International trading and investment firm Fidessa has selected Colt to design and deploy a new global managed network, which aims to connect the company's employees across a number of continents and allow it to implement a number of resource-heavy applications.

Colt has provided network connectivity between Fidessa and its financial services clients since 2001, but the new solution will see Colt create a fully managed networking service, replacing Fidessa's existing corporate network.

The solution will be based on Colt's Ethernet Private Network services and it is hoped that it will support enhanced employee collaboration through the use of tools such as video conferencing.

Through the network, Fidessa should be able to connect its employees in the UK, US, Canada, Hong Kong, Japan and Australia.Each year Fidessa has $10 trillion flow across its global network. Following the global network overhaul, Fidessa also plans to implement a number of new applications, such as SAP.

David Awcock, IT Services Director, Fidessa, said, "When it came to reviewing the options for our corporate network, we spoke to a number of service providers.

"We've set the industry benchmark with our unrivalled set of mission-critical products and services for the financial community."

He added: "It is important that our chosen service provider supports our consistently high levels of service to markets across the globe. The way that Colt approached the relationship, together with its ability to provide a managed service that follows us across the globe, tipped the balance in Colt's favour."