NUVO Opens New York Office: Targets Financial Services Market.Business Editors/High-Tech Writers OTTAWA--(BUSINESS WIRE)--March 13, 2003 NUVO NUVO Near Ultraviolet and Optical (channel) Network Management Inc., (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. : NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money ), a leader in IT out-tasking, today announced the opening of its Northeast US regional sales office located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . NUVO's NYC NYC abbr. New York City NYC New York City sales office is headed by Brent Finkelstein. Prior to joining the NUVO sales team, Brent held senior sales positions at Cable & Wireless USA, BroadVision Inc., and Pilot Software. In his new role, he will be responsible for all aspects of the NUVO sales operation in the Northeast US with a focus on the 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. market through our tier 1 partners, including Cisco, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and GE. NUVO derives over 30% of its recurring remote services revenues from the financial services markets, with an established customer base in the banking, investment and insurance segments. Establishing a dedicated sales presence in NYC allows NUVO to leverage this strength and to meet the demand for integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. , server, IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. and security services in the Northeast US region," said Steve Allen, VP Sales for NUVO, based in NUVO's US Headquarters in Chicago. IT spending for the financial services industry alone is expected to reach US$203 B in 2004, according to Gartner Dataquest(i), with a growing portion invested in external services. "We are seeing strong evidence that the demand for IT out-tasking services is driven by the need for infrastructure availability, privacy issues, corporate data security and the need for effective risk management," said Brent Finkelstein, NUVO Sales, Northeast U.S. About NUVO NUVO is a leader in IT out-tasking. The company focuses on reducing the cost of operations of running networks, servers and applications in a secure framework, while reducing downtime and improving quality of service. NUVO customers include large and medium-sized organizations that depend on information technology to run their business. NUVO operates under a partner-led sales model with organizations like IBM, Cisco and GE. Forward-Looking Statements Certain statements included in this press release are forward-looking and are subject to certain risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that may cause results or events to differ from current expectations include, but are not limited to, those set out on NUVO's website at www.nuvo.com/news/pr.html. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and NUVO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them. (i) Gartner, Inc., "IT Forecasts: Spending Recovery in Most Vertical Markets," Gartner Dataquest Alert, January 7, 2003. The TSX Venture Exchange has neither approved nor disapproved the content of this press release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion