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Network Management Firm Launches Flat Rate MPLS IP VPN Pricing for Banks and Financial Institutions.


Telco iQ, a Provider of Network Management Service Solutions for Financial Institutions, Announced Today That It Will Be Offering Flat Rate MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS.

(2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network.
 IP VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks.  Pricing Nationwide; For a Flat Rate of $550/Month Per Location Users Can Connect Their Branch Offices, ATM Machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. , and Corporate Offices, Virtually Anywhere in the Domestic United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  

LANHAM, Md. -- Lanham-based Telco iQ, a leading broker of network management services is now offering flat rate MPLS based IP VPN's nationwide. For a flat rate of $550/month per location, users can connect their branch offices, ATM Machines and corporate offices, virtually anywhere in the domestic United States. Service includes a T1 circuit with 1.5Mbps of bandwidth, all local loop costs and a managed Cisco Router router

Portable electric power tool used in carpentry and furniture making that consists of an electric motor, a base, two handle knobs, and bits (cutting tools). A router can cut fancy edges for shelving, grooves for storm windows and weather stripping, circles and ovals
. Multiple options are available for additional bandwidth including bonded T1 and DS3. Telco iQ also has multiple carrier options to service international locations.

MPLS (Multi Protocol Label Switching (networking) label switching - A routing technique that uses information from existing IP routing protocols to identify IP datagrams with labels and forwards them to a modified switch or router, which then uses the labels to switch the datagrams through the network. ) is quickly becoming the networking method of choice for multi-location businesses looking to simplify network management, reduce total cost of ownership and converge con·verge  
v. con·verged, con·verg·ing, con·verg·es

v.intr.
1.
a. To tend toward or approach an intersecting point: lines that converge.

b.
 multiple applications including voice and video. MPLS networks are not distance sensitive and therefore can be up to 40 percent less expensive than traditional private line and frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers.  networks.

"The move from legacy networks like frame relay and complicated CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises.

CPE - Customer Premises Equipment
 based VPN's seems to be reaching all industries. Customers in the banking and financial industry have been some of the fastest adopters, but the migration to MPLS is not limited to this industry. Some of our recent clients come from a variety of industries including retail, manufacturing, healthcare, real estate and education," said Kmele Foster, Vice President, Telco iQ.

"Our Community bank's locations used a frame relay WAN to connect our headquarters and nineteen branch locations in Maryland and Delaware. We came to Telco iQ knowing that we needed to simplify our network infrastructure, as well as prepare for adding additional applications like voice. Telco iQ delivered a solution from a Tier 1 provider that exceeded our requirements. Their solution ended up being more competitive than even the quote I received directly from the same carrier," said Ashley Gibbon gibbon, small ape, genus Hyloblates, found in the forests of SE Asia. The gibbons, including the siamang, are known as the small, or lesser, apes; they are the most highly adapted of the apes to arboreal life. , Director of IT, Shore Bancshares.

"Customers choose Telco iQ because of our unique approach to purchasing network services. We offer MPLS solutions from leading national and global providers including AT&T, Global Crossing, Sprint, Broadwing, Savvis, Qwest and many others. Through our detailed network analysis we are able to find the most suitable carrier for our customer's specific requirements at the most competitive price possible," said Joel Sam, President, Telco iQ.

Telco iQ will be hosting a series of live online network management solution seminars to educate banks and financial institutions on MPLS services and benefits. To request additional information on MPLS or to attend an upcoming network management seminar, visit: http://www.TelcoiQ.com/banking.

About Telco iQ

Since 2001, thousands of businesses have discovered the value of Telco iQ's unique approach to purchasing Internet, Voice and Data services. Telco iQ's experience in designing and deploying solutions including, MPLS, VoIP and Wireless has garnered the company recognition by both service providers and businesses. Through partnerships with some of the most trusted names in the telecom industry and our experienced team of consultants, Telco iQ offers users outstanding selection, unparalleled resources and support and the most competitive pricing available anywhere.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 25, 2007
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