Log In

 
Company : Business Wire 
Wednesday, September 29, 2004 9:54AM IST (4:24AM GMT)
 
(BW)(CA-INFONET-SERVICES-CORP)(IN)
Infonet Implements Global IP MPLS Network for Munich Re Group
Leading Reinsurer Utilizes Infonet IP VPN Secure for Managed MPLS Communications in more than 60 locations in Europe, Asia, Africa and the Americas
 
Calif., El Segundo, United States

Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, Tuesday announced the completion of a new global MPLS IP VPN for the Munich Re Group, one of the world's largest reinsurers.

The managed IP network, which uses Infonet's multi-class, MPLS-enabled IP VPN Secure service, replaces Munich Re's previous frame relay network and connects more than 60 sites in Europe, Asia, Africa and the Americas.

Providing extensive financial services in the form of reinsurance, direct insurance and asset management, Munich Re Group works with more than 5,000 insurance companies in close to 160 countries. The global nature of its business and the introduction and growth in importance of several critical e-business applications, including SAP, recently led the group to replace its frame relay network with an MPLS-based network architecture.

"When we went looking for a new provider, we were very interested in MPLS technology because it gives us the ability to prioritize the class of service for our business-critical applications in the network," said Ludger Bolmerg, network manager, Munich Re Group. "We selected Infonet due to their strong IP MPLS service and coverage, both in Germany and around the world. Infonet was also very flexible in catering to the specific legal and commercial requirements of our data communications. This enabled us to add value by creating end-to-end service levels."

As part of an aggressive network roll-out plan, all Munich Re locations were brought onto the new Infonet IP VPN Secure network by April 15, 2004.

"All locations were migrated by Infonet on schedule and by the specified deadline," added Bolmerg. "During the transition phase, we operated both the old and new networks simultaneously in order to convert the locations without any interruption for users. This period of dual operation was strictly limited for budgetary reasons, which was a challenge Infonet met without any difficulty."

"We take pride in the fact that major German-based multinationals like Munich Re have chosen to outsource their managed global network needs to Infonet," said Micheline Wens, managing director of Infonet Germany.

"For Munich Re, we are showcasing both our industry-leading private IP MPLS service, as well as our award-winning, in-country local language support and network management capabilities," continued Wens. "Our IP VPN Secure is providing the high level of security and multiple MPLS-enabled Classes of Service that Munich Re requires, while our in-country support operations are ensuring seamless communications and high application performance between all Munich Re sites."

About Munich Re Group

The Munich Re Group provides extensive financial services in the form of reinsurance, direct insurance and asset management. It is one of the largest reinsurers in the world, with 5,000 insurance companies in close to 160 countries relying on its know-how and financial strength. Of the gross premiums posted for 2003, 73% were for indemnity, property and accident insurance, with the remaining 27% representing life and health insurance. Items reinsured included risks associated with oil platforms, satellites and natural disasters, plus those arising through the use of genetic engineering and information technology as well as company management.

In the primary business sector, the Munich Re Group focuses on Europe and particularly Germany, where it is the second-largest primary insurance group in terms of gross premiums written in 2003. The primary insurers include the ERGO Insurance Group, the Karlsruher Insurance Group and Europaische Reiseversicherung. The third mail pillar, the asset management, is operated by MEAG MUNICH ERGO AssetManagement GmbH as the investment management center of the Munich Re Group. As of March 31, 2004, it had more than 143.5 billion Euro in assets under management, making it one of the major asset managers in the European financial sector. MEAG primarily manages the Group's investments, but also offers its expertise and know-how to both institutional investors and private clients.

About Infonet

Infonet Services Corporation, known for its quality of service, is a leading provider of managed network communications services for nearly 3,000 multinational entities.

Employing a unique consultative approach, Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. Extensive project management capabilities are the foundation for the services and solution offerings (broadband, Internet, intranet, multimedia, videoconferencing, wireless/remote access, local provisioning, application and consulting services), positioning Infonet as a single-source partner for multinational entities. In particular, Infonet IP VPN solutions offer multinationals a unique combination of Private and Public IP services as well as a full set of Managed Security and Mobility Services.

Rated "Best in Class" overall in Telemark's survey of Global Managed Data Network Services, Infonet has also won "Best Customer Care" and "Best Carrier" at the World Communication Awards. Founded in 1970, Infonet owns and operates The World Network(R), accessible from more than 180 countries, and provides local service support in over 70 countries and territories.

Infonet's stock is traded on the New York Stock Exchange under the symbol "IN." Additional information about the company is available at www.infonet.com.

Safe Harbor Statement: Infonet may have made forward-looking statements in this release. These statements, if any, are based on information available to the company as of the date of this release and Infonet undertakes no duty to update the information to take account of later events. The accuracy of our forward-looking statements will also be affected by the strength of the market for Infonet products and services, competition, the timely transitioning of new business opportunities to Infonet's network and the effect of currency fluctuation. Investors should bear these risk factors in mind, as well as those elaborated on in Infonet's 10-K, 10-Qs and other recent filings made with the U.S. Securities and Exchange Commission. These documents are available through the investor relations portion of Infonet's web site at www.infonet.com.

 
 
 
Submit your press release
More News from Business Wire

18/06/2018 10:15AM

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access ...

01/06/2018 12:38PM

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access ...

25/05/2018 12:18PM

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access ...

Similar News

22/06/2018 8:09PM

MYbank Launches Star Plan to Support 1,000 Financial Institutions to Serve 30 Million SMEs in the Next Three Years

MYbank, a leading online private commercial bank in China with a focus on SME financing, has announced the launch of the Star Plan to open up its proven AI, computing and risk management capabilities to financial ...

No Image

22/06/2018 11:36AM

India in Sight for 5000 Crore Investment in Waste-to-Energy by Indian Ex-pat Varun Datta in 2019

India in sight for 5000 Crore investment in waste-to-energy by Indian Ex-pat Varun Datta in 2019.