|
|
Article: Swift Picks Vendors for New IP Network.
- Article from:
- Securities Industry News
- Article date:
- December 9, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nearly a year after Global Crossing's bankruptcy threatened to derail the development of Swift's new IP-based network, the banking and securities industry utility announced this week that it had chosen three vendors-London-based Colt Telecom Group, Paris-based Equant and El Segundo, Calif.-based Infonet Services Corp.-to provide Internet protocol-virtual private network (IP/VPN) services. A fourth vendor is expected to be named later.
Swift decided earlier this year to move to a multivendor solution after relying on a single vendor in its contract with Global Crossing to build and manage Swift's network service. In the wake of Global Crossing's bankruptcy, Swift ...