Seaborn Networks has picked a partner to help make its mark on the world of finance. The submarine cable operator has announced that Spread Networks will be their exclusive channel partner for sales to the financial vertical.
Seaborn's Seabras-1 cable between the New Jersey shore and Brazil will be coming online this summer after five years of planning and some $520M of capital investment. When it does, there will be a new ultra-low latency connection between Carteret, New Jersey and the BM&F Bovespa exchange in Sao Paolo in the market. While the ULL marketplace has calmed in recent years, it remains a force to be reckoned with.
For its part, Spread Networks has a deep relationship with companies in the financial vertical that derives from its unique route between Chicago and New York City (also via Carteret), which was perhaps the original battlefield for ULL connectivity. By teaming up with Seaborn they'll be leveraging their expertise on a new route.