Koscom and KVH to Establish Strategic Alliance in IT Solutions for Global Financial Community

Offering Comprehensive Services to Meet Diversified Needs

SEOUL, South Korea & TOKYO--(BUSINESS WIRE)-- Koscom, a leading financial IT solution provider and KVH Co. Ltd., Japan's leading information delivery platform providing integrated cloud and network solutions announced today that they have signed an agreement on a strategic alliance to jointly provide IT solutions to the global financial community. Under the agreement, the two companies will offer a wide range of IT solutions including network and data center services for high-speed electronic trading, Disaster Recovery (DR), and Business Continuity Plan (BCP) at new Koscom Pusan data center for global and local customers in Korea and Japan as well as other key financial centers in Asia, the United States, and Europe.

As the first step in their partnership, the two companies will offer ultra low-latency connectivity from overseas financial centers to Seoul and Pusan through interconnection of KVH's ultra low-latency regional network and Koscom's Stock-net in Korea starting from the first quarter of 2012. These services will be offered in conjunction with similar services available in other key financial centers such as Tokyo, Singapore, Hong Kong, Sydney, and Chicago.

The demand for low-latency connectivity service is rapidly growing in Asia as the adoption of high-frequency trading (HFT) strategies increases. In addition, demand for DR and BCP from multi national customers in Japan has significantly increased since the East Japan Earthquake and Tsunami this year. To address these evolving and expanding needs of the market, the two companies decided to partner and pool their abundant experience and expertise as market leaders in providing highly reliable IT financial solutions in their respective markets.

Moreover, KVH's extensive experience across the Japanese and global markets will enable Koscom's customers to experience a new and enhanced range of international services. Also, Koscom's expertise in the Korean market will present KVH's existing and future customers with more opportunities to successfully operate in and with Korea.

Ju Ha Woo, Chairman and CEO of Koscom said, "Koscom and KVH are leading financial IT solution providers for Korea and Japan. This partnership will maximize the opportunities for both parties by working together to promote financial IT services to global customers. Back-up services and operation know-how gained from Korean capital market with strategic alliance with KVH will allow Koscom to open up a new overseas DR and BCP business opportunities. Koscom is looking forward to extend its presence in Japan and create a strategic alliance with KVH to become a strong player in global financial IT market."

Richard Warley, President and CEO of KVH said, "KVH is very excited to work with Koscom to expand our geographic reach to ensure our customers benefit from market-leading services that leverage new and innovative technology. In the global financial market, Korea is considered along with Tokyo to be a very important center for electronic trading. With Koscom's strong presence and expertise in the market, KVH will be able to enhance its global capabilities and services for the financial community with robust IT solutions."

About Koscom
Koscom was established in 1977 by the Ministry of Finance and Korea Stock Exchange to computerize the securities markets and related industries systems. Since its foundation, Koscom, as the sole financial Information technowldege arm of KRX, has been contributing to Korean financial market through providing the cutting-edge IT solutions, including Korean futures and options exchange trading and related IT systems which boasts the world's largest transaction volume. Recently, Koscom is working together with Malaysia, Laos, Cambodia, Vietnam and other countries exchanges for various IT projects. More information on Koscom can be found at http://english.koscom.co.kr

About KVH
KVH was established in Tokyo in 1999 by Fidelity Investments as a Japan focused IT/communications service provider. As an information delivery platform that allows enterprise customers to store, process, protect and deliver their vital business information, KVH offers integrated cloud and network solutions that include infrastructure-as-a-service, managed services, data center services, professional services, data networking, internet access, and voice services. KVH operates the lowest latency network in Japan, and with over 450 financial services customers, is the leading provider of ultra low-latency network and proximity hosting solutions to the high-frequency trading community in Tokyo and Osaka. KVH also offers low-latency connectivity services between major financial markets in the Asia/Pacific region and the US including Tokyo, Chicago, New York, Singapore, Hong Kong, Shanghai, and Sydney. More information on KVH can be found at www.kvh.co.jp/en/

CONTACT:

KVH Co. Ltd.
Satoko Furukawa, +81-3-4560-7201
Corporate Communications
press@kvh.co.jp

KEYWORDS:   Asia Pacific  South Korea  Japan

INDUSTRY KEYWORDS:   Technology  Data Management  Networks  Telecommunications  Other Technology  Professional Services  Finance  Other Professional Services

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