.8 million. Net loss for the period was €14.4 million after an exceptional charge of €2.6 million related to the redemption of the balance of the 2012 bond.
For 1H 2010, total revenue was €17.4 million, growing 21% from 1H 2009. Gross profit increased by 20% to €13.9 million, with gross margin of 80%. Adjusted EBITDA loss increased to €1.7 million against €0.6 million. Net loss for the first half 2010 was €22.8 million after exceptional charges of €2.6 million related to the redemption of the balance of the 2012 bond in 2Q 2010.
(for the full story please download the PDF below)
euNetworks continues to deliver high capacity low latency connectivity to the finance sector
London, UNITED KINGDOM – 20 July 2010 - euNetworks Group Limited (SGX: H23.SI), announced it has been named a supplier of connectivity to NYSE Euronext’s SFTI® Access Centres, enabling firms to connect to the SFTI® Optic service to access their racks within the new NYSE Euronext European Liquidity Centre. euNetworks provides networking services that form part of the NYSE Euronext European backbone. As a supplier of connectivity to key access centres, euNetworks now supports the networking requirements of NYSE Euronext clients.
NYSE Technologies’ Secure Financial Transactions Infrastructure® (SFTI®) network provides a single point of connectivity with lowest-latency access to multiple markets. It is designed to be the industry’s most secure and resilient network, specifically built for electronic trading and market data traffic. SFTI® Optic is the new wavelength service, launched for the first time to offer lowest latency access specifically for colocation customers within the new NYSE Euronext European Liquidity Centre.
(for the full story please download the PDF below)
John Franklin joins euNetworks as Chief Operating Officer
London, UNITED KINGDOM – 14 June 2010 - euNetworks Group Limited (SGX: H23.SI), announced the appointment of John Franklin to the management team, taking up the role of Chief Operating Officer (COO) for the company. This appointment is effective 14 June 2010, based at the London headquarters of the business.
John Franklin joins euNetworks as COO following a number of years working in the telecoms industry, both in Europe and internationally. Franklin’s career spans companies such as British Telecom, Level 3 Communications, Alcatel Telecommunications and GPT Telecommunications. Most recently he was Cluster Director for Leased Access globally at British Telecom. Franklin managed the development of Level 3’s Internet Protocol fibre- based network backbone in Europe before moving into roles that gave him product, engineering, operational and technology responsibility within the global business. His experience fits well with the demands he will face as COO of euNetworks
“The addition of John Franklin to euNetworks further strengthens what is already an impressive line up of industry experience in the team,” said Brady Rafuse, Chief Executive Officer of euNetworks. “This is a key position for the business as we move forward with plans in place. John brings us the skills we need operationally to drive forward with key projects that are crucial to a successful operating model. He will bring great value to the business.”
(for the full story please download the PDF below)
Total revenue of €8.0 million
Gross Margin of 80%
13 new customers gained in the quarter
Increased local focus combined with simplification of the product portfolio to deliver improved market positioning
London, UNITED KINGDOM – 13 May 2010 - euNetworks Group Limited (SGX: H23.SI), announced quarterly growth in total revenue of 14% against first quarter 2009, achieving €8.0 million revenue. Gross Margin was 80%, remaining constant compared to first quarter 2009. Revenue growth has been accompanied by a 14% increase in direct costs from first quarter 2009. Focus on growing long term recurring revenue continued in the quarter, with 13 new customer wins in the finance, wholesale and media segments, with an average contract length of 25 months.
At the beginning of 2010, the Company changed the way gross profit is presented. Gross profit is now determined as revenues less expenses directly related to revenues, or „Direct Network Expense‟. The management and directors of the Company believe that this presentation of gross profit is in line with standard telecoms industry practice and will provide a clearer picture of the profitability of current and future customer revenues.
“We have made good progress through the first quarter, delivering revenue growth, gaining more long term recurring revenue contracts and establishing customer relationships which will deliver further revenue growth to the business in the future,” said Brady Rafuse, Chief Executive Officer of euNetworks. “Improving our position in the European market as a bandwidth infrastructure provider is crucial as we move through 2010. Following the simplification of our product portfolio in the quarter along with increasing our local focus to leverage market growth opportunities, I am confident we are moving forward with our plan. The completion of the Rights Issue on 6 April 2010 and a growing sales funnel provides a solid platform for the year.”
(for the full story please download the PDF below)
12 April 2010 - euNetworks Group Limited (SGX: H23.SI), today announced the appointment of two new Directors to their Board. These appointments are effective 12 April, 2010.
London, UNITED KINGDOM – 12 April 2010 - euNetworks Group Limited (SGX: H23.SI), today announced the appointment of two new Directors to their Board. These appointments are effective 12 April, 2010.
