NUVO Signs $1.7 Million Deal - Delivers Integrated Solution to 200 Locations Around The World.Business Editors/High-Tech Writers OTTAWA--(BUSINESS WIRE)--May 6, 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 that the Company has entered into an agreement with 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. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) to deliver NUVO's remote IT infrastructure management services to a global leader in the healthcare industry. Highlights -- CN$1.7 million, with yearly option to renew. -- Cisco partners with NUVO to deliver full-service out-tasking of customer's IT operations. -- NUVO is single point of contact for management of customer's IT infrastructure, including WAN, 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. , servers and security policy enforcement at over 200 locations worldwide. -- Includes recently introduced NUVO SIM(TM), Security Information Management (SIM) services, for firewalls and network intrusion detection See IDS and IPS. (nIDS). -- NUVO webCenter(TM) enables alignment of out-tasked IT operations with customer's business objectives. Under the terms of the agreement NUVO will provide an integrated suite of remote IT infrastructure management services from its Enterprise Operations Center (EOC EOC Emergency Operations Center EOC Equal Opportunities Commission (UK) EOC Educational Opportunity Center EOC End Of Course EOC Epithelial Ovarian Cancer EOC Environment of Care (JCAHO) ), including wide area network (WAN) management, port-level switch management (LAN), server management and security information management (SIM) services to over 200 locations around the world. The one-year agreement is worth over CN$1.7 million. "NUVO's unique ability to centrally manage all aspects of this highly complex IT infrastructure, while maintaining the integrity of its security posture, represents significant business value to the customer," said Phil Weaver, NUVO 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. . "By out-tasking its IT operations to NUVO, the customer has a single point of contact for the detection, isolation and resolution of all network, server and security incidents, around the clock. Our integrated solution means improved performance and security of their IT infrastructure and reduced costs of operations." "The NUVO webCenter(TM) provides added business value as a real-time centralized management dashboard into the performance and security of their IT operations," said Cam Gregg, VP of Operations at NUVO. "As a valued Cisco partner, NUVO has helped to validate this healthcare customer's centralized operations strategy with our scalable and cost-effective 'full service' approach to IT out-tasking." About Cisco Systems Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com. 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 (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) , GE and Cisco. 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. The TSX Venture Exchange has neither approved nor disapproved the content of this press release. |
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