SAN ANTONIO, March 24 /PRNewswire-FirstCall/ -- AT&T Inc. (NYSE: T) today
announced a three-year $1.8 million network services contract with Broadway
Bank, San Antonio's leading independently owned bank. The agreement renews and
expands a long-standing relationship between the two companies.
Broadway Bank, which has banking centers in San Antonio and the
surrounding Texas Hill Country, will benefit from faster and highly reliable
network services from AT&T. Under terms of the agreement, AT&T will upgrade
Broadway Bank to Multiprotocol Label Switching (MPLS)-based Virtual Private
Network (VPN) and OPT-E-MAN(R) Ethernet services. The MPLS upgrade replaces
Broadway Bank's current services, which run over Frame Relay and Asynchronous
Transfer Mode (ATM) network platforms.
AT&T's flexible and secure solution will integrate Broadway Bank's 36
locations, including banking centers, its corporate office in San Antonio and
its backup site. The AT&T solution will also provide video conferencing.
"We expect the upgrade to an MPLS-based VPN services, combined with
Ethernet services, will boost bandwidth and give all employees access to the
same critical applications, regardless of their location or access links,"
said
Tom Llewellyn, executive vice president and chief information officer for
Broadway Bank. "The overall cost-effectiveness of the solution will allow us
to invest in our business in this highly competitive industry."
AT&T's high speed VPN solution will enable Broadway Bank to conduct
transactions faster and more efficiently. It will also enhance data security
and position the organization for rich media content, such as live video
broadcasts and video on demand to the desktop. AT&T's highly scalable solution
will enable Broadway Bank to converge its critical business applications onto
a unified and scalable MPLS-enabled platform and will allow for future
applications to be used at Broadway Bank's locations. Broadway Bank plans to
eventually convert all branches to Voice over Internet Protocol (VoIP)
service.
In addition to data services, AT&T provides Broadway Bank with a full set
of voice, dedicated Internet access and security services.
About Broadway Bank
Serving San Antonio and surrounding south and central Texas communities,
Broadway Bank has evolved from a small neighborhood bank into the largest
independently-owned bank headquartered in the metropolitan area. Founded in
1941, Broadway is a highly rated, locally-owned and operated, full-service
financial institution with more than $1.7 billion in assets operating 29
banking centers. Eisenhower Bank is the military division of Broadway Bank and
maintains seven branch locations serving world-wide military clientele. For
more information, visit http://www.broadwaybank.com or
http://www.eisenhowerbank.com.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its
subsidiaries and affiliates, AT&T operating companies, are the providers of
AT&T services in the United States and around the world. Among their offerings
are the world's most advanced IP-based business communications services and
the nation's leading wireless, high speed Internet access and voice services.
In domestic markets, AT&T is known for the directory publishing and
advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM
organizations, and the AT&T brand is licensed to innovators in such fields as
communications equipment. As part of its three-screen integration strategy,
AT&T is expanding its TV entertainment offerings. Additional information about
AT&T Inc. and the products and services provided by AT&T subsidiaries and
affiliates is available at http://www.att.com.
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SOURCE AT&T Inc.