GLOBAL TELECOM & TECHNOLOGY TO ACQUIRE ASSETS FROM GLOBAL CAPACITY, INC.

Company Further Advances Strategy to Scale Business


McLean, VA, January 4, 2010 — Global Telecom & Technology, Inc. (“GTT”) (OTCBB: GTLT), a leading global network integrator that provides its clients with a broad portfolio of wide-area network, IP transit and mobility services, today announces it has signed an agreement to acquire certain customers and assets from Chicago-based Global Capacity, Inc.

Under the terms of the agreement, GTT will pay up to $8 million in cash for contracts with over 100 data transport customers generating up to $25 million in annualized revenue. GTT expects the transaction to close in the first quarter of 2010, subject to customer and other supplier consents and approval by the Federal Communications Commission.

Structured as a simple transfer of customer contract agreements, this asset acquisition complements GTT’s existing business as many of the affected customers are also existing customers of GTT. GTT expects to rapidly integrate these customers into its proprietary operational platform through its Circuit Management Database (CMD), resulting in virtually no service interruptions, minimal incremental support costs, and high quality service assurance for customers.

"Following on the heels of the acquisition of WBS Connect, the addition of Global Capacity’s customer base advances GTT’s strategy to rapidly scale our global telecom business. With this transaction, we will further leverage our unique intellectual capital and enhance our established reputation for providing reliable telecom services to our global customer base," said Rick Calder, President and Chief Executive Officer of Global Telecom & Technology.

“This is another significant step forward in building cash flow through prudent M&A activity,” said Eric Swank, Chief Financial Officer of GTT. “This acquisition provides a great opportunity to leverage our CMD platform, by essentially porting the new circuits into our business, expanding our adjusted EBITDA in the process by layering on contract revenue from a very similar customer base. Due to these synergies, we expect the transaction to be immediately accretive.”

This is the second acquisition in less than 60 days for GTT. The company closed its acquisition of WBS Connect on December 16, 2009. The WBS Connect acquisition provides GTT the opportunity to expand its portfolio of IP transit and Ethernet services, and adds over 60 points of presence in major metro markets throughout North America, Asia and Europe.



About Global Telecom & Technology
GTT is a global network integrator providing a broad portfolio of Wide-Area Network (WAN), IP transit and mobility services. With over 800 supplier relationships worldwide, GTT combines multiple networks and technologies such as traditional OC-x, MPLS and Ethernet, to deliver cost-effective solutions specifically designed for each client’s unique requirements. GTT enhances its client performance through its proprietary Content Management Database (CMD), providing customers with an integrated support system for all of its services. GTT is committed to providing comprehensive solutions, project management and 24x7 global operations support. Headquartered in McLean, Virginia, GTT now has offices in Denver, London and Dusseldorf, and provides services to more than 700 enterprise, government, and carrier clients in over 80 countries worldwide. For more information visit the GTT website at www.gt-t.net.

Forward-Looking Statements:
This release may contain “forward-looking statements” or other information related to the company’s future growth, expenditures, personnel, product and service enhancements and deployments, strategy or other materials GTT releases to the public or files with the United States Securities & Exchange Commission (“SEC”). You should consult any further disclosures on related subjects in our annual reports on Form 10-K, our quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Such forward-looking statements are and will be subject to many risks, uncertainties and factors relating to our operations and the business environment that may cause our actual results to be materially different from any future results. Additional information concerning these and other important factors can be found under the heading "Risk Factors" in GTT's annual reports on Form 10-K and quarterly reports on Form 10-K filed with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.

# # #

For GTT Media Inquiries, please contact:
Ilissa Miller
Jaymie Scotto & Associates
1.866.695.3629
pr@jaymiescotto.com

For GTT Investor Relations Inquiries, please contact:
Eric Swank
Chief Financial Officer
1.703.442.5529
Eric.Swank@gt-t.net











GTT

GLOBAL TELECOM & TECHNOLOGY TO ACQUIRE WBS CONNECT

Transaction Advances Global Telecom & Technology’s Strategy of Building Scale and Leveraging its Network Integration Platform

McLean, VA, November 3, 2009 — Global Telecom & Technology, Inc. (“GTT”) (OTCBB: GTLT) a leading global network integrator that provides its clients with a broad portfolio of wide-area network and mobility services, announced today that it has signed a definitive agreement to acquire privately-held WBS Connect, LLC. Based in Denver, Colorado, WBS Connect provides high bandwidth IP and wide area networking services to over 400 customers worldwide.

