Colt’s VoIP Access Suite Expands Capabilities to Eastern Europe

The solution offers several risk management considerations, including disaster recovery, fraud management, and voice security.

Colt Technology Solutions has increased the capabilities of its SIP Trunking solution, Colt VoIP Access, to a new region, this time extending the solution to Central and Eastern Europe, according to a Colt statement.

The SIP trunking service helps performs a wide range of functions for financial service providers, allowing enterprises simplified infrastructural alternatives, as well as streamlined multi-site connections via a single IP network. Furthermore, the solution offers a number of risk management considerations, including disaster recovery, fraud management, and voice security over multiple connectivity options, which will be important to the region as it continues to evolve financially.

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Additionally, Colt also plans to extend its SIP solution to Northern Europe and Asia by the end of 2015, i.e. Finland, Norway and Japan, which will eventually bring the total to twenty countries of operation. At the present, the solution is available in the Czech Republic, Luxembourg, Poland, Romania, and Slovakia, as well as thirteen countries in Western Europe.

According to Richard Oosterom, EVP Voice Services at Colt, in a recent statement on the extension of the solution, “We are seeing accelerated growth in SIP trunking services to now over 40% per year and increased interest from our customers for communication services including telephony in Europe and Asia.”

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“Many international enterprises are expanding into new markets and move business processes into Central and Eastern Europe, whilst making the transition from legacy systems to voice over IP via native SIP trunking, as PBX depreciation cycles further mature. They are exploring how to unlock the potential to improve the overall quality of service across the company while achieving cost efficiency through integrating their voice infrastructure around a centralised IP Telephony architecture,” he added.

“With Colt VoIP Access businesses benefit from a consistent service experience across all countries where they operate. The ability to consolidate the service delivery physically and remove the need to manage multiple remote suppliers considerably reduces the costs of service and provisioning.”

Colt made headlines yesterday after extending the scope of its PrizmNet extranet solution, a financial services utility that helps connect providers of financial content to capital markets firms, to the United States. Colt PrizmNet helps allow Capital Markets firms to integrate with new markets and clients in a more streamlined fashion, via its sovereign private network that focuses on content delivery.

Colt’s announcement also came amidst a swell of client demand for heightened transparency and more streamlined access to new and existing markets. The extranet’s move to the US will also cater to several asset classes including swaps, foreign exchange (FX) and fixed income.

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