Daniel Aegerter is Chairman and Founder of Armada Investment Group which he established as his family office organisation following the successful merger of his B2B software company, TRADEX Technologies, with Ariba for $5.6 billion in March 2000. As Chairman and Chief Executive Officer of TRADEX, Aegerter was responsible for setting the strategic direction for the company. Since that time and in his position at Armada Investment Group, he has been actively involved in initiating private equity and venture capital transactions, and has invested across asset classes and regions. He founded his first business in 1988 and is involved in several social investment projects and is a member of the World Economic Forum. Aegerter is a long standing investor in euNetworks.
Kai-Uwe Ricke has worked in the telecommunications industry for nearly 20 years, and was Chief Executive Officer of Deutsche Telekom AG. Today he is Partner and Chairman of the Board for Delta Partners and is also active in private equity. He is an investor and a member of the advisory board of Kabel Baden-Württemberg and a member of the advisory board of Exigen Capital, a U.S. based private equity firm. Ricke holds seats as Independent Director on the managing boards of Italian Insurance company Generali SpA and the Dubai based Oger Telecom Ltd. He also serves as a member of the supervisory board of United Internet AG, Germany.
(for the full story please download the PDF below)
26 February 2010 - euNetworks Group Limited (SGX: H23.SI), announced quarterly growth in total revenue of 25% against fourth quarter 2008, achieving €8.5 million revenue.
London, UNITED KINGDOM – 26 February 2010 - euNetworks Group Limited (SGX: H23.SI), announced quarterly growth in total revenue of 25% against fourth quarter 2008, achieving €8.5 million revenue. This growth includes one-off revenue of €0.8 million relating to asset sales. Excluding one-offs, recurring revenue grew 13% against fourth quarter 2008. Gross margin was 48% in the quarter, up from 43% in 2008. During the quarter, 24 new customers were signed. The net loss from operations, and before exceptional items was €5.6 million, improving from €7 million in quarter four 2008.
(for the full story please download the PDF below)
9th February 2010 - Interxion and euNetworks announced a non-exclusive partnership to provide traders with turnkey pan-European colocation and low-latency access to key liquidity venues.
AMSTERDAM, 9th February 2010 - Interxion, a leading European operator of carrier-neutral data centres, and euNetworks, Europe’s foremost provider of mission-critical, high-performance data services, today announced a non-exclusive partnership to provide traders with turnkey pan-European colocation and low-latency access to key liquidity venues. Solution delivery will be supported through euNetworks’ presence in Interxion data centres in France, Germany, Ireland, the Netherlands and the United Kingdom and combines Interxion’s Financial Hub offering for capital markets participants with the euTrade, next-generation pan-European trading solution.
(for the full story please download the PDF below)
8th December 2009 - euNetworks announced that CONET Services AG selected euNetworks’ euConnect solution to offer ultra-low latency connectivity to customers between key sites.
Frankfurt, Germany – 8th December 2009 - euNetworks Group Limited (SGX: H23.SI), a provider of mission-critical, high-performance networking solutions in Europe, announced that CONET Services AG selected euNetworks’ euConnect solution to offer ultra-low latency connectivity to customers between key sites. This partnership will ensure CONET customers can benefit from the availability of high quality, ultra-low latency Ethernet connectivity between CONET and other key Exchanges, Trading Houses and Datacentres.
(for the full story please download the PDF below)
24 November 2009 - euNetworks announced the availability of their high performance Ethernet based solution, euTrade, to customers at NASDAQ OMX Europe (NEURO).
London, UNITED KINGDOM – 24 November 2009 - euNetworks Group Limited (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, has announced the availability of their high performance Ethernet based solution, euTrade, to customers at NASDAQ OMX Europe (NEURO). The addition of the euTrade solution, which offers ultra-low latency and high availability connectivity to Europe’s financial community, will provide NEURO customers with an additional choice of best-of-breed networks.
NEURO is a multilateral trading facility that enables best execution in high volume securities trading in a cross-border, multi-market environment. euTrade contributes towards demonstrating best execution due to its guaranteed ultra-high performance.
(for the full story please download the PDF below)
12 November 2009 - euNetworks Group Limited, reports a 26% rise in revenue for the nine months ended 30 September 2009.
London, United Kingdom - 12 November 2009 - euNetworks Group Limited, (SGX: H23.SI), a provider of mission-critical, high-performance networking solutions in Europe, reports a 26% rise in revenue for the nine months ended 30 September 2009 (“9M09”) to €21.7 million, from €17.2 million reported in the corresponding period a year ago (“9M08”). In line with the Group’s efforts at improving its operational efficiencies, gross margin also improved from 42% in 9M08, to 44% in 9M09.