The acquisition of WBS Connect will expand the portfolio of IP transit and Ethernet services GTT offers. Additionally, GTT will add WBS Connect’s network infrastructure assets with over 60 points of presence in major North American, Asian and European metro centers. With these assets, GTT will have a deeper IP transit and Ethernet product suite to attract new customers and cross-sell into its existing customer base. On an annualized basis, WBS Connect has generated approximately $28 million in revenue and positive EBITDA.

Under the terms of the agreement, the total consideration consists of 500,870 shares of GTT common stock to be issued over 18 months beginning six months after the transaction closes, $1.8 million in cash and seller notes, plus the assumption of WBS liabilities and working capital. Subject to customary closing conditions and the approval of the Federal Communications Commission, the company expects the transaction to close by the end of 2009.

"Acquiring WBS Connect demonstrates GTT’s determination to rapidly scale its global telecom business. In this case, the transaction will combine the power of our customer and operations platform, proven management team and focus on business fundamentals with WBS Connect’s sizeable customer base and physical network," said Rick Calder, President and Chief Executive Officer of Global Telecom & Technology. "The entire WBS Connect team has done an impressive job of growing revenue over the past three years and creating business value. We believe that the addition of WBS Connect’s product set, customer base and IP network will provide significant opportunities for long-term growth, further operational leverage and value creation for our global telecom business.”

“We are excited that the combination of WBS Connect’s business with GTT will allow us to take the WBS Connect suite of products and services to a whole new level in worldwide markets,” said Scott Charter and Mike Hollander, Co-Founders and Managing Partners of WBS Connect.

“GTT’s financial strength supports this transaction” said Eric Swank, Chief Financial Officer of GTT. “We plan to finance the acquisition with existing cash, available debt capacity, and a very modest share issuance. By layering WBS Connect’s services onto our operational platform, we will be able to realize sizeable economies of scale. Over time, we will also seek ways to leverage the WBS Connect network to expand our overall gross margins. In short, the acquisition of WBS Connect is a financial and operational win-win as it expands our EBITDA and creates a business on a path to $100 million in revenue at an attractive price while enhancing GTT’s financial profile.”

Third Quarter Earnings Conference Call
Global Telecom & Technology will discuss the WBS Connect acquisition during its third quarter earnings conference call, scheduled on Thursday, November 12th at 8:30 a.m. Eastern Time. The conference call is available via phone, or over the internet.
• What: GTT’s Third Quarter 2009 Financial Results conference call, including discussion of the WBS Connect acquisition
• When: Thursday, November 12, 2009 at 8:30 a.m. Eastern Time
• Where: Via phone by dialing +1.888.359.3622 or +1.719.325.2427, entering passcode 9831049 and asking for the GTT call, or via internet webcast at www.gt-t.net.

About Global Telecom & Technology
GTT is a global network integrator that provides its clients with a broad portfolio of wide-area network and wireless mobility services. With over 800 worldwide supplier relationships, GTT combines multiple networks and technologies to deliver cost-effective solutions specifically designed for each client's unique requirements. GTT enhances client performance through our proprietary systems, comprehensive project management and 24x7 operations support. Headquartered just outside Washington, D.C. in McLean, Virginia with offices in London and Dusseldorf, GTT provides service to more than 300 enterprise, government, and carrier clients in over 80 countries, worldwide. For more information visit the GTT website at www.gt-t.net.

About WBS Connect, LLC.
#108 on the Inc. 500 Fastest Growing Private Companies list for 2009, WBS Connect is a provider of global IP transit and data transport services worldwide. WBS Connect offers IP transit, Ethernet, data center co-location, and managed network services products. WBS Connect has a presence in over 85 global data centers, access to more than 300,000 lit buildings, and over 240 Gigabits of network traffic currently in production. WBS Connect is headquartered in Denver, Colorado.

