Insuring the Future -- Grupo Mundial Confianca Selects a Cisco Systems Solution for IP Based Network.LONDON--(BUSINESS WIRE)--Sept. 24, 1999-- Migrating Old World to New World Technology while Providing Investment Protection GRUPO MUNDIAL CONFIANCA, the Portuguese Investment Company has selected Convex Portugal -- a Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Certified Gold Partner -- with a Cisco Systems (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) solution for its new IP based data network. The solution will provide GRUPO MUNDIAL CONFIANCA with an IP based solution that will benefit its nationwide network while protecting initial investments in a traditional voice network. Headquartered in Lisbon, Portugal, GRUPO MUNDIAL CONFIANCA is a financial group comprised of an insurance company and four banks: Banco Pinto & Sotto Mayor -- BPSM BPSM Banco Pinto & Sotto Mayor (Portuguese bank) BPSM Business Process Semantic Model BPSM Bit-Parallel Systolic Multiplier , Banco Totta & Acores -- BTA (Business Technology Association, Kansas City, MO, www.bta.org). A membership association of manufacturers, dealers, distributors and service companies in the business equipment and systems industries, founded in 1994. , Credito Predial pre·di·al adj. Variant of praedial. Portugues CPP cpp - C preprocessor. and Chemical. Together this firm has more than 750 branch offices throughout Portugal. GRUPO MUNDIAL CONFIANCA will take advantage of the new data network to provide a communications infrastructure across the entire organisation, from large offices to small branches, providing access to product and customer information, avoiding duplication and internal competition amongst the group. At the same time the data network will carry voice over IP to PBXs installed at branch offices, thereby assisting to migrate the old world network to a new world solution while protecting the existing technology investment. GRUPO MUNDIAL CONFIANCA is employing Cisco's 2600(TM) and 3600(TM) multiservice access platforms to provide integrated routing and packetised voice, connected to an existing PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). via two BRI See ISDN. BRI - Basic Rate Interface lines at the branch locations, while 5300 access platforms connect via E1 to PBXs at the central locations. The network supports any-to-any voice and fax, and uses H.323 Gatekeeper An H.323 Gatekeeper serves the purpose of Call Admission Control and translation services from E.164 IDs (commonly a phone number) to IP addresses in an H.323 telephony network. Gatekeepers can be combined with a gateway function to proxy H. technology to provide scalability. Mr. Luz de Almeida executive board member of GRUPO MUNDIAL CONFIANCA said: "The networking solutions available today offer the flexibility and applications that are becoming de-facto for rapidly expanding successful businesses. GRUPO MUNDIAL CONFIANCA were impressed with Cisco's technology solution and Convex's ability to work with our existing investment, the traditional voice network, while offering us the benefits of a full data network that meets our growing communication needs and provides the applications we will need for tomorrow. This framework along with GRUPO MUNDIAL CONFIANCA's tradition of leading the financial market in the adoption of innovative technological solutions, strongly contributed to the decision making, allowing GRUPO MUNDIAL CONFIANCA to be the first financial institution of its size to implement this revolutionary technology." The benefits of the new network solution will be the immediate savings on network operation and leased lines. By adopting Cisco's open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced approach across the IP networks, GRUPO MUNDIAL CONFIANCA will also accelerate the development of new applications to support the core business. The multiservice infrastructure will in this way allow GRUPO MUNDIAL CONFIANCA to create a common culture throughout the five merged institutions of GRUPO MUNDIAL CONFIANCA, allowing for efficient access of customer account information, creation of new common appliances and leveraging cross-selling of pre-merger financial products. Convex Informatica e Sistemas de Comunicacoes Portugal -- a Cisco Systems Gold Certified Partner -- was at the helm of network design, growth, and maintenance. Mr. Alexandre Brancal, Enterprise Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Convex Portugal said: "Aware of the tight scheduling proposed by GRUPO MUNDIAL CONFIANCA, Convex was responsible for the deployment of this state-of-the-art network in record time, assuring that no impact would occur in GRUPO MUNDIAL CONFIANCA's existing business." Mr. Jose Durao, General Manager of Convex Portugal also said: "Convex's extensive experience and close partnership with GRUPO MUNDIAL CONFIANCA were key factor's, which contributed to bring this project to success." Yvon le Roux Yvon Le Roux (born March 19, 1960 in Plouvorn, Finistère) is a former football defender from France, who earned 28 international caps (one goal) for the French national team during the mid-1980s. , Vice President, Cisco Systems EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. South, said: "GRUPO MUNDIAL CONFIANCA is a leader in retail banking and insurance market, which, facing the challenges of increasing competition and rapid expansion, did not hesitate to implement this worldwide pioneer solution to assure its competitive edge. Today's network solutions allow large national and international companies such as this to increase productivity and efficiency both in terms of communications and cost savings. This is why we increasingly see the new world solutions being recognised as a crucial to today's successful business strategy." About GRUPO MUNDIAL CONFIANCA GRUPO MUNDIAL CONFIANCA is one of Portugal's largest Investment groups, based in Lisbon and with a country wide network of 74 Insurance Agencies and around 8,000 agents. In addition to these the companies products are sold through banks, 240 branches of Banco Pinto & Sotto Mayer, 278 branches of Banco Totta & Acores and 157 branches of Credito Predial Portugues. The current company was created through a 1978 merger between A Mundial, founded in 1913, CONFIANCA, founded in 1942 and A Patria PATRIA. The country; the men of the neighborhood competent to serve on a jury; a jury. This word is nearly synonymous with pais. (.q.v.) Sociedade Alentejana de Seguros, founded in 1915. About CONVEX Convex is a leading Cisco networking partner in Portugal, has extensive experience in the networking business, and provides a every time wider range of services to their customers, enabling companies to be more competitive in their core businesses. Convex which is a Cisco Systems Gold Certified Partner, achieved Cisco Systems Partner of the Year in 1994, 1995, 1996, 1997 and Enterprise Partner of the Year and Gold Partner of the Year in 1998. Additional Convex information can be found at http://www.convex.pt. About Cisco Systems Cisco Systems (Nasdaq:CSCO) is the worldwide leader in networking for the Internet. Cisco news and information are available at http://www.cisco.com. Note to Editors: Cisco, Cisco IOS Cisco IOS (originally Internetwork Operating System) is the software used on the vast majority of Cisco Systems routers and all current Cisco network switches. IOS is a package of routing, switching, internetworking and telecommunications functions tightly integrated with a , Cisco Systems, the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners. |
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