Digital Island Announces Outsourcing Agreement With J.P. Morgan Chase for Secure, Scalable Hosting Services.Business/High-Tech Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 30, 2001 LabMorgan and J. P. Morgan Partners Business Units Build a "Virtual Data Center" Within Digital Island's Facilities Digital Island Inc. (Nasdaq:ISLD ISLD International Society for Lasers in Dentistry ISLD Island ECN, Inc. (stock symbol) ) announced today that select J.P. Morgan Chase & Co. (NYSE NYSE See: New York Stock Exchange :JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) business units will use Digital Island's e-Business Delivery network to provide a secure environment for hosting mission-critical Web sites and for disaster recovery. Initially, two business units, J.P. Morgan Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (JPMP), and LabMorgan's internet management support unit for www.jpmorganchase.com, will outsource their hosting requirements in Digital Island's data center in Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The LabMorgan support team for www.jpmorganchase.com chose Digital Island's PrivateHost(TM) service for a disaster recovery facility for the company's public websites, www.chase.com and www.jpmorganchase.com. In addition, J.P. Morgan Partners opted for Digital Island's CustomHost(TM) for superior security in managing its Web site. Combined, the groups have constructed a virtual data center within Digital Island's data center -- allowing them to realize the security, flexibility and scalability of an outsourced solution while maintaining control of mission-critical applications. "When Digital Island builds data centers we have customers such as J.P. Morgan Chase in mind," said Ruann F. Ernst, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Digital Island. "Coupled with the most robust managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality available, our e-Business Delivery Network is clearly the top choice for the financial industry." Digital Island's PrivateHost package lowers the total cost of owning and managing Internet applications while allowing IT organizations to control their networking and hosting equipment. CustomHost services include a fully managed firewall, redundancy and customized infrastructure, among other important features. CustomHost also includes VistaWare, which is a secure browser-based service that provides an integrated view of Digital Island's global e-Business delivery network that will be used by J.P. Morgan Partners to monitor its Web operations Web operations is a domain of expertise within IT systems management that involves the deployment, operation, maintenance, tuning, and repair of web-based applications. With the rise of web technologies since mid-1995, specialists have emerged that understand the complexities of . About J.P. Morgan Partners: J.P. Morgan Partners (JPMP), formerly Chase Capital Partners, is a global partnership with over $24 billion under management. It is a leading provider of private equity and has closed over 1,600 individual transactions since its inception in 1984. JPMP has approximately 150 investment professionals in seven offices throughout the world. About LabMorgan: LabMorgan is the e-finance engine of J.P. Morgan Chase. The Lab's purpose is to find, nurture, invest in, use, and help to commercialize e-finance initiatives that will transform J.P. Morgan Chase and the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Those who partner with LabMorgan have access to the full range of J.P. Morgan Chase's resources including more than 32 million customers around the world and a prestigious brand, as well as unparalleled expertise based on more than 200 years of experience in finance. LabMorgan is the premier partner for accelerating ideas in e-finance. About J.P. Morgan Chase & Co.: J.P. Morgan Chase & Co. (NYSE:JPM)(www.jpmorganchase.com) is a premier global financial services firm with assets in excess of $705 billion and operations in over 60 countries. The firm is a leader in investment banking, asset management, private equity, consumer banking, private banking, e-finance, and custody and processing services. Headquartered in New York, J.P. Morgan Chase serves 32 million consumer customers and over 5,000 corporate, institutional, and government clients. About Digital Island: Digital Island is the leading provider of managed Internet infrastructure for enterprises that need to give their customers a great Web experience in order to drive e-Business transactions. The company integrates managed hosting, content delivery and network services to bypass Internet congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. and guarantee fast and relevant interactions. Digital Island is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and its global e-Business delivery network reaches 33 countries. www.digitalisland.net Important Notice Digital Island is a registered trademark of Digital Island, Inc. CustomHost and PrivateHost are trademarks of Digital Island, Inc. All other trademarks are properties of their respective owners. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. Important factors which could cause actual results to differ materially from those in the forward-looking statements, include but are not limited to: the company's short operating history which makes it difficult to predict its future results of operations; the company's history of operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. and expected future losses which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate which may cause volatility or a decline in the price of the company's stock; the possibility that the company may not be able to price its services above the overall cost of bandwidth causing its financial results to suffer; and other factors detailed in the Company's filings with the Securities and Exchange Commission. |
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