(for the full story please download the PDF below)
14 August 2009 - euNetworks Group Limited has reported a 32% improvement in revenue to €14.3 million for the six months ended 30 June 2009 (“1H09”), compared to €10.8 million achieved in the same period a year ago (“1H08”). .
London, United Kingdom, 14 August 2009 - euNetworks Group Limited, (SGX: H23.SI), a foremost provider of mission-critical, high-performance networking solutions in Europe, has reported a 32% improvement in revenue to €14.3 million for the six months ended 30 June 2009 (“1H09”), compared to €10.8 million achieved in the same period a year ago (“1H08”). Driving this growth in revenue was the signing of 93 new recurring revenue contracts worth over €9 million, together with the addition of 24 new customer contracts, the bulk of these coming from the financial services and trading sectors.
(for the full story please download the PDF below)
14 August, 2009 – euNetworks announced they will provide the low latency connectivity infrastructure to power a new high-speed network and services platform for Chi-Tech’s MarketPrizm business.
London, United Kingdom – 14 August, 2009 – euNetworks (SGX: H23.SI), provider of Pan-European, mission-critical, high-performance networking solutions, today announced it will provide the low latency connectivity infrastructure to power a new high-speed network and services platform for Chi-Tech’s MarketPrizm business.
MarketPrizm is a European trading ecosystem designed to address the challenges companies in the financial markets face in deploying and maintaining a flexible, state-of-the-art architecture for all kinds of electronic trading.
(for the full story please download the PDF below)
August 4, 2009 - London, United Kingdom – euNetworks announced a number of executive appointments to further support the company’s growth and drive the next phase of euNetworks’ development.
London, United Kingdom – August 4, 2009 – euNetworks (SGX: H23.SI), provider of Pan-European, mission-critical, high-performance networking solutions, today announced a number of executive appointments to further support the company’s growth and drive the next phase of euNetworks’ development.
(for the full story please download the PDF below)
1June 18, 2009 - euNetworks Extends Ultra-low Latency Trading Platform to Four Equinix datacentres in Europe
London, UNITED KINGDOM – June 18, 2009 - euNetworks Group Limited (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, has announced the availability of their new euTrade service to customers in Equinix’s Amsterdam (AM1), Frankfurt (FR2), London (LD4) and Paris (PA2) International Business Exchange™ (IBX®) datacentres. Equinix, Inc. (Nasdaq: EQIX) is a provider of global datacentre services. The addition of the euTrade service, which offers specialist ultra-low latency, high availability connectivity to Europe’s financial community, will provide Equinix customers with an additional choice of best-of-breed networks.
(for the full story please download the PDF below)
2 June 2009 - euNetworks Group Limited, announced its connectivity to Turquoise, the independent pan-European equity trading platform. Connectivity is provided under the euTrade brand.
London, United Kingdom, 2nd June 2009 – euNetworks Group Limited, (SGX: H23.SI), one of Europe’s foremost providers of high-performance on-demand networking services, today announced its connectivity to Turquoise, the independent pan-European equity trading platform. Connectivity is provided under the euTrade brand.
euNetworks delivers on-demand connectivity between major stock exchanges, alternative trading systems / venues and clearing houses in 15 of Europe’s leading cities. Its high performance, all-optical fibre network is built to deliver ultra-low latency and guaranteed high availability – ideally suited to MTFs’ (multilateral trading facilities) mission critical trading applications. The euNetworks euTrade product is Ethernet based and fully transparent, eliminating issues with protocols or large frames being blocked, and its modern fibre avoids long, slow routes with service disruption.
(for the full story please download the PDF below)
Framingham, Mass.– 19 May 2009, NEF Inc., a leading dark fiber and lit service agency, has partnered with euNetworks, Europe’s foremost provider of mission-critical, high performance networking solutions, to create and design optimal communications networks for large corporations, carriers and service providers.
Framingham, Mass.– 19 May 2009, NEF Inc., a leading dark fiber and lit service agency, has partnered with euNetworks, Europe’s foremost provider of mission-critical, high performance networking solutions, to create and design optimal communications networks for large corporations, carriers and service providers. Through the relationship, NEF will be able to source euNetworks’ low latency optical connections between key interconnection and data center locations for US-based companies wanting to connect within Europe as well via trans-Atlantic connections from the continental US.
(for the full story please download the PDF below)
Q1 Results for euNetworks
Singapore, 14th May, 2009 – euNetworks Group Limited, (SGX:H23.SI) foremost provider of mission-critical, high-performance networking solutions, announced exceptionally strong growth in recurring revenues, improved EBIDTA and significant business events.
