Belfast Telegraph

Hibernia's acquisition will boost expansion

clare weir

THE company behind the high-speed internet cable between Northern Ireland and America says its acquisition of a global technology company will spur technology growth and business development.

Hibernia Networks, which runs the Project Kelvin link-up, has taken over Atrato IP Networks, which has bases in New York and the Netherlands.

Hibernia says that the acquisition will bring further opportunities to Northern Ireland, with carriers, service providers, media companies, enterprises and financial institutions already taking advantage of the overground and under-sea networks it provides. Atrato already has a global presence across 15 countries worldwide throughout the USA and Europe.

The takeover will now allow Hibernia to have a second technical centre of leadership in Europe in Astrato's Amsterdam office, building upon its Dublin base and will further emphasise its global strength and expanded reach for clients.Bjarni Thorvardarson, chief executive at Hibernia Networks, said that Atrato has an exemplary reputation in the industry, due to the high quality customer service by its experienced and dedicated team.

"Hibernia looks forward to continuing this high level of service and utilising Atrato's strong talent base to offer high performance solutions globally," he said.

Michiel Muhlenbaumer, co-founder for Atrato IP Networks, added: "By bringing both companies together, Hibernia will be able to leverage Atrato's strength in product innovation and further evolve its existing Ethernet services suite, providing additional value for clients worldwide.

"As an experienced service provider, Hibernia will ensure transitions are seamless and as always provide an advanced level of service to all customers and partners."


number of countries globally where Astrato already has a presence

Belfast Telegraph