Gary, I did not see this on the other thread..WCOM/CSCO.. WorldCom, Cisco in B2B
venture
By CBS MarketWatch
Last Update: 1:55 AM ET May 9, 2000
NewsWatch
LAS VEGAS (CBS.MW) -- WorldCom and Cisco said
early Tuesday they have created a new
business-to-business network service called Business
Class IP Service.
The service will support e-business applications within
one company or between many companies, the
companies said in a statement. The venture will offer
scalable private any-to-any connectivity and will
ultimately support Web, application, and content
hosting.
"Business Class IP can leverage our
customers' existing network
investments and empower a new
generation of IP applications," said
Jim DeMerlis, WorldCom vice
president of Data and Enterprise
Product Marketing. "This is one of the
first, scalable network-based IP VPNs
to support business-to-business
applications with any-to-any
networking. Working with Cisco, we
have developed a service that will
enable customers to add new business
process functionality into their
networks, like enterprise resource
planning, while also serving as a
platform for business-to-business
e-commerce like supply chain
management."
The new Business Class IP Service is
a core component of WorldCom's
(WCOM: news, msgs) previously
announced "generation d" initiative,
under which the company is expanding its network and
transport e-business services.
The network-based service will be integrated with a
company's existing global frame relay and ATM
infrastructure.
"We are excited to be working with WorldCom to build
this new network, which realizes our shared vision of
New World services," said Kevin Kennedy, senior vice
president of Cisco's service provider line of business.
"By combining our service capabilities, management,
reliability, and flexibility we are delivering a complete
solution unmatched in the industry."
WorldCom said it can offer managed, secure IP
connectivity at significant savings from the real cost of
building and operating a private VPN.
Financial details of the venture were not disclosed.
Shares of WorldCom rose 9/16 to close at 43 7/16 on
Monday. Cisco (CSCO: news, msgs) shares fell 5 to 62 |
