|To: Eric S. who started this subject||10/23/2003 8:49:17 AM|
|Siemens Business Services Partners With Infonet in Telecommunications Outsourcing|
Thursday October 23, 8:11 am ET
Agreement Helps Traveling Employees Connect Safely To Their Data Network From Any Location
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 23, 2003-- Infonet Services Corporation (NYSE: IN), a leading provider of global communications services for multinationals, today announced that Siemens Business Services has partnered with Infonet to manage its customers' data communications requirements.
The Siemens Business Services solution CORINA (Corporate Remote Intranet Access) allows traveling employees to dial into their company's data network from their laptops at any location worldwide using various methods, such as analogue connections, ISDN, cell phones, the Internet, and Wireless LANs.
Using CORINA, remote users click on their respective location on a graphical interface, and the connection to a Siemens Business Services dial-in node in Germany will automatically be established via Infonet's global IP network and DialXpress®, Infonet's industry-leading remote access service. This is where the user authentication takes place, and the call is forwarded to the destination. With that, Siemens Business Services offers a complete end-to-end encryption with strong authentication.
"More and more of our customers' mobile managers, sales representatives and service technicians need to access their company's data network at any time and at any location. CORINA is managing this communication in a secure and comfortable way," said Thomas Lichtenberger, Head of Carrier Management at Siemens Business Services.
To ensure a secure dual source strategy, Siemens Business Services placed a new Request for Proposal for international data communications this past year. After considering six global providers, Siemens Business Services chose Infonet as the CORINA mainline partner.
"Infonet is offering us significantly more free call facilities as a value add and is additionally providing the accompanying data tracking where, when and how long the user is online," Lichtenberger emphasized. "With that, we can offer more simplified application facilities to our customers as well as the exact accounting information they need to adequately divide associated expenses among responsible parties. In places where we work with a flat rate, this helps us calculate expenses considerably more accurately. With this, we have significantly strengthened our market position in this segment."
Siemens Business Services additionally highlighted Infonet's favorable price performance ratio and high flexibility as criteria that helped make the decision to utilize Infonet.
"Our global presence, innovative technology and our flexible project management have, one more time, tipped the scales for a strategic decision in our favor," said Micheline Wens, General Manager at Infonet Network Services Deutschland GmbH in Frankfurt, Germany.
Around 40 countries will be migrated to Infonet's global network. The transfer volume in this segment of the Siemens Business Services network approaches 600,000 minutes a month, with about half of that data traffic coming from within the Siemens group and its external customers.
"When designing the CORINA solution, we attached great importance to security in the network as well as on the customer's premises hardware, and also to the ability to integrate new access methods (like 3G), as well as being able to provide user friendly ergonomics," said Michael Wurzer, Manager of the Competence Center for Local Networks and Mobile Access at Siemens Business Services.
CORINA consists of a graphical interface at the laptop, the authentication, security and administration systems to the Siemens Business Services dial-in node in Munich, Fuerth and Paderborn, and the related external communications services. It can only be accessed with a PIN and a SecurID card, whose code changes every 60 seconds. In the near future, digital certificates will also be supported for authentication.
DialXpress, which was recently named a World Communication Awards finalist for "Best Managed Service", is a fully managed and globally available remote access solution into Infonet's The World Network®. There are no fixed line charges for the respective locations.
About Siemens Business Services
Siemens Business Services, a global provider of complete solutions and services for information and communications technology, is present in 44 countries. In the past fiscal year (September 30, 2002) the turnover amounted to 5.8 billion Euro. 73 percent have been achieved outside the Siemens group. The company currently employs 33,600 employees worldwide. More information is available at siemens.com.
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|To: Eric S. who started this subject||10/28/2003 8:43:01 AM|
|Infonet Maintains Position in Leader Quadrant in Gartner's Latest Global Network Service Provider ``Magic Quadrant'' Report|
Tuesday October 28, 8:05 am ET
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 28, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced it was once again listed in the "leader" quadrant for both "Ability to Execute" and "Completeness of Vision" in Gartner's most recent Magic Quadrant for Global Network Service Providers report, written by David Neil and released on October 17th.