Noel Meaney, Executive Chairman, commented: “The first quarter of 2009, and since, has become a major watershed for euNetworks. We have achieved a number of significant milestones which transformed the Company to a robust, financially lean organisation with a solid shareholder base and new key management. Allied to this we have increased revenues by 42% in a somewhat difficult economic climate, and furthermore improved significantly our EBIDTA position to breakeven”.
(for the full story please download the PDF below)
Article in The Edge, Signapore
The following is an extract from an article that appeared in the The Edge, Singapore during the week of 4 May 2009.
Brady Rafuse blogs, Twitters and has a Facebook account. Among his most recent blog posts is a list of the 10 top-ranked CEOs of publicly traded technology companies. The list includes names like Reed Hastings of Netflix and Steve Jobs from Apple.
Those little tidbits about the 45-year old Rafuse may seem insignificant, but they provide a glimpse into the mindset of the man who has just been made CEO of fibre-networks company euNetworks, and suggest that he could be the right man for the job.
(for the full story please download the PDF below)
Amsterdam, The Netherlands, 14 April 2009 – an agreement between euNetworks (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, and Dutch Managed Hosting Provider BlueDome IAS BV (BlueDome), raised the bar again for datacentre connectivity.
Amsterdam, The Netherlands, 14 April 2009 – an agreement between euNetworks (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, and Dutch Managed Hosting Provider BlueDome IAS BV (BlueDome), raised the bar again for datacentre connectivity.
(for the full story please download the PDF below)
Dublin, Ireland, 8th April 2009 - Due to strong growth in its mobile broadband service Ireland’s fastest growing mobile operator, 3, has expanded its internet capacity in record time by engaging Europe's foremost provider of mission-critical, high performance networking solutions – euNetworks (SGX: H23.SI).
Dublin, Ireland, 8th April 2009 - Due to strong growth in its mobile broadband service Ireland’s fastest growing mobile operator, 3, has expanded its internet capacity in record time by engaging Europe's foremost provider of mission-critical, high performance networking solutions – euNetworks (SGX: H23.SI).
(for the full story please download the PDF below)
Singapore – 27 March 2009 – euNetworks, (SGX: H23.SI), one of Europe’s foremost providers of mission-critical, high-performance networking solutions, today announced a number of executive appointments to further accelerate the company’s growth and drive the next phase of euNetwork’s development.
Singapore – 27 March 2009 – euNetworks, (SGX: H23.SI), one of Europe’s foremost providers of mission-critical, high-performance networking solutions, today announced a number of executive appointments to further accelerate the company’s growth and drive the next phase of euNetwork’s development.
(for the full story please download the PDF below)
Frankfurt / Germany, 17 March 2009 – euNetworks (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, today announced a deal to provide RTL interactive GmbH (RTL interactive) with a high performance Ethernet solution connecting RTL interactive’s Frankfurt datacenter with a second site in Amsterdam.
SFrankfurt / Germany, 17 March 2009 – euNetworks (SGX: H23.SI),
Europe’s foremost provider of mission-critical, high-performance networking solutions, today announced a deal to provide RTL interactive GmbH (RTL interactive) with a high performance Ethernet solution connecting RTL interactive’s Frankfurt datacenter with a second site in Amsterdam. (...)
(for the full story please download the PDF below)
Frankfurt, 24 February 2009 – euNetworks (SGX: H23.SI), Europe’s foremost provider of high-performance networking solutions, today announced the launch of a new high-capacity Ethernet network throughout Germany.
Frankfurt, 24 February 2009 – euNetworks (SGX: H23.SI), Europe’s foremost provider of high-performance networking solutions, today announced the launch of a new high-capacity Ethernet network throughout Germany. The new network provides on-demand connectivity between Germany’s major datacenter sites, or directly to the customer’s door. The network platform connects the South of Germany with the North and was developed explicitly to meet the ever-increasing need for mission-critical networking solutions from enterprises, financial institutions, carriers and web2.0 providers. (...)
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Frankfurt, Germany – 20 January 2009 – euNetworks, (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, today announced that it has concluded an agreement with service provider globalnet GmbH, formerly known as useBiT GmbH
Extremely Reliable Solution For German Online Gaming Provider
Frankfurt, Germany – 20 January 2009 - euNetworks, (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, today announced that it has concluded an agreement with service provider globalnet GmbH, formerly known as useBiT GmbH. Under the terms of the agreement, euNetworks will deploy a secure gaming platform consisting of high-performance Ethernet connectivity and a next generation suite of massively scalable, high-capacity IP solutions. (...)
(for the full story please download the PDF below)
