Allianz of America Signs Four-Year Contract with AT&T for Managed Network Services.NOVATO, Calif. -- AT&T Inc. (NYSE NYSE See: New York Stock Exchange : T) has announced that Allianz of America (AZOA), parent company of Fireman's Fund Insurance Company Fireman's Fund Insurance Company is a Novato, California-based insurance company owned by Allianz SE of Germany. It was founded June 18 1863 and issued its first policy to Walter Hawxhurst covering one half interest in 1,000 kegs of Boston syrup for a premium of $12. and Allianz Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , has signed a new four-year managed network services agreement with AT&T, valued in excess of $70 million dollars. AT&T currently provides managed network services to Fireman's Fund([R]). The expanded business relationship extends services to Allianz Life and includes the flexibility to integrate additional Allianz operating entities in the future. While improving the service that is available to both companies, the scale of the new contract allows Fireman's Fund and Allianz Life to achieve significant synergy savings on their telephone network services. "We are very pleased with the flexibility of AT&T to customize network solutions to meet the business requirements of AZOA's new shared-services organization," said Oliver T. Bussmann, AZOA chief information officer. "This is essential in all of our relationships. AT&T met the exceptional price/performance ratios that are critical to success with Allianz." As a result of this expanded relationship between the two companies, AZOA will accelerate its plans to use a converged Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. network infrastructure. AT&T will deliver improved network performance, enhanced application distribution and access as well as significant operational benefits. The agreement includes AT&T's full portfolio of managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality : local area network, Multiprotocol Label Switching (networking) Multiprotocol Label Switching - (MPLS) A packet switching protocol developed by the IETF. Initially developed to improve switching speed, other benefits are now seen as being more important. wide area network, Internet Protocol telephony, security, Internet, remote access and mobility management network services. "We look forward to complementing and expanding the breadth of industry-leading capabilities and technologies of AZOA's new shared IT services business initiative," said John Finnegan, AT&T senior vice president, Global Enterprise Business Sales. "AZOA's business model sets high standards for innovation, operational efficiencies and improved customer service." The agreement renews and expands a long-standing relationship between the two companies that spans more than three years. Note: This AT&T release and other news announcements are available as part of an RSS feed Summaries of Web site content that are published in the RSS format for download. See RSS. at www.att.com/rss. About Allianz of America Allianz of America (AZOA), based in Novato, Calif., is the parent of Fireman's Fund Insurance Company and Allianz Life Insurance Company of North America. AZOA is a member of the Allianz Group (NYSE: AZ), one of the world's largest providers of insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . About AT&T AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . (c) 2007 AT&T Knowledge Ventures. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom. |
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