Sidera Networks to Acquire Capacity on Seaborn Networks’ US-Brazil Cable

Sidera customers to benefit from the fastest route between the US and São Paulo, Brazil when completed in 2014

Boston – June 8, 2012 – Seaborn Networks announced today that Sidera Networks will be making a long-term, capacity purchase on Seaborn’s US-Brazil submarine cable system.

Seaborn Networks’ cable system, Seabras-1, is a new 32 Tbps submarine cable that will be the first direct route between São Paulo, Brazil and the United States. The system also will have a branch that lands in Fortaleza, Brazil. Seaborn plans for the Seabras-1 system to be ready for service in the fourth quarter of 2014.

By acquiring capacity on Seabras-1, Sidera will extend its low-latency, fiber optic network to São Paulo, Brazil, the largest financial services center in Latin America.

“Seaborn Networks is honored to have been selected by Sidera Networks in connection with the company’s plan to extend its network to São Paulo,” said Larry Schwartz, Seaborn Networks’ CEO. “This route will enable Sidera to provide strategic advantages to financial services firms and other high bandwidth firms that value being on the lowest latency route between São Paulo and the US.”

According to Mike Sicoli, Sidera Networks’ CEO, “Sidera continues to execute on its strategy to extend our Xtreme Ultra-Low Latency Network, which already carries trillions of dollars in trades per day, to critical financial services centers and exchanges around the world. When completed, Seaborn’s express route from São Paulo will enable us to secure for customers, what is promised to be, the fastest route between the United States and Brazil’s major commercial center.”

Sidera Networks already connects the major metropolitan cities on the East Coast of the United States, as well as Chicago, Toronto, and London. Expanding to São Paulo is a natural next step as it represents the ninth largest city in the world (and the largest in South America) by GDP according to PricewaterhouseCoopers, and is an important global city with an ever-increasing financial services industry.

Seaborn Networks’ Seabras-1 is the first submarine cable system to connect São Paulo to the US without multiple hops along the route, thus enabling the fastest route possible for financial services firms and other businesses focused on reducing latency and improving route diversity.