Koscom, a financial IT solution provider and Japan's KVH have signed a strategic alliance agreement to provide IT solutions for the global financial community.
Under the agreement, both companies will offer IT solutions including network and data center services for high-speed electronic trading, Disaster Recovery (DR), and Business Continuity Plan (BCP) at new Koscom Busan data center for global and local customers in Korea and Japan as well as other key financial centers in Asia, the US and Europe.
Following this agreement, the two companies will offer ultra low-latency connectivity from overseas financial centers to Seoul and Busan through interconnection of KVH’s ultra low-latency regional network and Koscom’s Stock-net in Korea starting from the first quarter of 2012.
The new IT services will be offered in conjunction with similar services available in other key financial centers such as Tokyo, Singapore, Hong Kong, Sydney, and Chicago.
Moreover, KVH’s extensive experience across the Japanese and global markets will enable Koscom’s customers to experience a new and enhanced range of international services.
Koscom chairman and CEO Ju Ha Woo said this partnership will maximize the opportunities for both parties by working together to promote financial IT services to global customers.