Allegheny Energy Subsidiary and Genosys Launch Strategic Alliance.Business Editors HAGERSTOWN, Md.--(BUSINESS WIRE)--Jan. 27, 2000 Allegheny Communications Connect, Inc., the telecommunications subsidiary of Allegheny Energy Allegheny Energy (NYSE: AYE) is a traditional public utility based in the Pittsburgh suburb of Greensburg. It services communities in Western Pennsylvania, Western Maryland, Northern West Virginia, Northwest Virginia. , Inc. (NYSE NYSE See: New York Stock Exchange : AYE), today announced a new strategic alliance that will allow the Company to participate in an emerging segment of the telecommunications market and will help advance its goal to grow earnings through non-regulated opportunities. Allegheny Communications Connect is purchasing approximately 10 percent of Genosys Technology Management Inc., a recently formed network operation center services company initially funded by DB Strategic Ventures, a wholly-owned subsidiary of Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank A.G. The new enterprise will enable Allegheny to provide value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , such as around-the-clock network monitoring The term network monitoring describes the use of a system that constantly monitors a computer network for slow or failing systems and that notifies the network administrator in case of outages via email, pager or other alarms. and maintenance services, to customers of its growing fiber optic network. Allegheny Energy, Inc. is a diversified diversified (di·verˑ·s energy company headquartered in Hagerstown, Md. The Allegheny Energy family includes Allegheny Power, which delivers electric energy to about three million people in parts of Maryland, Ohio, Pennsylvania, Virginia, and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. ; Allegheny Energy Supply Company, which operates and markets competitive retail and wholesale electric generation and operates regulated electric generation for its affiliates; and Allegheny Ventures, which actively invests in and develops energy-related and telecommunications projects. Allegheny Communications Connect is a subsidiary of Allegheny Ventures. For more information, check out our web site at www.alleghenyenergy.com. Genosys Technology Management(TM) Inc., a global company, provides technology management solutions to companies seeking technically and economically superior alternatives to technology self-management. Genosys' intelligent Network Operation Centers(TM) (iNOCs(TM)) provide monitoring and fault resolution for clients' globally deployed technology and networks, 24 hours a day, 7 days a week, 365 days a year, or can provide off-hours support for clients' existing NOCs. Genosys also offers a variety of technology hosting services in their fully managed, secure hosting facilities. Available Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. include: technology and network solutions design and implementation, project management, technology audit and health check, and other &uot;technologycentric&uot; services. For more information, visit Genosys Technology Management's web site at www.genosys.net. |
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