Forward-Looking Statements:
This release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect the current views of Global Telecom & Technology, Inc., with respect to current events and financial performance. You can identify these statements by forward looking words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “could,” “should,” and “continue” or similar words. These forward-looking statements may also use different phrases. From time to time, Global Telecom & Technology, Inc., which we refer to as “we”, “us” or “our” and in some cases, “GTT” or the “Company”, also provides forward-looking statements in other materials GTT releases to the public or files with the United States Securities & Exchange Commission (“SEC”), as well as oral forward-looking statements. You should consult any further disclosures on related subjects in our quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Such forward-looking statements are and will be subject to many risks, uncertainties and factors relating to our operations and the business environment that may cause our actual results to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause GTT’s actual results to differ materially from these forward-looking statements include, but are not limited to, the following: our ability to obtain capital; our ability to develop and market new products and services that meet customer demands and generate acceptable margins; our reliance on several large customers; our ability to negotiate and enter into acceptable contract terms with our suppliers; our ability to attract and retain qualified management and other personnel; competition in the industry in which we do business; failure of the third-party communications networks on which we depend; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged; our ability to maintain our databases, management systems and other intellectual property; our ability to maintain adequate liquidity and produce sufficient cash flow to fund our capital expenditures and debt service; technological developments and changes in the industry; our ability to complete acquisitions or divestures and to integrate any business or operation acquired; our ability to overcome significant operating losses; and general economic conditions. Additional information concerning these and other important factors can be found under the heading "Risk Factors" in GTT's annual and quarterly reports filed with the Securities and Exchange Commission including, but not limited to, its Annual Report on Form 10-K. Statements in this release should be evaluated in light of these important factors.

GTT Media Contact:
JD Darby
+1.703.442.5530
jd.darby@gt-t.net
GTT Investor Contact:
Eric Swank
+1.703.442.5529
eric.swank@gt-t.net








WBS Connect
Global Telecom & Technology

WBS Connect Helps Sunset Digital Communications Increase Broadband Services Capacity

Global technology services company delivers redundant paths for Virginia-based Internet service provider

Denver, Colorado, September 2, 2009 – WBS Connect has recently signed an agreement to help Internet service provider (ISP) Sunset Digital Communications increase redundancy in their high-speed fiber-optic network. Sunset Digital, based in Southwest Virginia, added WBS Connect-provided network paths between Southwest Virginia and Atlanta, GA in order to attract new business and provide more reliable Internet access service and interoffice connectivity (layer 2 transport services) for their current customers.

“WBS Connect is very excited to be working with Sunset Digital as they build out their network,” said Jake Cummins, National Sales Manager for WBS Connect. “Our product suite and capabilities are perfect complements to companies like Sunset Digital who are looking to cost effectively connect to multiple network providers at major Internet peering points.”

WBS Connect has been providing high-speed connectivity for Sunset Digital for nearly two years. The implementation of these diverse fiber routes will allow the ISP to provide additional reliability for customers as well as attract new customers, bringing more economic development to Southwest Virginia.

“Large communications companies scouting for data center locations look for capacity and redundancy. We now have both,” says Paul Elswick, President of Sunset Digital Communications. “The ability to obtain this kind of high-capacity connectivity is a huge leap forward for the area.”
The WBS Connect services portfolio includes high speed Internet access, point-to-point data networking, Content Delivery Network (CDN) services, data center colocation, network consulting services, and cloud computing. In addition to its extensive technology framework built throughout North America, Europe, and now Asia, WBS Connect has partner relationships with over 35 major carriers across the globe.


About Sunset Digital Communications
Started in 2003, Sunset envisioned and constructed a state-of-the-art fiber optic network dedicated to provide broadband services to improve economic development and quality of life in Southwest Virginia and beyond. The Lenowisco Rural Area Network (R.A.N.) is a Gig-Ethernet, active fiber-optic network with fast, reliable and affordable broadband access to multiple physical infrastructures. This vision was possible, in part, thanks to grant funding from the Virginia Tobacco Indemnification and Community Revitalization Commission to Lenowisco Incorporated. For more information, visit www.sunsetcom.net.
About WBS Connect
Founded in 2002, WBS Connect is a provider of global technology services. They leverage multi-gigabit commitments with IP transit carriers to offer high bandwidth Internet connections and data transport services worldwide. WBS Connect also offers data center colocation, expert managed network services, business video communications services, and cloud computing services. They have a presence in over 60 carrier-neutral data centers across the world, and have access to over 70,000 network nodes. Ranked 108th on the 2009 Inc 500 Fastest Growing Private Companies List, WBS Connect has hundreds of customers across a broad spectrum of industries. For more information, visit www.wbsconnect.com.
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WBS Connect

A Compelling Argument for E-Readers – the Sony Reader Daily Edition

I see articles about e-readers all over the web. I have never had the urge to buy one. Sony’s new e-reader may just give me a reason… at least to start thinking about it.