According to Gartner, leaders are vendors who are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.
According to Gartner, "Ability to Execute" is defined through service provider performance in five criteria, "Service Portfolio and Coverage", "Client Support, Service and Quality", "Mind Share and Market Share", "Pricing" and "Corporate Viability". Gartner defines "Completeness of Vision" through the evaluation criteria "Product Strategy", "Marketing and Sales Strategy", "Business and Financial Strategy", "Technology Strategy" and "Operational Strategy".
"This year continues to be one of great progress for Infonet, highlighted by our continued expansion into high-growth markets like India and Singapore, and the strengthening of our already robust portfolio of managed network services with new Mobility and Security offerings," said Jose A. Collazo, Chairman, President and Chief Executive Officer of Infonet. "We are proud to stand at the forefront of the industry, and look forward to continuing to innovate and execute to bring our vision to reality."
Source: Gartner, "Global Network Service Providers 2003", David Neil, October 2003.
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|To: Eric S. who started this subject||10/29/2003 1:14:00 AM|
|Yesterday, October 28, 2003, YAHOO-JAPAN listed on the First Section of the Tokyo Stock Exchange (TSE). Previously YAHOO-Japan was listed on the JASDAQ over-the-counter market. Capitalization of YAHOO-Japan before the listing was US$ 27.5 Billion, demonstrating the size of Japan's internet market.|
Does anybody know what Infonet is doing in Japan? Did Infonet-Japan list in Japan?
more about Japan's internet markets here: eurotechnology.com
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|To: Eric S. who started this subject||11/7/2003 8:22:54 AM|
|Infonet Announces Fiscal 2004 First Half and Second Quarter Results|
Thursday November 6, 4:01 pm ET
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Nov. 6, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of value-added global communications services, today announced results for the periods ended September 30, 2003, Infonet's first half and second quarter of fiscal year 2004.
Revenue for the first half of fiscal 2004 was $300.3 million, compared with $290.1 million for the same period a year ago.
Excluding revenue from a completed outsourcing contract of $28.1 million in the first half of fiscal 2003, core revenue increased by 15% to $300.3 million in the first half of fiscal 2004 from $262.0 in the first half of fiscal 2003. Core revenue(1) represents 100% of revenue in the first half of fiscal 2004.
Revenue for the second quarter of fiscal 2004 was $151.3 million, compared with $142.8 million for the same period a year ago.
Excluding revenue from a completed outsourcing contract of $11.1 million in the second quarter of fiscal 2003, core revenue increased by 15% to $151.3 million in the second quarter of fiscal 2004 from $131.7 in the second quarter of fiscal 2003.
(1) Does not include revenues related to a European outsourcing contract completed in September 2002.
Total operating expenses for the first half of fiscal 2004 decreased to $337.4 million from $357.3 million a year ago. Total operating expenses for the second quarter of fiscal 2004 increased to $168.8 million from $155.4 million a year ago.
Operating expenses for Infonet's core -- non-outsourcing contract -- business were $337.4 million during the first half of fiscal 2004 compared to $336.3 million in the first half of fiscal 2003, an increase of $1.1 million. Core operating expenses represent 100% of expenses in the first half of fiscal 2004. Operating expenses for the first half of fiscal 2003 included bandwidth write-offs and bad-debt expense resulting from the bankruptcy of resellers of $47.5 million. Operating expenses for Infonet's core -- non-outsourcing contract -- business for the second quarter of fiscal 2004 were $168.8 million compared to $147.2 million during the second quarter of fiscal 2003, an increase of $21.6 million, or 15%. This increase was primarily due to higher local access costs.
