Fidelity to Discuss How NetScout Systems Helped Company Deploy Bandwith Management Solutions
Business Wire - April 10, 2000 08:16
WESTFORD, Mass.--(BUSINESS WIRE)--April 10, 2000--
CIO Conference Presentation To Focus On How Usage-Based
Billing System is Being Used to Monitor Amount of Network
Resources Consumed By Each End-User
NetScout(R) Systems, Inc. (NASDAQ: NTCT), a global provider of business-critical network management solutions, today announced that Fidelity Investments will present on their use of NetScout's solutions at CIO magazine's "The Face of the Now Economy" conference April 16-19 in Naples, Florida. The discussion will focus on how NetScout enabled Fidelity to tackle the spiraling costs of network usage.
Fidelity Senior Vice President, Bobby Lie will explain how Fidelity is using Apogee's NetCountant solution in conjunction with NetScout's instrumentation to provide a usage-based approach to network billing. Continuing its aggressive business growth without losing control of network costs, Fidelity has been able to monitor the amount of resources consumed by each business unit and then bill the users accordingly. Reducing its wide-area network traffic by 17 percent, Fidelity saved $9.8 million in the first year.
"We are pleased that Fidelity has decided to share their experience with NetScout in creating a business-model of their enterprise network," said Anil Singhal, chairman and chief executive officer, NetScout Systems. "The combination of NetScout's instrumentation with Apogee's NetCountant solution enables the collection of statistical data in a large network environment, consisting of thousands of conversations. By combining this information with its user information base, Fidelity can generate invaluable reports that provide insight into areas of high bandwidth consumption and potential cost reduction."
Fidelity is using the NetScout solution to monitor application traffic across its wide area network (WAN). As the nation's largest mutual fund company, Fidelity has a vast data network infrastructure that supports over 30,000 employees and 70-plus business units worldwide. With the usage-based billing solution in place, Fidelity has been able to account for 95 percent of its WAN traffic by cost center, recognizing benefits such as increased application responsiveness, improved capacity planning and strengthened relationships with information technology customers.
Introduced by NetScout in August 1999, NetCountant is a part of the company's Application Flow Management (AFM) solution, which gives network managers comprehensive, real-time data necessary to manage networks and track the impact of application flows on business productivity. Based on award-winning technology from Apogee Networks, Inc., NetCountant helps organizations control costs by precisely tracking and managing network resources. Customers benefit from having a single source for management software, instrumentation, integration and support.
About NetScout Systems
NetScout Systems, Inc. (NASDAQ: NTCT) is a leading provider of network e-Frastructure management solutions. The company's hardware and software are critical to ensuring that companies' have the right network management tools in place to keep their e-businesses always up and running. NetScout also enables large enterprises to depend on their network to deliver other business-critical applications in areas such as enterprise resource planning and supply chain management. The Company's solutions are based on its unique Application Flow Management (AFM) technology, which uses the rich set of application traffic information collected by NetScout's instrumentation. NetScout's AFM solutions address network optimization and fault isolation, capacity management, application performance measurement & reporting, and usage-based billing. Headquartered in Westford, Massachusetts, NetScout has over 250 employees and offices in North America, Europe and Asia. Further information on the company is available on the World Wide Web at www.netscout.com
CONTACT: NetScout Systems
Kristen Bala
(978) 614-6037
balak@netscout.com
or
Miller Shandwick Technologies
Jen Vrettas
(617) 351-4181
jvrettas@miller.shandwick.com
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Well, this should get some oublicity out there.
Jack |
