Phoenix Managed Networks completes landmark transaction with InTechnology
24 February 2011
In many countries around the world there is a single, dominant supplier of these services, but now there is an alternative. Phoenix Managed Networks are the new, forward-thinking, viable presence in the industry.
Having already secured custom from some of the most significant financial and retail point of sale players in the US, Phoenix have increased their momentum by strategically investing in the UK and Europe - with a number of notable early acquisitions standing as testament to the group's global eminence. Phoenix' desire to build on their stateside success and 'break' the Eurozone has been boosted with a significant commitment to the deployment of leading edge systems and services, as well as a multi-year, multi-million pound agreement with leading Managed IT & Communications provider InTechnology, whose services will help Phoenix seize growth opportunities and expand yet further.
Industry veteran and CEO of Phoenix, Jack McDonnell explains: "The time has come for card transaction networks to evolve beyond point-to-point routing technology. At Phoenix, our vision is to build on a secure, trustworthy core service by giving customers access to other complementary, value-adding products."
"InTechnology's highly available network means we can expand customer connectivity much more competitively without having to purchase additional circuits on an ad hoc basis as other providers do. With scope for scalability, we're in the unique position of being able to offer not only better transaction systems, but bolt-on services too."
Current market leader could pay the price for standing still
With a next generation network from InTechnology, Phoenix can not only focus on core transaction requirements, but drive the UK financial and retail sectors forward with the promise of scalability, security and resilience. Moreover, by taking advantage of leading edge connectivity, Phoenix' customers can enjoy the cost benefits of having an unrivalled network at their disposal. As Tim Bell, Director of Phoenix points out: "InTechnology's highly available network means we can expand customer connectivity much more competitively without having to purchase additional circuits on an ad hoc basis as other providers do. With scope for scalability, we're in the unique position of being able to offer not only better transaction systems, but bolt-on services too."
Phoenix believes that through InTechnology's broad range of managed services, the company will enhance end-user experience, provide excellent customer service and ultimately, pass on the many benefits of full convergence. Alan Stephenson Brown, fellow Director of Phoenix continues: "The scope for both customers' and our own convergence is unlimited - through the relationship we have with InTechnology, we can enhance the end-user offering and experience, and deploy their 'Unity' VoIP service to enhance our own back-office service provision'.
Going forward, the agreement between Phoenix and InTechnology sets the stall out for a creditable challenge in the marketplace. For financial and retail point-of-sale customers, the more future-focused choice between transaction routing partners is clear. Now that one exists.