Communications services costs and integration and provisioning costs relate more directly to revenue than other expenses. These two cost elements amounted to 51% of fiscal 2004 first half revenues. Our bandwidth and related, network operations and SG&A expenses are more leveragable and these expenses vary less in proportion to the revenue.
Communication Services Costs
Communication services costs decreased to $47.1 million in the first half of fiscal 2004 from $53.8 million in the comparable period of fiscal 2003, primarily as a result of the completion of the European outsourcing contract.
Communication services costs excluding the completed outsourcing contract increased to $47.1 million in the first half of fiscal 2004 from $38.7 million in first half of fiscal 2003, an increase of 22%. In the first half of fiscal 2004, communications services costs as a percentage of core revenue increased to 16%, from 15% in the first half of fiscal 2003.
Communication services costs increased to $25.6 million in the second quarter of fiscal 2004 from $24.6 million in the second quarter of fiscal 2003.
Communication services costs excluding the completed outsourcing contract increased to $25.6 million in the second quarter of fiscal 2004 from $18.6 million in second quarter of fiscal 2003. In the second quarter of fiscal 2004, communications services costs as a percentage of core revenue increased to 17%, from 14% in the second quarter of fiscal 2003.
Integration and Provisioning Costs
Integration and provisioning costs increased to $106.3 million in the first half of fiscal 2004 from $79.2 million in the comparable period of fiscal 2003.
Excluding $6.0 million in costs from the completed outsourcing contract, the increase was $33.1 million, or 45%, largely due to increased integration and provisioning activities by which we incur expenses in connection with the generation of revenue.
Integration and provisioning costs increased to $52.1 million in the second quarter of fiscal 2004 from $40.1 million in the comparable quarter of fiscal 2003. Excluding $2.2 million in costs from the completed outsourcing contract, the increase was $14.2 million, or 37%, largely due to increased integration and provisioning related activities by which we incur expenses in connection with the generation of revenue.
Bandwidth and Related Costs
Bandwidth and related costs decreased to $52.7 million in the first half of fiscal 2004 from $92.9 million in the first half of fiscal 2003, and remained at $26.0 million in the second quarter compared to last year's fiscal second quarter. There was a $40.8 million asset write-off during the first half of fiscal 2003.
Excluding the asset write-off in the prior year, bandwidth and related costs were essentially unchanged in the first half of this fiscal year as compared to the same period last fiscal year.
Network operations expense increased to $61.1 million in the first half of fiscal 2004 from $53.7 million in the first half of fiscal 2003, an increase of 14%, and increased to $30.4 million in the second quarter of fiscal 2004 from $27.4 million in the second quarter of fiscal 2003. As a percentage of core revenue, network operations expenses have remained approximately the same in the first half of this fiscal year.
Selling, General and Administrative
Selling, general and administrative expenses declined to $70.2 million from $77.7 million in the first half of fiscal 2003, and to $34.6 million from $37.3 million in the second quarter of fiscal 2003. There was approximately $6.7 million in bad debt expense write-offs resulting from reseller bankruptcies during the first half of fiscal 2003. Net of the bad debt expense write-off, SG&A expenses declined by $0.8 million in the first half from the same period in fiscal 2003.
Depreciation, Amortization and Asset Write-off
Depreciation and amortization for the first half of fiscal 2004 was $38.5 million, compared to $38.8 million in the first half of fiscal 2003. The company also recorded $40.8 million in asset write-offs in the first half of fiscal 2003.
Depreciation and amortization for the second quarter of fiscal 2004 was $18.9 million, compared to $19.1 million in the second quarter of fiscal 2003.
Operating Income, Net Income, EPS
Infonet's operating loss decreased to $37.0 million in the first half of fiscal 2004 from $67.2 million in the first half of fiscal 2003, which included an asset write-off and bad debt expenses of $47.5 million. Operating loss increased to $17.5 million in the second quarter of fiscal 2004 from $12.6 million in the comparable quarter of fiscal 2003.
