FOR IMMEDIATE RELEASE
Arbinet-thexchange Launches Online Trade Implementation Platform for Telephony
Leading Full Service Provider (FSP) Breakaway Solutions Provided Technology Strategy, Implementation, and Application Hosting Services
NEW YORK – August 2, 2000 – Arbinet-thexchange, the full service trading solution for buyers and sellers
of telephony bandwidth, today announced that it has launched a groundbreaking, online
trading engine that fully-automates the flow of traded communications capacity between
members’ networks, based on their specific trading parameters.
Breakaway Solutions, Inc. [Nasdaq: BWAY], is a leading Full Service Provider (FSP) of e-business solutions to growing enterprises.
Through its FSP model, Breakaway Solutions worked on the technical strategy, and implementation of the trading platform, and is hosting
the web site and its mission-critical applications..
The trade implementation platform is integrated with thexchange’s back office trade reconciliation, settlement and billing packages. This new platform scales to support the integration of multi-node trading functionality as additional international facilities are brought on line.
Breakaway Solutions, Inc. (NASDAQ: BWAY), is a leading Full Service Provider (FSP) of e-business solutions that allow growing enterprises to capitalize on the power of the
Internet. Breakaway Solutions offers strategy, e-business implementation, and application hosting solutions optimized for growing enterprise clients. Headquartered in
Boston, Mass., Breakaway Solutions has a network of regional offices and Internet Solutions Centers in major cities across the U.S. and in Europe, as well as 11 Application Hosting
facilities in North America, Europe, Asia and Australia. Breakaway Solutions can be reached at 617/960-3400 or at www.breakaway.com.
Arbinet-thexchange is the full-service, online exchange for on-demand transactions, automated physical delivery and settlement of trades of telephony bandwidth. Thexchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. Automated delivery is accomplished by employing advanced trading software and a set of patented processes to link the web-based trading platform with carrier-grade telecommunications switching equipment. Arbinet-thexchange handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and online rating of the service quality of each seller’s network. For more information, visit Arbinet-thexchange at www.thexchange.com.
120 Albany St. Tower II, Suite 450, New Brunswick, NJ
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