Houston, TX – August 2, 2002 – Simmons & Company International, the largest independent investment bank specializing in the energy industry, has selected CyrusOne as its IT outsourcing partner. CyrusOne’s Enterprise Data Center in Houston currently houses Simmons’ Web site and email servers.
“Our Web site and email systems are critical to our business structure, and we can’t afford for these systems to go down,” said Lenny Schad, Simmons’ vice president of Information Systems. “We’ve worked hard to establish a strong reputation in this industry, and if our IT systems aren’t 100 percent secure and reliable, we lose money and credibility.”
Simmons executives considered building a secure facility and hiring an extensive IT staff to house and maintain its IT systems, but decided it was far more cost-effective to outsource. “We can now focus on our core business of making money for our clients, while CyrusOne manages our IT systems,” said Schad. “We have to protect our customers, and CyrusOne allows us to do that cost-effectively.”
“Since Tropical Storm Allison and the September 11th tragedy, companies have seen the financial impact of not securing an IT system,” said David Ferdman, CyrusOne’s president and chief executive officer. “A facility like ours can give companies and their customers the peace of mind to know their information is secure and 100 percent available.”
Since 1974, Simmons & Company International has served as the financial advisory in almost $56 billion of transactions. Headquartered in Houston, they have 135 employees worldwide.
CyrusOne is Houston’s largest full service data center providing managed hosting, colocation and enterprise management services to companies to ensure application availability, data security, and superior network performance. With a client-centric focus, CyrusOne was the first within the industry to offer a 100% availability guarantee and continues to push the envelope by offering the industry’s highest application availability SLA as well. CyrusOne’s client base includes a spectrum of emerging service providers and Fortune 500 companies who leverage the security and redundancy of CyrusOne’s Enterprise Data Center and Technology Campus. For additional information on the company, visit http://cyrusone.com.
|Mindy Miller or Lisa|
gyro for CyrusOne