Net loss for the first half of fiscal 2004 totaled $37.0 million, or a loss of $0.08 per share. In the first half of fiscal 2003, Infonet recorded a net loss of $42.6 million, or a loss of $0.09 per share, reflecting the write-off of network assets and higher bad debt expense. Net loss for the second quarter of fiscal 2004 totaled $17.2 million, or a loss of $0.04 per share. In the second quarter of fiscal 2003, Infonet recorded a net loss of $6.2 million, or a loss of $0.01 per share.
Other Operating Highlights
The cash outlay for capital expenditures for the first half of fiscal 2004 totaled approximately $33 million, compared with $21.6 million in the comparable period of fiscal 2003.
The cash outlay for capital expenditures for the second quarter of fiscal 2004 totaled approximately $16 million, compared with $9.1 million in the comparable quarter of fiscal 2003.
We expect capital expenditures for the fiscal year to be below the previously forecasted level of 13% of revenues.
During the first half of fiscal 2004, Infonet added 424 new client service contracts, compared with 355 new client service contracts during the first half of fiscal 2003. Of the new contracts added in the first half of fiscal 2004, 287 were new clients and 137 represented additional sales to existing clients.
During the second quarter of fiscal 2004, Infonet added 244 new client service contracts, compared with 195 new client service contracts during the second quarter of fiscal 2003. Of the new contracts added in the second quarter of fiscal 2004, 175 were new clients and 69 represented additional sales to existing clients. Our overall churn rate (measured by annual revenue lost from clients who stop using our services entirely) continues to be below 5%, as it has been the past three years.
Balance Sheet and Cash Position
At September 30, 2003, Infonet's balance sheet reflected cash, cash equivalents and short-term investments totaling approximately $403 million, compared with $429 million at fiscal year-end March 31, 2003.
Stock Repurchase Program
Infonet's Board of Directors previously approved the expenditure of up to $100 million over 24 months to repurchase shares of the Company's common stock. Infonet repurchased approximately 758,000 shares in the second quarter of fiscal 2004 for $1.5 million at an average price of $1.96 per share. During the first half of fiscal 2004, Infonet had repurchased approximately 2.7 million shares for $4.4 million at an average price of $1.61 per share. As of September 30, 2003, Infonet had repurchased approximately 10.1 million shares since the inception of the program for a total of $19.2 million at an average price of $1.90 per share.
Jose Collazo, Chairman, President and Chief Executive Officer, said, "Our core revenue growth of 15% in the first half of the fiscal year shows that our strategy to continue to focus on the needs of our natural clients -- multinational entities -- is the right strategy for Infonet.
"Last year we went through multiple rounds of personnel reductions in order to more closely align our cost structure with our business model and our goal to reach profitability.
"As a result we are now in a better position to execute on our plan which calls for Infonet to grow revenues while generating increasing positive levels of operating income. This should, in future fiscal years, lead to a free cash flow positive position and then to positive net income.
"Infonet was recently named `Best in Class' by Telemark for the seventh consecutive time. This is an indication that, based on client surveys, we have not sacrificed on our commitment to delivering services of the highest quality while maintaining tight cost controls.
"Over the past month we have announced new services and relationships in the wireless (WI-FI) services and security arenas and plan to release additional new services over the next six months which will underscore our continued commitment to being the preferred provider for multinationals looking to deploy converged voice, video and data applications on a global basis.
"Our financial stability has helped us to launch new services and to keep our customer focus while delivering the highest quality services during difficult times. Furthermore, our strong cash position and lack of bank debt makes us an attractive partner for multinationals looking to outsource the running of their global applications on our global network services.
"All in all, these factors make me confident that Infonet will continue to be successful in its business."
Infonet's revenue in the Americas was $41.6 million in the second quarter of fiscal 2004 compared with $32.5 million in the comparable quarter of fiscal 2003, a growth of 28%.
