Optimum Lightpath Nearly Doubles Growth of Ethernet Business in Enterprise Market

JERICHO, N.Y., Dec. 4 /PRNewswire-FirstCall/ -- Optimum Lightpath, the leading provider of intelligent enterprise data, voice and video solutions and a division of Cablevision Systems Corporation (NYSE: CVC) , today announced that the business unit has experienced a 90 percent increase in Ethernet revenue growth for Q3 2007, compared to the same quarter 2006. Optimum Lightpath's continued annual growth further validates the Company's transition to a pure Metro Ethernet strategy initiated in January of 2005.

"Optimum Lightpath - particularly our base of Metro Ethernet customers - has experienced tremendous growth over the past year as we provide enterprise businesses with sophisticated telecommunications needs," said Dave Pistacchio, executive vice president and general manager, Optimum Lightpath. "The breadth and depth of our customer relationships are a testament to the scalability, reliability and cost effectiveness of Optimum Lightpath's network, and our ability to meet the needs of the most demanding customers in the largest business market for nearly 20 years."

According to the Insight Research Corporation, the U.S. Ethernet services market is expected to grow from $940 million in 2006 to more than $5 billion in 2012. This accelerated adoption of Carrier Ethernet, and Optimum Lightpath's success, are a direct result of medium and large business's requirements for deploying data intensive and mission critical applications over a fully fiber optic network built for business.

"As a leading financial technology and services specialist in the global hedge fund sector, we process high volumes of time-sensitive trade data for our clients on a 24/7 basis," said Bob Schwartz, chief technology officer at GlobeOp Financial Services. "GlobeOp provides automated, integrated middle-and back-office, administration and risk reporting services to more than 150 hedge funds and asset management firms worldwide representing $85 billion in assets under management."

"A reliable, robust telecommunications system with very high bandwidth capacity and minimal latency times for data delivery is essential," continued Schwartz. "The telecommunications system Optimum Lightpath custom-designed for us two years ago connects two GlobeOp data centers in the New York region that provide our nine offices worldwide with both data processing support and disaster recovery capabilities. It is a state of the art 'active-active' processing configuration, in which both centers process data rather than one being simply used as a backup. In addition, it has the scalability and flexibility to grow with the company and its design helps us quickly test and implement innovative new services in response to market demand."

Optimum Lightpath's Metro Ethernet service is helping to increase productivity, streamline operations and lower the total cost of ownership (TCO) for enterprise customers across the New York metropolitan area, resulting in high customer satisfaction, specifically among hospitals, financial institutions and major corporations using its services.

Businesses interested in learning more about Optimum Lightpath's Metro Ethernet services can visit http://www.optimumlightpath.com or call 1-877- LIGHTPATH.

About Optimum Lightpath

Optimum Lightpath, the leading provider of intelligent enterprise data, voice and video solutions and a division of Cablevision Systems Corporation, uses the power of its reliable and resilient fully fiber optic network to deliver these solutions to businesses throughout the New York metropolitan area. Since its formation almost 20 years ago, Optimum Lightpath has built an advanced fiber-to-the-business-premises network extending more than 2,500 route miles throughout the tri-state area with more than 2,500 fiber lit buildings. As a result of owning and maintaining this state-of-the-art network, Optimum Lightpath is able to reliably provide scalable, high-capacity IP-based Metro Ethernet services that support high bandwidth data, Internet, voice and video applications that dramatically improve the enterprise customer's quality of experience.

Optimum Lightpath has been recognized for nine straight years by the New York State Public Service Commission for delivering highly personalized customer service superior to the competition. In 2007 Optimum Lightpath was named Best North American Regional Service Provider of the Year by the Metro Ethernet Forum (MEF) and named Heavy Reading's 2007 North American Ethernet Service Provider of the Year for Regional Innovation. In 2006, Optimum Lightpath was awarded the MEF's 2006 Service Provider of the Year Award for Outstanding Innovation and was also one of the first service providers in the world and the only North American MSO to earn Carrier Ethernet certification from the MEF. For more information, visit www.optimumlightpath.com.

About Cablevision

Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO: Interactive Optimum(R) digital television, Optimum Online high-speed Internet, Optimum Voice digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision's Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE tv and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, and owns and operates Clearview Cinemas.

About GlobeOp Financial Services (R)

GlobeOp Financial Services (R) (LSE: GO) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual and pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp today serves more than 150 clients worldwide, representing $85 billion in assets under management (AuM). With headquarters in London and New York, GlobeOp employs more than 1,600 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

    Media Contacts:
     Nick Rae
     Optimum Lightpath
     516-803-1172
     nrae@optimumlightpath.com

     Jennifer Moritz
     Zer0 to 5ive for Optimum Lightpath
     917-748-4006
     jmoritz@0to5.com

     Jim Maiella
     Cablevision
     516-803-3947
     jmaiella@cablevision.com

    For GlobeOp Financial Services
     Melissa Daly, Ruban Yogarajah
     The Brunswick Group
     Tel +1 (212) 333 3810
     goteam@brunswickgroup.com