Development Bank of Southern Africa Deploys Enterasys' Secure Network across 300 Sites.Business Editors/High-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--Feb. 4, 2004 Enterasys Networks This article or section contains information about scheduled or expected future events. It may contain tentative information; the content may change as the event approaches and more information becomes available. Inc. (NYSE NYSE See: New York Stock Exchange : ETS ETS Educational Testing Service (nonprofit private educational testing and measurement organization) ETS Emergency Telecommunications Service ETS Electronic Trading System ETS Engineering (&) Technical Services ), a global provider of Secure Networks(TM) for enterprise customers, today announced that the Development Bank of Southern Africa The Development Bank of Southern Africa (DBSA) is a Development Finance Institution based in South Africa that focuses on investments and joint ventures/partnerships in public and private sector financing, mainly for infrastructural development throughout Sub-Saharan Africa. (DBSA DBSA Depression and Bipolar Support Alliance DBSA Development Bank of Southern Africa DBSA Dodecylbenzene Sulfonic Acid DBSA Direct Broadcast Satellite Association DBSA Dual-Band Slot Antenna DBSA Deployed Baseline System Architecture ), a $307 million (U.S.) lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in servicing 14 countries in the Southern African Development Community The Southern African Development Community (SADC) is an inter-governmental organization. It furthers socio-economic cooperation and integration as well as political and security cooperation among 15 southern African countries. It complements the role of the African Union. (SADC SADC Southern African Development Community SADC State Agriculture Development Committee SADC St Albans District Council (administrative authority for St Albans, Hertfordshire, UK) SADC Sector Air Defense Commander ), has selected Enterasys WAN and LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. solutions to build a Secure Network spanning its 300 sites across Southern Africa
The DBSA's mandate is to address socio-economic imbalances and improve the quality of life of people living in South and Southern Africa. It does this by investing in infrastructure and other development projects across the region. As part of an ambitious strategy to aggressively grow DBSA's loan portfolio by 2005, the Enterasys solution powers the "Local Government Network" (LGNet), an information portal and communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. designed for local governments, municipalities and utilities - the DBSA's primary clients. LGNet creates an e-community for information sharing and collaboration by providing e-mail, Internet access See how to access the Internet. , live communications via instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or and portal-based services. This information sharing helps to accelerate development projects for physical infrastructure and, in turn, fosters economic development in the region. It also provides DBSA with timely, accurate information on its clients for risk assessment and capacity planning Determining the required future configuration of hardware and software for a network, datacenter or Web site. There are numerous capacity planning tools on the market used to monitor and analyze the performance of the current hardware and software. . And, because of Enterasys' Secure Networks solution, DBSA has pinpoint control over its network, protecting its information assets while ensuring that only authorized users participate in LGNet. "Previously, our staff would spend the majority of its time traveling around the region to meet with clients. Now, with our new infrastructure in place, we are utilizing the network to communicate with our clients faster and more efficiently," said Graham Tate, manager of information and technology services for The Development Bank of Southern Africa. "With Enterasys' Secure Networks solution, we have been able to build a state-of-the art network of virtual offices to improve our client contact and customer management processes, increase operational staff productivity, and facilitate access to local government knowledge and information. This will enable us to invest our resources faster and more effectively, and to speed the progress of development projects across the region." The network includes Enterasys' XSR XSR X-Band Scatterometer Radar Security Routers, including the XSR-3150 at the central site with XSR-1850s and XSR-1805s at regional locations to create a managed, secure WAN. The DBSA is also utilizing Enterasys' User Personalized Network to administer and enforce user and security policies in conjunction with Microsoft Active Directory, as well as provide single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. capabilities. Enterasys was selected based on its standards-based solution and cost effectiveness, as well as its broad range of integrated security features as part of the company's Secure Networks solutions approach. "The Development Bank of Southern Africa's LGNet is another example of an Enterasys Secure Network in action -- one in which security is pervasive across all elements of the network. Enterasys' Secure Networks approach is vastly superior to the traditional security method, in which security devices are added on to the existing infrastructure," said Mark Aslett, president, Enterasys Networks. "Our integrated approach enables customers to build high-performance, convergence-ready Secure Networks that deliver continuity and control for real-time business communications." About Enterasys Networks Enterasys Networks (NYSE: ETS) is a global provider of Secure Networks for enterprise customers. Enterasys' innovative network infrastructure offerings deliver the security, productivity and adaptability benefits required by Global 2000 organizations, coupled with the industry's strongest service and support. For more information on Enterasys and its products, including multilayer switches, core routers, WAN routers, wireless LANs, network management, and intrusion defense systems (IDS), visit enterasys.com. This press release contains projections and other forward-looking statements regarding the future revenue, cash flows and other financial performance of us or other future events and circumstances, and actual results, events and circumstances could differ materially. Such statements include, but are not limited to, statements reflecting management's expectations regarding our future financial performance; strategic relationships and market opportunities; and our other business and marketing strategies and objectives. These statements may be identified with such words as "we expect", "we believe", "we anticipate", or similar indications of future expectations. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties include, among other things, the following factors: the lingering effects of the recently settled SEC investigation and our financial statement restatements could materially harm our business, operating results and financial condition; worldwide economic weakness, deteriorating market conditions and recent political and social turmoil have negatively affected our business and revenues and made forecasting more difficult, which could harm our financial condition; we have a history of losses in recent years and may not operate profitably in the future; our quarterly operating results are likely to fluctuate, which could cause us to fail to meet quarterly operating targets and result in a decline in our stock price; we earn a substantial portion of our revenue for each quarter in the last month of each quarter, which reduces our ability to accurately forecast our quarterly results and increases the risk that we will be unable to achieve previously forecasted results; we may need additional capital to fund our future operations and, if it is not available when needed, our business and financial condition may be harmed; pending and future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. could materially harm our business, operating results and financial condition; the limitations of our director and officer liability insurance may materially harm our financial condition; our failure to improve our management information systems and internal controls could harm our business; we have experienced significant turnover of senior management and our current management team has been together for only a limited time, which could harm our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ; retaining key management and employees is critical to our success; there is intense competition in the market for enterprise network equipment, which could prevent us from increasing our revenue and achieving profitability; we may be unable to expand our indirect distribution channels, which may hinder our ability to grow our customer base and increase our revenue; we expect the average selling prices of our products to decrease over time, which may reduce our revenue and gross margins; we use several key components for our products that we purchase from single or limited sources, and we could lose sales if these sources fail to fulfill our need on a timely basis; we depend upon a limited number of contract manufacturers for substantially all of our manufacturing requirements, and the loss of any of our primary contract manufacturers would impair our ability to meet the demands of our customers; and those additional risks and uncertainties discussed in our most recent filings with the Securities and Exchange Commission, including our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 28, 2002. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date hereof. We expressly disclaim any obligation to publicly update or revise any such statements to reflect any change in these forward-looking statements, or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. |
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