Sales to new clients in Americas in the second quarter of fiscal 2004 include 32 new client contracts: 24 from new clients and 8 representing additional sales to existing clients. This compares with 31 new contracts signed in the second quarter of fiscal 2003.
Infonet's revenue in Asia-Pacific was $22.1 million in the second quarter of fiscal 2004, compared with $22.7 million in the second quarter of fiscal 2003.
Sales to new clients in Asia-Pacific for the second quarter of this fiscal year included 84 new client contracts: 64 from new clients and 20 representing additional sales to existing clients. This compares with 37 new contracts signed in the second quarter of fiscal 2003.
Europe, Middle East and Africa (EMEA)
Infonet's EMEA revenue was $87.6 million in the second quarter of fiscal 2004 unchanged from the second quarter of fiscal 2003. The second quarter fiscal 2003 revenue included $11.1 million in European outsourcing revenue. Excluding this amount, EMEA revenue grew by 15% compared with the second quarter of fiscal 2003.
Sales to new clients in EMEA for the second quarter of this fiscal year include 128 new client contracts: 87 from new clients and 41 representing additional sales to existing clients. This compares with 127 new contracts signed in the second quarter of fiscal 2003.
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|To: Eric S. who started this subject||11/18/2003 8:41:47 AM|
|Infonet Announces Managed Site Protection and Vulnerability Analysis Services Security Offering|
Tuesday November 18, 8:08 am ET
Commercial Alliance with Internet Security Systems Company Combines Global Intelligence and Management Expertise of Two World Leaders in Enterprise Network Security
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Nov. 18, 2003-- Infonet Services Corporation (NYSE:IN), a leading provider of communications services for multinationals, today announced the addition of two new services, Managed Site Protection Service and Managed Vulnerability Analysis, to Infonet's previously announced Managed Security Services, a unique portfolio of fully managed end-to-end security capabilities designed specifically to help mitigate network security vulnerabilities and prevent attacks on corporate data assets.
Provided through an alliance with Internet Security Systems, Inc. (ISS) (Nasdaq:ISSX), a world leader in security solutions that protect against Internet threats, Infonet's Managed Site Protection Service monitors a corporation's internal traffic for potential threats, unauthorized access and malicious activities originating from both within and outside the network firewall. Online security personnel provide a 24/7 expert response within 15 minutes when serious threats are detected anywhere in the world, thereby minimizing the risk to the corporation.
Managed Vulnerability Analysis is a scanning service that performs scheduled and on-demand scans of the Internet facing edge of client networks, detecting security vulnerabilities and exposures before cyber criminals can exploit them, helping corporations reduce online business risks.
Working closely with Internet Security Systems, Infonet is able to provide real-time network security intelligence for both services, delivering Global Detection and Local Protection for clients. Both Managed Site Protection Service and Managed Vulnerability Analysis provide 24/7 comprehensive global protection and security intelligence, backed up by stringent Service Level Agreements, from which security vulnerabilities and breaches can be identified, closed down and the corporate IT assets secured.
These services complement the existing, and previously announced, client based SSL and Mobile IPSec managed security services. Both are also fully integrated with Infonet's extensive VPN security services that deliver encryption, authentication, digital-certificate and firewall technology, providing multinationals a single source for end-to-end managed security solutions with consolidated billing and in country support in more than 70 countries.
Such a comprehensive security portfolio from Infonet allows multinationals to effectively outsource high-end security services to optimize their Return On Investment (ROI), based on internal resource, focus and capabilities.
"ISS is pleased to be working with Infonet to provide their global client base with enhanced Managed Security Services," said Alex Bogaerts, President of Internet Security Systems' Europe, Middle East and Africa operations. "In an effort by network solutions providers to satisfy the growing needs of their end users to protect critical online assets, ISS is seeing an increase in the addition of Internet security to standard offerings. Working with ISS, a company world-renowned for its security expertise and know-how, is a logical step."
