Leading Analyst Firm Recognizes Cable & Wireless as a 'Leader' in the Web Hosting Marketplace
Firm Cites Digital Island and Exodus Acquisitions as Key
SANTA CLARA, Calif., March 21 /PRNewswire-FirstCall/ -- In its 2002 North American Web Hosting Magic Quadrant, Gartner has positioned Cable & Wireless (NYSE: CWP - news) and Exodus, its US web hosting business, in the ``Leaders'' quadrant based on the company's ``Ability to Execute'' and ``Completeness of Vision.''
Gartner's Magic Quadrant report, a graphical portrayal of vendor performance in a particular market segment, positions hosting service providers in one of four quadrants: Niche Players, Visionaries, Challengers and Leaders. According to Gartner, leaders are vendors that are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.
``Cable & Wireless and its Exodus business are pleased to have been recognized by Gartner in the leader quadrant. The combination of Exodus, Digital Island and Cable & Wireless enables us to offer enterprise customers unparalleled network and hosting solutions and the expertise to meet their business needs,'' said Bill Austin, chief executive officer, Exodus.
Under the brand name of Exodus in the US, Cable & Wireless offers a complete suite of hosting services including managed hosting, collocation, managed security and managed storage services. This suite is being completely integrated with Digital Island's established family of content delivery and streaming technologies.
According to Gartner, a new evaluation criterion added to this year's list is financial stability. ``With the investment pool almost dry, it doesn't matter how good a company is if it won't have the funds to finish out the year or to reach eventual profitability,'' the report states.
About Exodus, a Cable & Wireless Service
Beginning April 1, 2002, all hosting and content delivery services historically offered by Cable & Wireless, Digital Island and Exodus will be managed by one business division and marketed in the U.S. as Exodus, a Cable & Wireless Service and in the rest of the world as Cable & Wireless. Supported by Cable & Wireless' powerful global infrastructure and financial strength, the combined business is uniquely positioned to provide managed hosting and interactive web services for business customers. |
