Banco Santander signs for Global Crossing IP network

Banco Santander signs for Global Crossing IP network

Spanish banking group Banco Santander International is implementing an IP virtual private network (IPN) from Global Crossing to manage its voice, video and data communications across the US and Latin America.

The vendor says the bank is utilising its managed IP VPN service to transport voice and data between Miami, Montevideo and New York, as well as its IP video system for videoconferencing among the bank's offices in Miami and New York in the US, as well as in Uruguay and Spain.

Commenting on the deal, Agustin Abalo, senior vice president and CIO, director of operations of Banco Santander International, says: "We sought a single provider that could deliver a converged, managed solution with the level of security we require as a leading global bank."

Global Crossing says the deal underscores the explosive growth of demand for converged IP services around the globe and in Latin America. In 2005 the vendor saw its number of converged IP customers triple, with IP VPN traffic growing more than 300%.

Financial terms of the Banco Santander deal were not disclosed.

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