AT&T (NYSE: T) today announced that Scottrade, a leading branch-supported online investment firm, has expanded and renewed its contract with AT&T for advanced network and Managed Internet Service to ensure application and network continuity.
AT&T will deploy AT&T Ultravailable Managed Network Service, a custom-managed solution designed to meet Scottrade's network requirements. The network service will connect Scottrade's new data center in the Phoenix area with its headquarters in St. Louis.
Earlier this month, Scottrade announced plans to build a 20,000-square-foot data center in the Phoenix area to support the company's growth plans in the coming years. AT&T currently provides this solution to connect Scottrade's data centers in the St. Louis area with its headquarters, an agreement that has been extended for an additional seven years.
"In a world of instant communication and access to information -- particularly in the investment industry -- it is important for us to utilize technologies that not only support our operations but also deliver information to our customers' fingertips," said Ian Patterson, chief information officer of Scottrade. "AT&T's solution enables this real-time connectivity, which is why we're renewing our existing agreement and expanding it to include Scottrade's newest data center in the Phoenix area."
As data flow increases in the online investment industry, relying on a secure, flexible network is critical. The AT&T solution carries multiple high speed data signals to transfer large amounts of information between locations. By design, the solution also provides network continuity and recovery and is scalable -- so that it can be modified to meet unpredictable network demands. The AT&T Ultravailable Network is a cost-effective solution for high speed data transfer and real-time data monitoring to meet Scottrade's increased growth and processing needs. The AT&T solution is designed, engineered and implemented to meet Scottrade's unique operational needs. It provides a private fiber-optic network and optical switching technology, which enhances the transmission of data.