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Gold Wire Announces Support For Nortel Networks Devices; Formulator Answers Multi-Vendor Challenge of Financial Services Networks.

Business/Technology Editors

Gold Wire Technology announced today that its Formulator(R) product family of network configuration control appliances supports Nortel Networks (NYSE: NT) Advanced Remote Node (ARN), Access Stack Node (ASN) and Backbone Node (BN) routers. Gold Wire Technology is the first company to provide multi-vendor, single sign-on network access and configuration control for routers, switches and firewalls in a single appliance. Formulator is the only solution currently available that can meet the network configuration control needs of multi-vendor network environments typically found in the financial services industry.

Gold Wire Technology's newest product, Formulator 200, will be unveiled later this year. It is currently in enterprise, financial services, government and service provider customer trials.

"Our market research has shown that networks operated by North American-based financial services organizations are typically multi-vendor, with Cisco and Nortel Networks products being particularly prevalent," said Jonathan Wolf, president and CEO, Gold Wire Technology. "Gold Wire Technology already supports Cisco devices. By adding support for Nortel Networks' devices, Gold Wire Technology has provided an answer to the network operations and configuration control challenges faced by most financial services organizations in North America."

Market analysis and research data from The Yankee Group and IDC predict that the market for network management solutions will be $2.7 - $3.2 billion by 2005.

The Formulator product family provides support for Nortel's widely deployed ARN, ASN, Backbone Link Node (BLN) and Backbone Concentrator Node (BCN) routers. A complete list is available through Gold Wire Technology at www.goldwiretech.com.

About Formulator

Formulator 200 is the industry's first network configuration control appliance. It merges configuration management and security into a single network appliance to maximize network availability and enhance security. This unique approach solves the twin challenges faced by network operators: increasing availability and enhancing security. Formulator is the only product available that provides operators with multi-vendor, real-time, centralized configuration control of network devices.

About Gold Wire Technology

Gold Wire Technology manufactures, sells and supports a family of purpose-built network configuration control appliances that provide increased availability and security to multi-vendor enterprise, government and service provider data networks. The Formulator product family provides centralized network access and configuration control for routers, switches and firewalls from Cisco Systems (NASDAQ: CSCO), Riverstone Networks (NASDAQ: RSTN), Nortel Networks (NYSE: NT) and others. Located in Waltham, MA, Gold Wire Technology can be reached at 1-888-585-9473 or at www.goldwiretech.com.

Gold Wire Technology and Formulator are trademarks of Gold Wire Technology, Inc. All other trademarks are the property of their respective owners.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 9, 2002
Words:419
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