Tuesday August 4, 10:10 am Eastern Time
Company Press Release
Newbridge Networks Selected to Build IXnet's ATM Network,
Providing Advanced Data Services to the Global Financial Community
NEW YORK and KANATA, Ontario--(BUSINESS WIRE)--Aug. 4, 1998--Newbridge (NYSE:NN - news; TSE:NNC -
news) Newbridge Offers Scalable, Reliable Multi-Services Solution to Meet Worldwide Demand for Sophisticated Data
Services.
IXnet, a New York-based network service provider, today announced that it has selected Newbridge Networks to install its
first asynchronous transfer mode (ATM) network that will enable IXnet to meet its customers' demand for sophisticated
multimedia services, such as Liquidity an extranet for distributing independent on-line trading applications and market data to
financial institutions around the world.
IXnet's core business includes a global network that links hundreds of banks, brokerage houses, and other financial firms
throughout the world. The company has traditionally offered its customers a wide range of services, from managed private
lines to complex private network solutions, such as ''hoot-and-holler'' networks which provide open phone connections
between groups of traders in cities around the world. The increased demand from Ixnet's customers to have access to more
high-speed, advanced applications that combine text, video, graphics and voice services has grown exponentially, resulting
in the need to deploy a high-speed, ATM multi-services platform.
''Financial trading firms are extremely demanding customers,'' said Chuck Auster, Executive Vice President and Chief
Operating Officer, IXnet. ''They're most interested in network reliability and performance. The MainStreetXpress ATM
technology being provided by Newbridge Networks will deliver unmatched network performance for IXnet worldwide.''
The Newbridge (R) solution offers flexibility, scalability and reliability, key ingredients that enable IXnet to customize and
upgrade its network easily and cost-effectively as the needs of its clients continue to change. With its customers located in
more than 25 countries, the standards-compliant network platform enables IXnet to establish new network connections with
exceptional speed and seamlessly handle client networking needs from origin to destination through a 'point and click'
graphical user interface.
''We feel that the Newbridge ATM technology is the best choice for IXnet,'' said Bob Woog, Senior Vice President,
Business Development, IXnet. ''Not only is the Company's technology top rate, they understand our business and the
needs of our customers -- the financial community.''
IXnet's new ATM network is comprised of the Siemens / Newbridge MainStreetXpress (TM) 36170 Multiservices Switch,
a high-capacity multi-service, multi-access platform designed to support native cell relay, frame relay, broadcast quality
video, local area network (LAN) internetworking and Internet Protocol (IP) services.
IXnet's network is managed by the industry-leading MainStreetXpress 46020 Network Manager. The MainStreetXpress
46020 Network Manager will handle IXnet's multi-service network management capabilities, which include network
monitoring, technical support and troubleshooting. This enables operators to control network equipment using
point-and-click path and parameter configuration. Operators can remotely configure nodes, monitor real-time operations, set
up and manage path routes, perform diagnostics, and isolate and manage conditions that may affect the network's efficiency.
''We are pleased to have an opportunity to work with IXnet once again and design a dynamic, highly scalable, flexible
network that can be adapted quickly and easily to meet the precise and ever-changing communications requirements of the
company's growing financial customers,'' said Jim Arseneault, Vice President, Solutions Group, Newbridge Networks.
Newbridge Networks (NYSE: NN, TSE: NNC) designs, manufactures, markets and services networking solutions to
organizations in more than 100 countries. Newbridge leverages its relationship with 16 Affiliate companies and strategic
alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the
world's 250 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 five continents. News and
information are available at www.newbridge.com.
IXnet is a subsidiary of IPC Information Systems, Inc. (AMEX: IPI - news), a world leader in providing integrated
telecommunications equipment and services that facilitate the execution of transactions by the financial trading community.
Its patented digital Tradenet MX (R) turret is the most widely installed voice trading system in the world. IXnet operates an
international voice and data network, providing a variety of dedicated private line, managed data and switched voice
services, which have been specifically designed to meet the specialized telecommunications requirements of the financial
trading community. In addition, IPC installs and services the cabling infrastructure and networks which provide financial
traders with desktop access to time-sensitive communications and data. For more information, visit IXnet's web site at
www.ixnet.com or IPC's site at www.ipc.com.
Newbridge, logo are registered trademarks of Newbridge Networks Corporation.
MainStreetXpress is a trademark used by the Siemens / Newbridge alliance for comprehensive solutions in broadband
communication. No agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by the
use of the term alliance.
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