Sony will have a new wireless e-reader available in December. The Sony Reader Daily Edition will be priced at $399 and will have a 7-inch touch screen. Free 3G data connectivity via AT&T will allow access to Sony’s online library. Amazon’s Kindle also has wireless, enabling its users to download books directly from Amazon.

But the Daily Edition boasts something unique –access to libraries via a joint marketing agreement with Overdrive, the leading global distributor of eBooks and audio books to libraries. With a valid library card, users will be able to download books from the library for free, keep them for the time the library specifies, and then they just expire. No late fees!

I find the library feature pretty cool, and as more books become available in electronic format in libraries, the Daily Edition looks even better. What’s Amazon’s next move?

Erika Moskal

Overdrive

WBS Connect Ranks No. 108 on the 2009 Inc. 500 with Three-Year Sales Growth of 1476%

Denver, Colorado, August 18, 2009 -- Inc. magazine has ranked WBS CONNECT number 108 on its 28th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. Additionally, they ranked 6th in their category, IT Services. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.

“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
The WBS Connect services portfolio includes high speed Internet access, point-to-point data networking, Content Delivery Network (CDN) services, data center colocation, network consulting services, and cloud computing. In addition to its extensive technology framework built throughout North America, Europe, and now Asia, WBS Connect has partner relationships with over 35 major carriers across the globe.
"We are excited and honored at being selected by Inc. Magazine as one of the fastest growing companies in the nation. Being placed in the top 500 is a direct result of the hard work and commitment of our very talented team. We strive to keep our customers connected to their worlds," said Mike Hollander, WBS Connect Managing Partner.

Inc. 500 Methodology
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About WBS Connect
Founded in 2002, WBS Connect is a provider of global technology services. They leverage multi-gigabit commitments with IP transit carriers to offer high bandwidth Internet connections and data transport services worldwide. WBS Connect also offers data center colocation, expert managed network services, business video communications services, and cloud computing services. They have a presence in over 60 carrier-neutral data centers across the world, and have access to over 70,000 network nodes. For more information, visit www.wbsconnect.com.
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WBS Connect

TELX AND TATA COMMUNICATIONS FORGE GLOBAL ALLIANCE

New York, NY (August 11, 2009) – Telx, one of the largest North American interconnection and colocation data center operators, announced today that it has forged a broad-ranging, global alliance with Tata Communications, a leading wholesale and enterprise communications services provider. The relationship will leverage each company’s colocation space in their respective countries of operation, allowing Telx customers requiring colocation space in India, EMEA, Asia and specific U.S. sites to obtain space in a Tata Communications data center with Telx acting as the single point of contact for contractual arrangements.

Conversely, Tata Communications customers requiring U.S. data center space or access to the Telx Internet Exchange (TIE) can do so in Telx facilities using their Tata Communications account management team as facilitators. The companies will also work together to package joint solutions, including Tata Communications managed security, data center services, and transformation services to enhance capabilities offered to their shared clients.

“This agreement enables Tata Communications to leverage its position of strength in the global communications market while extending its reach in the U.S. through the local facilities of Telx ,” said Vinod Kumar, President and COO of Tata Communications. “Telx, with its local market expertise and densely populated colocation facilities, matches our commitment to deliver market-leading solutions to customers in the United States.”

“Telx clients have long enjoyed the simplicity of a one-stop-shop when it came to serving their colocation and interconnection needs in the U.S., but the company’s domestic focus prevented us from solving the global needs of customers,” said Eric Shepcaro, CEO of Telx. “We continually strive to partner with well established providers. By forging this strategic alliance with Tata Communications, we’re able to better serve our clients with additional footprint options and a broader services mix that are critical to their businesses.”

Tata Communications and Telx share positions of strength in their respective markets and share a similar resolve to meet customers’ needs and deliver industry-leading services around the world.



