Dublin, Ireland (PRWEB UK) 22 May 2012
The emergence of dynamic, on-demand computing resources has prompted the re-evaluation of bandwidth-on-demand service offerings. These would provide cost-effective connectivity between end-customers and data centres over short time durations. A necessary precursor for this is the ability to trade bandwidth contracts for on-demand end-to-end Ethernet circuits, mediated through an electronic exchange that enables price-discovery. It would then be possible to deliver Cloud Services more cost effectively through on-demand provision of the three core elements of Network, Storage & Compute.
The project brings together several innovative engineering companies in a unique collaboration under the sponsorship of BT, each with years of expertise from their respective fields. Together they have engineered a way for all the components necessary to trade network resources through a Bandwidth Exchange using an approach comparable to Over-The-Counter Contracts.
Peter Willis, Chief Data Architect at BT Innovate & Design, said: ““This is a catalyst that demonstrates it's possible to implement a viable Bandwidth Exchange marketplace offering connectivity to cloud services. Providing flexibility in bandwidth provision and availability will enable exciting new network services and investment opportunities that complement flexible cloud services.”
This unique demonstration has been developed on the Irish government’s Exemplar test-bed and can be seen at the TM Forum’s Management World Catalyst Showcase in Dublin between May 22nd and 24th 2012.
About Intune Networks Limited (http://www.intunenetworks.com)
Intune Networks have developed a brand new networking technology, allowing telecoms operators to scale networks in a way that is simpler to operate, uses far fewer components and can cope with unexpected traffic demands.
Intune have created a new way of switching packets over long distances, creating an optical Ethernet switch fabric that can switch packets in real-time across hundreds of kilometres. Intune's technology uses tuneable LASERs to switch packets using the emerging OBS (Optical Burst Switching) standard. This reduces network complexity and increases connectivity by making bandwidth instantly available to any point in the network.
Intune are a venture-backed company headquartered in Dublin, Ireland, with offices in the United States and further research and development facilities in Belfast in the UK
BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2012, BT Group’s revenue was £18,897m with profit before taxation of £2,445m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit http://www.btplc.com
Amartus is a leading provider of Next Generation Service Delivery and OSS integration software solutions to the international Communication Service Provider market. Amartus Service Commander™ uniquely addresses the requirement for rapid, cost effective rollout and delivery of Next Generation Cloud, Business, Mobile and Residential services. Service Commander™ (and Amartus powerful Chameleon OS™ on which it is built) enables Service Providers to go from new service concept to commercial availability in a matter of ‘days and weeks’. Amartus has a proven track record delivering carrier class management solutions for leading Communication Service Providers, Network Equipment Manufacturers and OSS solution vendors.
The company was founded in 2003 and is privately held. It is headquartered in Dublin, Ireland and has offices in the U.S. and Poland. More information is available at http://www.amartus.com.
About First Derivatives
First Derivatives Plc is a leading provider of products and consulting services to the capital markets and telecoms industry. Primarily focused on data solutions with multi-system and/or high volume messaging, the Company scopes, designs, develops, implements and supports a broad range of mission critical data and data warehousing. The combination of domain knowledge and technical expertise in leading cross-sector technologies has motivated the Company to invest in developing its own series of products, the Delta Suite, which are market leaders in high performance, low throughput and fully scalable data solutions with powerful user interfaces.
About Nokia Siemens Networks CloudStreet
An innovation from Nokia Siemens Networks, CloudStreet is an open, virtual trading platform that allows multiple operators from around the globe to sell and buy transport capacity on demand. This helps them manage network load better and address their customers’ unpredictable capacity needs more effectively. Furthermore, operators can also tap the fast growing carrier ethernet market opportunity, which is expected to grow to USD 40 billion by 2014 as per Metro Ethernet Forum 2011 estimates.
CloudStreet improves utilization of existing network assets, and helps operators serve their enterprise and media customers’ dynamic capacity needs better, thus increasing their network revenues. Nokia Siemens Networks has filed two patents on CloudStreet technology.
As a long standing member of the TM Forum, Nokia Siemens Networks is happy to contribute to the project and participate in TM Forum’s Management World Catalyst Showcase.
About Nokia Siemens Networks
Nokia Siemens Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.
With headquarters in Espoo, Finland, we operate in over 150 countries and had net sales of over 14 billion euros in 2011. http://www.nokiasiemensnetworks.com