"Through our alliance with Internet Security Systems, a true world leader in Internet security, multinationals now have access to two more exceptional security solutions enhanced by the combined intelligence and management expertise of both of our companies," said Martin Dipper, Vice President of Security Services for Infonet. "Managed Site Protection Service and Managed Vulnerability Analysis provide additional security across the multinational network, giving our clients two more highly effective, cost efficient options for increasing their levels of security and responding to the growing risks posed to global business."
With general availability expected in the first quarter of 2004, Infonet's Managed Security Services are both flexible and customizable, allowing multinationals to cost-efficiently outsource the management, staff, tools and expertise needed to create and enforce enterprise-wide security initiatives. In addition, all customized security services are fully integrated and designed to complement Infonet's portfolio of value added network service offerings.
About Internet Security Systems
Internet Security Systems, Inc. (ISS) is the trusted expert to global enterprises and world governments providing products and services that protect against Internet threats. An established world leader in security since 1994, ISS delivers proven cost efficiencies and reduces regulatory and business risk across the enterprise for more than 11,000 customers worldwide. ISS products and services are based on the proactive security intelligence conducted by ISS' X-Force(TM) research and development team -- the unequivocal world authority in vulnerability and threat research. Headquartered in Atlanta, Internet Security Systems has additional operations throughout the Americas, Asia, Australia, Europe and the Middle East. For more information, visit the Internet Security Systems Web site at iss.net or call 800-776-2362.
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|To: Eric S. who started this subject||12/2/2003 8:58:56 AM|
|Infonet Provides Real-Time Performance Monitoring of IT Software and Systems Via New Enterprise Management Service|
Tuesday December 2, 8:09 am ET
Comprehensive Monitoring and Reporting Service Gives Multinationals End-to-End Insight into Application, Infrastructure and Network Performance
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Dec. 2, 2003-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced the introduction of Infonet's Enterprise Management Service, a new, robust portfolio of fully managed monitoring, management and reporting offerings. A true end-to-end offering, Enterprise Management Service provides global enterprises with complete visibility into all of the critical components that deliver application functionality to end users worldwide, including networks (local, metro and wide area), servers, security devices and the enterprise applications themselves.
"Communications service providers increasingly seek to play a larger role in enterprise customers' networking infrastructures -- moving beyond supplying bandwidth to ensuring the delivery and performance of enterprise applications and business processes," said Melanie Posey, Program Manager, Web Hosting and Managed Network Services, IDC. "To do this, however, requires the combination of network components with management and monitoring capabilities to provide holistic, end-to-end visibility into the entire business function."
With Enterprise Management Service, Infonet is able to extend the demarcation for monitoring, management and reporting beyond the traditional point in advanced, global, managed network services such as ports, premise routers and access circuits. By doing this, Infonet can provide multinationals with flexible outsourced services covering their infrastructure and applications systems (both off-the-shelf and proprietary).
The three facets of the Enterprise Management Service are:
FirstWatch: through a strategic relationship with NUVO Network Management, Inc. (TSX Venture Exchange:NNM - News), Infonet is able to provide detailed monitoring and performance reporting for customer-owned infrastructure, including network components (routers, hubs, switches), servers, security devices and IP/legacy PBX telephony equipment. FirstWatch is currently being offered with limited availability, with global availability following in the coming months.
FirstAlert and FirstAlert-Premise: for real-time visibility into the performance of Infonet-provided service components, including all VPN services (IP VPN Secure, Dedicated Internet Access, Global Frame Relay, FlexIVPN, Global ATM), MobileXpress(TM) mobility services, IP Voice and IP Video VPN Multimedia services, as well as the backbone technologies (IP VPN, Global Frame Relay, Global ATM) that support all of Infonet's managed communications services. FirstAlert and FirstAlert-Premise will supersede the existing Infonet services known as PerspeXion and SiteWise.
