Colt Unveils Asia Cloud PBX Service, Shoring Up Communication Costs

Colt Technology Services, a provider of network and communications services for trading groups, has launched a new Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term service in Asia, helping consolidate a wide range of utilities into one comprehensive solution. Its Asia Cloud PBX Service will aim to help mitigate customer costs and operational loads, according to a company statement.

Colt’s Asia Cloud PBX Service is targeting an April launch, which will aim to combine PBX functionality, IP Phones, and more streamlined connectivity in the cloud computing space. Private Branch Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (PBX) functionality is provided by software that helps integrate mediums of communication for businesses.

The launch of Colt Asia Cloud PBX Service is important as it will help customers forgo requirements to rely on and purchase their own PBX, in essence enabling them to incur minimized initial costs and small monthly fees. In addition, the new PBX service will also help reduce several other costs, such as overheads and issues associated with traditional PBX and telephony systems that are utilized by companies with multi-site connections at different offices, branches and storefronts.

Support of Global Colt Network

The deployment of an Asian-focused cloud infrastructure will also strengthen the flexibility and scalability required for growing businesses in the region. Colt’s Asia Cloud PBX Service will also be installed within its worldwide data centers, which will be powered by the Colt IQ Network, its private Ethernet network.

According to Colt’s CCO Asia and Regional Executive Kenji Hioki in a statement on the launch of the new solution: “Cloud computing is already a standard in today’s IT environment. This reality also applies to voice communications, including telephony, that are indispensable to corporate business.”

“With this service, Colt is dramatically reducing the cost of acquiring PBX and corporate telephony, in turn reducing the associated maintenance and overhead expenses that come with a communications network spanning multiple sites. These capabilities are essential for launching new businesses, rapid expansion of existing businesses, and establishing new sites,” he added.