Banco Santander International Selects Global Crossing's IP Convergence Solutions21 April 2006
In an effort to streamline telecommunications, increase efficiency and consolidate vendors, while bolstering security, leading global bank Banco Santander International has awarded Global Crossing (Nasdaq: GLBC) contracts to converge its voice, video and data traffic in the United States and Latin America over a single Internet Protocol (IP) network. The bank is utilizing Global Crossing Managed IP VPN Service to transport voice and data between Miami, Montevideo and New York, as well as Global Crossing's IP video solution for videoconferencing among the bank's offices in Miami and New York in the U.S. as well as in Uruguay and Spain. In addition to Global Crossing's superior technology and local support, Banco Santander International indicated Global Crossing's industry leading security features -- ranging from network logic to its precedent-setting National Security Agreement with the U.S. federal government and security certifications with government of the United Kingdom -- were also key factors in choosing Global Crossing.
"We sought a single provider that could deliver a converged, managed solution with the level of security we require as a leading global bank," said Agustin Abalo, senior vice president and CIO, director of operations of Banco Santander International. "Global Crossing's security features, 99.999 percent performance guarantees, service level agreements, scalability, network resiliency and reach are truly superior in the marketplace, particularly in Latin America. In addition, Global Crossing's managed solutions free our IT staff to concentrate on other business-critical functions while Global Crossing manages the network."
This agreement underscores the explosive growth of demand for converged IP services around the globe and in Latin America. In 2005, Global Crossing saw its number of converged IP customers triple, with IP VPN traffic growing more than 300 percent. The convergence of data, voice and video onto a single IP-based platform yields simplicity in network design and administration, as well as connectivity, billing and customer care. Combining Global Crossing's converged solution with managed services allows customers like Banco Santander International to further simplify their network solution and enables them to focus on managing their core business.
"We're delighted to be serving world-class financial institutions such as Banco Santander International with the highest levels of security, technology and customer support," said Jose Antonio Rios, Global Crossing's international president and chief administrative officer. "This agreement is a testament to Global Crossing's increasing reputation as IP provider of choice to global corporations."
Global Crossing has a significant presence in Latin America and the Caribbean with offices and operational facilities in 12 of the region's major cities. Through its sub-sea and terrestrial cable systems, Global Crossing seamlessly connects South America, Mexico, Central America and the Caribbean to the rest of its global network, delivering services to customers around the world. With its regional network officially completed in 2001, currently Global Crossing serves virtually all of the region's major carriers as well as many of the most prestigious Latin American companies, research and education networks, and global companies with operations in the region.
Designed to run over the company's extensive global optical network backbone, Global Crossing Managed IP VPN Service links global businesses and delivers content-rich multimedia services through a single, efficient connection, based on Multi-Protocol Label Switching (MPLS) technology. This suite of capabilities is designed to meet the specific communications and collaboration demands of global enterprises and service providers with unprecedented reach and flexibility. Global Crossing offers a truly converged end-to-end IP VPN solution for corporations worldwide, integrating video, voice and data services, and supporting industry-specific community extranets.
ABOUT BANCO SANTANDER INTERNATIONAL
Banco Santander International is the flagship bank for Santander Private Banking operations. In addition to Banco Santander International in Miami, Santander Private Banking has offices in Montevideo, Geneva, London, Madrid and the Bahamas. Santander Private Banking is part of Banco Santander S. A. of Spain, which is ranked as the eight largest bank in the world.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 major cities and 30 countries worldwide, and delivers services to more than 600 cities, 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to 36 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
Please visit http://www.globalcrossing.com for more information about Global Crossing.
Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contact
Kendra Langlie
Latin America
+ 1 305 808 5912
LatAmPR@globalcrossing.com
Analysts/Investors Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
Source: prnewswire
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