WBS Connect

ISE and Direct Edge Announce Selection of Telx for Data Center Services

NEW YORK, August 11, 2009 – The International Securities Exchange (ISE) and Direct Edge today announced that they have jointly selected Telx to provide disaster recovery data center services as part of a comprehensive new data center strategy program. Working together, ISE and Direct Edge will offer their member firms access to a robust and secure data center capable of managing the complex technology environment of ISE’s options exchange and Direct Edge’s two equity trading platforms. Furthermore, this initiative leverages the facilities management agreement between the two firms and provides additional synergies from the unique partnership between ISE and Direct Edge. Direct Edge is the fastest growing marketplace in the U.S. equities space, having recently become the third largest stock market in the country. ISE operates the world’s largest equity options exchange.

“Telx offers a multitude of network and connectivity options that will provide flexibility for both ISE’s and Direct Edge’s member firms. With their exceptional customer service and state-of-the art technology, we are confident that Telx’s customer-oriented approach will meet the unique needs of our customers,” said Daniel Friel, ISE’s Chief Information Officer.

“Telx understands our customers’ need for low-latency connectivity,” said Steve Bonanno, Chief Technology Officer at Direct Edge. “The numerous connectivity choices Telx offers will help expedite the customer migration to the disaster recovery data center, which we want to have happen swiftly and smoothly.”

“Telx is extremely pleased that we were able to satisfy ISE and Direct Edge’s substantial infrastructure and performance requirements. ISE’s and Direct Edge’s selection of Telx validates our focus and growth in the financial services vertical as well as in proximity hosting in key markets such as the New York/New Jersey metro region, Chicago, and San Francisco," said Eric Shepcaro, Chief Executive Officer of Telx.

ISE will be building out the Telx site over the coming eighteen months in order to ensure a smooth migration for member firms to the new Global Trading System platform in late 2010. Direct Edge plans to launch its Telx-based disaster recovery site in the second quarter of 2010, with customer migration expected to begin early in the first quarter of 2010.


ISE Background
The International Securities Exchange (ISE) operates the world’s largest equity options exchange and offers options trading on over 2,000 underlying equity, ETF, index, and FX products. As the first all-electronic options exchange in the U.S., ISE transformed the options industry by creating efficient markets through innovative market structure and technology. Regulated by the Securities and Exchange Commission (SEC) and a member-owner of The Options Clearing Corporation (OCC), ISE provides investors with a transparent marketplace for price and liquidity discovery on centrally cleared options products. ISE continues to expand its marketplace through the ongoing development of enhanced trading functionality, new products, and market data services. As a complement to its options business, ISE has expanded its reach into multiple asset classes through strategic investments in financial marketplaces that foster technology innovation and market efficiency. Through minority investments, ISE participates in the securities lending and equities markets.

ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives. For more information, visit www.ise.com.



Direct Edge Background
Direct Edge is the third largest U.S. equities marketplace, offering the next generation of displayed markets. With U.S. cash equities volume routinely exceeding 2 billion shares per day, Direct Edge uses multiple ECN and exchange platforms and unique order types to match complementary forms of liquidity based on sensitivity to transaction cost, fill rate, fill speed, and contra-side sophistication, while maintaining high execution quality and low latencies. Headquartered in Jersey City, N.J., Direct Edge is owned by a consortium that includes the International Securities Exchange, Knight Capital Group, Inc., Citadel Derivatives Group, The Goldman Sachs Group, and J.P. Morgan. More information about Direct Edge is available at http://www.directedge.com.





WBS Connect

TELX LAUNCHES FIRST VIDEO EXCHANGE TO ENABLE ADVANCED VIDEO ADOPTION BY ENTERPRISES

NEW YORK (August 11, 2009) – Telx, one of the largest and fastest-growing domestic interconnection and colocation data center operators, today announced that it has become the first colocation and interconnection provider to offer a virtual private network-network access point (VPN-NAP) that is optimized for video transmission. Branded as the Telx Video Xchange, the new interexchange service enables customers to deploy and use video conferencing or Telepresence equipment with other entities on different networks. The new service solves the critical inter-enterprise video issues that have hindered the adoption of such technology to date, such as mis-matched QoS, addressing conflicts and asynchronous security, for carriers, enterprises, and systems integrators.

VPN-NAPs are network exchange facilities that securely connect networks for private, private to private, and/or public communications. Using this architecture for the Telx Video Xchange provides a secure business-to-business video exchange that enables a customer to connect to their customers, suppliers, and partners who are operating on different private networks. Standards-based addressing, security and quality of service (QoS) transliteration are handled in the Telx Video Xchange, ensuring quality transmission of video for customers.

