NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: NEWBRIDGE NETWORKS CORPORATION
TSE SYMBOL: NNC
NYSE SYMBOL: NN
OCTOBER 12, 1999
Newbridge Networks Chosen by IXnet for Global Financial
Services Extranet Expansion
GENEVA, TELECOM 99--Fully Managed Newbridge(r) Broadband
Multiservice Platform Selected; Equipment Also Being Located on
IXnet's Customer Premises Around the World
Newbridge Networks (NYSE: NN; TSE: NNC) today announced that New
York-based IXnet, a leading global network services provider for
the financial community, has selected Newbridge equipment for
major components of its extranet expansion.
As part of a new series of agreements, Newbridge will provide
IXnet with additional MainStreetXpress(tm) 36170 Multiservices
Switches, a flexible, broadband multiservice platform, for all
IXnet frame relay, and content and trading systems distribution
services. In addition, utilizing the Newbridge(r) MainStreetXpress
46020 Network Manager, IXnet is able to offer fully managed
end-to-end advanced leased line and asynchronous transfer mode
(ATM) solutions worldwide to the more than 500 financial services
firms on its network.
IXnet has also selected the Newbridge 3645 MainStreet(r) Bandwidth
Manager, a high-capacity multiplexer device, as a component of
its program to deliver integrated voice and data communications to
all customer sites. The combination of this equipment allows IXnet
to deliver and manage a multitude of network functionality around
the world, 24 hours a day.
"Newbridge continually sets the standard for innovation and
reliability in the high performance network operations and
management arena," said David Walsh, chief executive officer,
IXnet. "Newbridge has been a proven part of our success and
growth, and these recent agreements are an endorsement of our
relationship with Newbridge. The financial community is very
demanding. They are dealing with mission-critical applications and
there is no space for errors or network downtime. We selected
Newbridge as our supplier in building our next-generation extranet
because we recognized that the stability and flexibility inherent
in the Newbridge product line would enable us to meet our
customers' expectations."
"Newbridge is pleased to play a role in IXnet's success," said
Giulio Gianturco, executive vice president, North and South
America, Newbridge Networks. "The suite of products and services
we offer allows IXnet to meet its service level guarantees with
robustness and scalability - ensuring IXnet the freedom to expand
its service footprint as its global extranet continues to grow."
IXnet (Nasdaq: EXNT), a network services company, provides a high
performance global extranet designed exclusively for the financial
community. Through a single connection, IXnet delivers end-to-end
multiple data and voice communications solutions around the world,
24 hours a day. Customers get voice and data connectivity, plus
financial content and transactional capabilities, through the
IXnet extranet without having to access multiple disparate public
networks or rely on multiple customer service organizations.
IXnet's customers comprise more than 500 financial services firms
located in 34 countries. For more information about IXnet, please
visit ixnet.com.
Newbridge Networks designs, manufactures, markets and services
wide area networking solutions for Internet service providers;
local, long-distance, and wireless communications companies; cable
television carriers; and enterprise customers in more than 100
countries. The Company leverages its relationship with a growing
family of Newbridge Affiliate companies and strategic alliances
with numerous other networking companies to deliver complete,
end-to-end solutions. Newbridge customers include the world's 350
largest telecommunications service providers and more than 10,000
corporations, government organizations and other institutions.
Founded in 1986, the Company employs more than 6,000 people on six
continents. News and information are available at
www.newbridge.com. |