Applications: Infonet will extend the current Enterprise Management Service offering in the coming months to include monitoring and performance reporting capabilities for more than 2,000 leading off-the-shelf and proprietary e-business applications.
All Enterprise Management Services are delivered via Infonet's "my.infonet.com" Web portal. Depending on the requirement, an enterprise may use any Enterprise Management Service individually or in combination with each other. When all three services are used together, Infonet provides complete real-time visibility into the performance of key enterprise applications and all the components required to deliver these applications to end users worldwide.
"The complexity of monitoring, managing and reporting on the numerous and diverse components required to deliver enterprise application functionality to a globally dispersed user population is definitely increasing. Selectively outsourcing various components of that global delivery vehicle can result in a patchwork of monitoring capabilities that negatively impact the IT department's ability to offer a consistent end-user experience," said Bob DaGiau, Vice President, Channel Marketing, Infonet. "Infonet's Enterprise Management Service gives multinationals a flexible, effective and holistic view of the entire enterprise application "supply chain," enabling the organization to focus on other key strategic initiatives."
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|To: Eric S. who started this subject||12/9/2003 8:23:38 AM|
|Cegetel Chooses Infonet To Extend Its Global Enterprise MPLS Offering|
Tuesday December 9, 8:02 am ET
French Fixed Communications Provider Offers MPLS Enabled IP Services in 55 Countries via Infonet's The World Network(R)
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Dec. 9, 2003-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced a partnership with Cegetel, the first private operator of fixed communications services in France. Under the terms of the agreement, Cegetel has partnered with Infonet to extend its enterprise MPLS (Multi-Protocol Label Switching) IP VPN offering globally to more than 55 countries, via the private IP infrastructure of Infonet's wholly-owned and operated The World Network.
Under the offering named "Fedelan", Cegetel's multinational clients are now able to globally interconnect their various locations and mobile users, as well as customers and business partners with the inherent flexibility, scalability and security of IP MPLS service.
Similar to Cegetel's national "Fedelan" offering, the new global option includes the installation of a physical line for accessing the IP MPLS network, a router device or router modem, and associated services including Class of Service (CoS), network performance tracking and technical support, all at competitive flat rates. A high throughput interconnection gateway between Cegetel's network and Infonet's The World Network ensures high quality any point to any point IP MPLS service.
In selecting Infonet as its partner, Cegetel recognized Infonet's high priority to quality of service, and to the synergy of both companies' approach to value added communications solutions. "This partnership looks to be extremely beneficial for both of our companies, as both our geographical coverage and our collective experience in providing IP MPLS service complements each other," said Alain Morgant, chief executive officer of Infonet France.
In a press presentation on September 30, 2003, Michele Guren, chief executive officer of Cegetel's Enterprises Division, emphasized the marked improvement during 2003 of Cegetel's enterprise IP VPN offering. At that time, he stated that, "The number of corporate locations interconnected through Cegetel's IP MPLS offering increased by more than three times in 2003."
Through this non-exclusive partnership, Cegetel and Infonet are better able to respond to the global requirements of multinationals, primarily based in France (defined as companies having at least 60% of locations occurring within France). Cegetel estimates that for 13% of these companies the ability to extend their IP network to international locations remains a decisive factor in their choice of global communications provider.
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|To: Eric S. who started this subject||1/6/2004 8:34:43 AM|
|UCB Group Extends Its Long-Term Relationship With Infonet|
Tuesday January 6, 8:07 am ET
BRUSSELS, Belgium & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Jan. 6, 2004--
Belgium's Premier Pharmaceutical and Chemical Company
Extends Contract with Infonet; Utilizes Infonet
to Link 60 Locations Across 35 Countries
Infonet Services Corporation (NYSE:IN), a leading provider of global communication services for multinationals, today announced that it has been awarded an extension on its contract to provide network services to UCB Group, the Belgium-based pharmaceutical and chemical group. Under the terms of the agreement, Infonet will provide UCB Group with global Intranet and Extranet services for more than 60 of the company's locations in Europe, Asia and North and South America.
