Crescent Networks and NTT-ME Sign Partnership for Japan Serivce Provider Market; NTT-ME to Offer Virtual Routed Networking Solution Powered by Crescent Networks.Business/Technology Editors LOWELL, Mass.--(BUSINESS WIRE)--March 28, 2002 Crescent Networks and NTT-ME, an affiliate of the NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform group and a leading provider of innovative Broad Band Network solutions and IP-VPN services, announced today the execution of an agreement that appoints NTT-ME as the master distributor for Crescent Networks' award winning VRX-1000(TM) Service Edge Router and C-View Services Manager(TM) products in Japan. Together, these products permit NTT-ME's service provider customers to deploy managed network services and dedicated internet access services with a faster time to service and revenue at a cost point never possible before. "The demand for managed networked services (VPNs) is growing very rapidly in Japan," said Mr. Atsushi Yano, Vice President of Broadband Media Business of NTT-ME. "The Crescent VRX-1000 Service Edge Router and C-View Services Manager products will allow NTT-ME to meet the needs of our service provider customers for a scalable and flexible network solution that allows them to profitably expand availability of their IP VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. and Dedicated Internet Access services." Furthermore, Mr. Yoshito Kandani, NTT ME's Manager, Network System Business Group stated, "After evaluating equipment from other vendors, we concluded that Crescent's products represent a best-of-class virtual routing solution for VPN and dedicated internet access services." As part of the agreement, Crescent Networks has shipped revenue products to Japan. NTT-ME will sell and provide both pre-sales system integration services and post-sales support for Crescent's products to service providers throughout Japan. In addition, NTT-ME is targeting an annual product sale of 1 billion yen (approximately $8 million). Gerald Wesel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Crescent Networks stated, "The Japanese Internet market holds great potential in 2002 for Crescent's VRX-1000 Service Edge Router and C-View Services Manager. Crescent Networks is pleased to partner with NTT-ME, the premier sales and support organization in Japan with 18,000 employees and 380 service centers." JAFCO Ventures, a current investor in Crescent Networks, provided important market analysis and business development services for the Japanese market. "As a result of working closely with the JAFCO team, Crescent Networks was able to assess the Japanese market quickly and identify NTT-ME as the ideal partner for Crescent Networks," stated Wesel. About Crescent Networks Crescent Networks, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Lowell, Massachusetts. With 17 patents pending, Crescent Networks' VRX-1000 Service Edge Router integrates the functions of a large number of conventional edge routers into a single scalable system for service provider central office (CO) and point-of-presence (POP) locations. Because a single VRX VRX Virtual Resources Executive VRX Voice Receive Mode 1000 supports an unprecedented 1,000 separate and distinct, full intranet scale virtual routers with ingress and egress See ingress. policing, a variety of access and core physical interfaces and routing protocols, service providers can siginifcantly reduce their current levels of capital expense required for deploying a wide range of data networking applications, including: -- Managed Network Services -- Dedicated Internet Access service -- Managed IP Intranet and Extranet services (VPN) -- IP-enabled Frame Relay services -- Wholesale carrier-to-carrier routed services Crescent Networks' C-View Services Manager is an Oracle-based service provisioning network management product that allows NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, personnel to rapidly provision managed network services and dedicated internet access faster and easier than ever before, while eliminating configuration errors by comparison to CLI-based solutions. C-View's intuitive graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ) hides the complexity typically found with CLI-based systems and provides open API interfaces to operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such (OSSs) (e.g. Micromuse Netcool (TM)) and directories. Additionally, a web-based customer order entry tool accommodates a back office workflow system, which is tightly coupled with the provisioning system. Together, the VRX-1000 Service Edge Router and C-View Services Manager won Best of Show at the most recent Supercomm trade show for The Most Promising Backbone/Edge Networking Equipment for Public Networks. http://www.crescentnetworks.com. About NTT-ME NTT-ME Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NTT Group, is a one of the largest telecommunications network integrators in Japan. The company operates and maintains the backbone network of NTT, the largest telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. in Japan, and offers IP virtual private networking (VPN) services in the Japanese market. Based in Tokyo, NTT-ME has over 18,000 employees. |
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