Globix and smartfundit.com Set Up Partnership to Deliver Software and Finance as a Service to the ISV Market

The World's First Managed and Hosted End-To-End Software Finance Service for ISVs


LONDON, July 20, 2006 (PRIMEZONE) -- Managed hosting provider Globix UK and smartfundit.com, the world's first single unified platform for software funding, today announced the formation of a partnership. Together they will provide independent software vendors (ISV) with the opportunity to offer customers a comprehensive end-to-end software delivery service, underpinned by the world's first truly independent finance web(tm) platform.

This unique partnership provides software vendors and resellers with the opportunity to offer Software as a Service (SaaS) using the application service provision (ASP) model -- hosted by Globix and backed up by a truly independent finance on-demand software funding from smartfundit.com.

Globix will provide the managed hosting service, while smartfundit.com provides on-demand finance options through its finance web(tm) platform. The finance web can be accessed from any device, from any location and through any web browser. It has been developed to help software companies browse, source and integrate funding on demand as part of their product offering.

Christian Eckley, Sales and Marketing Director at Globix UK explained: "I believe we have developed a unique sales solution that will give software vendors a major competitive advantage. From a secure single platform, customers will be able to make their software selection and arrange finance to purchase the software as a service in one straightforward process. The whole point of Software as a Service is that it is just that -- it provides a service."

Justin Floyd, Chairman of smartfundit.com added: "The partnership between Globix and smartfundit.com has created the ultimate sales support service for ISVs and their customers. It allows an ISV's customer to better manage the cost of software procurement by providing access to industry's leading software financiers in one easy-to-use platform.

"By removing the barriers that software companies have traditionally faced when incorporating finance as part of a customer deal, together Globix and smartfundit.com are proving a truly attractive hosting and finance on-demand solution for SaaS. Now, independent finance decisions for software procurement are literally three clicks and less than two minutes away."

Notes to editors

About Globix UK (www.globix.com)

Globix UK is a leading managed hosting and security services provider, offering a one-stop outsourcing shop for businesses looking to reduce the cost, complexity and risk associated with managing complex web infrastructures. It is currently the only data centre in the U.K. to have Payment Card Industry Data Security Standard (PCI DSS) accreditation.

Its comprehensive portfolio of products and services includes: infrastructure (colocation, business continuity, networks); managed hosting and security (server admin., IDS, DDoS); application management (databases, custom code, web servers) and media services (streaming); supported around the clock by a team of highly experienced consultants and engineers.

Globix provides expert solutions for SMEs through to large blue-chip businesses across a range of vertical markets, and has over 400 U.K. customers including Lloyds TSB, The Telegraph, Carphone Warehouse, 888.com and Ebookers. It owns and manages its own infrastructure and operates some of the most advanced data-centre facilities in Europe.

Globix UK is a wholly owned subsidiary of Globix Corporation, which is headquartered in New York (AMEX:GEX).

The Globix Corporation logo is available at http://media.primezone.com/prs/single/?pkgid=487

About smartfundit.com (www.smartfundit.com)

smartfundit.com(tm) is the world's first unified platform; the finance web(tm) for technology funding. It can be accessed with any device, from any location and through any web browser. It has been developed to enable technology companies to browse, source, and integrate funding on demand as part of their product offering. By doing so, they extend their market reach and make it easier for customers to buy products.

smartfundit.com is the industry's only Web 2.0 services-based architecture that delivers finance as-a-service (FaaS) and removes barriers that software companies have traditionally been faced with when incorporating finance as part of their product offering.

Today, thousands of software companies are, through a safe, secure and consistent interface, sharing in a multi-billion dollar credit line created and funded for the technology industry from many of the world's leading finance companies. The platform is standardised to support all software licensing models: from perpetual to on-demand and Software as-a-Service (SaaS); enabling users to transact in an automated and personalised environment.

In January 2006 smartfundit.com, the software funding innovator, delivered the world's first independent finance platform. Today the finance web enables subscribers to promote their products to a worldwide audience: to share, educate and collaborate with a global community of end users, technology companies to enhance their business opportunities and to increase their sales momentum to global markets.



            

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