The UCB Group was created in 1928 under the name Union Chimique Belge. It is currently one of the largest pharmaceutical and chemical concerns in Belgium, operating globally and employing more than 10,300 workers. The business areas of the Group were historically focused on three industrial fields: Pharmaceutical, Chemical and Film. With the recent acquisition of Solutia's resins, additives & adhesives business, UCB now sits as a strong global provider of environmentally friendly resins for industrial coatings, specialty coatings and graphic arts.
With this new focus, UCB finds itself aggressively seizing new market opportunities across the globe and expanding rapidly in Europe, Asia and The Americas. With this expansion came the need for a global network service provider and partner that would be able to help shape the future of UCB's ever-growing global communication network.
After an evaluation period of global network service providers, UCB Group chose Infonet, its provider of choice for more than seven years, to extend its contract and guide the company through its period of expansion. UCB chose Infonet because of the high quality of service Infonet has been providing UCB with since 1996, its ability to provide competitive pricing without compromising quality and its easy and seamless adaptation of new network technologies. The high level of flexibility from Infonet Belgium's sales and support staff as well as the responsiveness from Infonet's local support staff around the world were also decisive criteria.
UCB's choice reflects Infonet's ability to provide successful Private Intranet, Public Internet and mobile workplace solutions to their workers around the world.
"Infonet particularly values the opportunity to provide network services to corporations on a long-term basis. It allows both parties to grow together, and in the long-run, it allows us as a network service provider to better innovate and respond for clients like UCB Group," said Michel Vervoort, general manager for Infonet Belgium. "We welcome this opportunity to continue helping UCB maintain its global network, and look forward to building upon our relationship in the years to come."
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|To: Eric S. who started this subject||1/13/2004 8:52:48 AM|
|Infonet Deploys IP Platform for Bank Owned by the State of Luxembourg to Access SWIFTNet|
Tuesday January 13, 8:34 am ET
BCEE, A Leading International Bank, Selects Infonet to Provide Secure Access to SWIFTNet Messaging Platform
LUXEMBOURG & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Jan. 13, 2004-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced that in cooperation with its local partner P&T Luxembourg, it has completed an IP implementation for one of the leading banks in Luxembourg, Banque et Caisse d'Epargne de l'Etat (BCEE), to provide it with access to the SWIFT backbone network underpinning SWIFTNet. SWIFT is the industry-owned cooperative that supplies secure messaging services to approximately 7,000 financial institutions in nearly 200 countries.
BCEE is a universal bank owned by the State of Luxembourg that is recognised throughout the world for its reliability and successful financial performance. As a global financial institution, BCEE needs to manage many of its critical financial transactions through SWIFT. With high requirements for service and security, BCEE turned to Infonet to provide it with a reliable, next-generation access method to SWIFT.
According to the agreement, Infonet is providing BCEE with access to SWIFTNet, an advanced IP-based messaging platform that enables secure and reliable communication of mission-critical financial information and transactional data. The Infonet access solution for BCEE combines the security of a private network with the flexibility of the Internet, allowing high-risk operations, such as inter-bank trading activities to be executed over the Infonet-managed MPLS IP network.
"Like all global banks, we strive for optimum network security and end-user support," said Tom Goerens, SWIFTNet migration project manager at BCEE. "We are pleased to work with Infonet to ensure BCEE maintains its leadership in international banking while participating in key industry initiatives, such as SWIFT."
"Access to and effective use of SWIFT and SWIFTNet was of the utmost importance for BCEE. By nature its use could be considered the very definition of a mission-critical application," said David Neal, vice president at Infonet Services Corporation. "We are proud that BCEE recognised our expertise in providing and managing IP access to SWIFTNet and we look forward to continued success with SWIFT implementations in the future."
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