“Telx provides extensive secure space for customer equipment, such as video bridges. Also our carrier-neutral colocation environment allows cross-connections with a global marketplace of more than 600 service providers. This makes Telx an excellent provider to offer a video exchange,” said Rose Klimovich, Vice President of Product Development and Product Management for Telx. “Leveraging our network neutral environment, customers can enable use of enterprise video across private networks by in building cross-connects. Telx provides the previously missing component in the exploding world of enterprise video communications.”

The Telx Video Xchange will be powered by IP V Gateways’ Connectivity+ platform, a robust video telecommunications software platform that enables videoconferencing, as well as integrated audio, desktop conferencing systems, and Web-enabled devices, across carrier and private network boundaries. The platform solves the problem of maintaining quality across carrier networks while enabling systems to interoperate.

“We are extremely pleased to be working with the premier interconnection and colocation company in the United States,” said Pat Montani, CEO of IP V Gateways. “Our company sees huge advantages for our current video service provider and carrier customers, as well as for Telx’s customers in moving to a real and ubiquitous interexchange environment where quality and security are paramount.”

Telx’s first Video Xchange will be located in the company’s facility in 60 Hudson Street in New York City.








Telx

TELX EXPANDS PRESENCE IN DOWNTOWN CHICAGO AT 350 EAST CERMAK

NEW YORK (August 5, 2009) – Telx, one of the largest domestic colocation and interconnection data center operators, announced today that it has expanded its downtown Chicago colocation and interconnection capabilities by adding 15,000 additional gross square feet and 10,000 available sellable square feet in its facility at 350 East Cermak Street. The additional space, which was assigned to Telx by another tenant within the facility, provides additional space for financial services customers and other enterprise verticals that require ultra low latency connectivity and interconnections to the widest variety of networks, and financial and information exchanges available in the marketplace. The facility also houses Telx’s Financial Xchange, offering direct connections to more than 30 of the industry’s leading exchanges, trading platforms, and financial service companies. This second expansion for Telx approximately doubles its square footage and available cabinet equivalents at 350 Cermak.

“Low latency connectivity and high-volume high performance interconnection remain in strong demand, especially in major financial hubs such as Chicago,” said Chris Downie, President and CFO of Telx. “We remain committed to serving customers with proximity hosting and access to the fastest connectivity providers available in the U.S. today.”

Driving growth in Telx’s Chicago facility has been the Telx Financial Xchange. Participating exchanges, trading partners and financial services businesses leverage the lowest latency connectivity solutions available on the market today, as well as one of the most densely populated interconnection facilities in the Chicago region.

“Proximity hosting and low latency connectivity is critical to businesses in the financial service sector, and has been a key to our continued success in the market,” said Wilson Collazo, Chief Technical Officer for TJM Brokerage. “The density of connectivity within 350 Cermak is unmatched in the marketplace, and this latest expansion offers businesses in financial services and other vertical enterprises additional opportunities to connect to the widest possible variety of exchanges and trading partners in order to be successful.”

“Telx and Digital Realty Trust have a long-standing valued relationship as the MMR operator in ten of our Internet Gateways,” said Chris Crosby, Senior Vice President at Digital Realty Trust. “With the growing data center demand and diminished supply available in downtown Chicago, Telx is well-prepared to serve customers requiring quick deployment and dense interconnections in the premier data center facility in Chicago.”




Telx

Yahoo! and Microsoft to Collaborate on Search

The Associated Press is reporting on a new deal between Yahoo! (20% market share) and Microsoft for searches. Microsoft (8% market share) has been on the warpath to take on Google (65% market share) for advertising revenue generated from searches. With the recent face lift and feature enhancement of the previous Microsoft Live Search now re-incarnated as Bing, it shows Microsoft’s commitment to bring a serious product to the search market. Yahoo!’s ongoing financial issues have brought an about face regarding what their focus will be in the coming quarters with their new CEO Carol Bartz at the helm.

Partnering with Microsoft may bring a stronger marketing and technology effort in order to give healthy competition to Google, while also freeing Yahoo!’s precious development dollars to the enhancement or creation of lucrative products that will rebuild Yahoo! into a place where people once again spend a majority of their web time. With social site competitors like Facebook and MySpace contending with visitors, Yahoo! must re-focus their energies into leveraging their technology and historical presence to sway people back into their portal.

The deal is currently pending anti-trust regulator approvals from the USA and Europe.