This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tellabs Enables Banco Mercantil Do Brasil To Deliver Critical Services To Its Customers

SAO PAULO, June 27, 2012 /PRNewswire/ -- Financial institutions need fast, reliable, low-latency networks for stock transactions, online banking and everything in between. That's why Banco Mercantil do Brasil chose Tellabs equipment to support the upgrade and expansion of its independent network.

Banco Mercantil do Brasil joins dozens of Fortune 500 companies that already rely on the Tellabs® 7100 Nano™ Optical Transport System (OTS) to carry critical communications. By deploying the Tellabs® 7100 series, Banco Mercantil do Brasil gains a reliable network with redundancy and low latency.

"As a financial institution, it is essential for us to have a fast and reliable network that enable us delivering high availability that is critical to our operations," said Lauro Wilson, Technology Executive Director of Banco Mercantil do Brasil. "Not only does the new network address Banco Mercantil do Brasil's needs today, but it will be able to grow with us over time to meet the future demands of tomorrow."

The key benefits of the new network include:
  • Faster connectivity between the bank's offices
  • Low latency to speed crucial information delivery, such as with stock transactions
  • Flexibility to support multiple interfaces and a variety of applications
  • Scalability to seamlessly grow the network with virtually unlimited bandwidth as demand increases
  • Reliability to deliver 99.9999% (or "six nines") availability for less then about 30 seconds of annual downtime per node
  • Ability to turn up new services faster, in one day instead of in one week or more.

"Financial institutions need a network that can meet their increasing demands for reliable, high-bandwidth and low-latency network services that offer instant connectivity," said Alberto Barriento, vice president, Latin American and Caribbean Sales, at Tellabs. "Leveraging our experience on similar cases with other customers worldwide, Tellabs has experienced support personnel to ensure that our customers always have access to our expertise and help."

About Tellabs — Tellabs innovations advance smart networks to help our customers succeed. That's why 80% of the top global communications service providers choose our mobile, optical, business and services solutions. We help them get ahead by adding revenue, reducing expenses and optimizing networks.

Tellabs (Nasdaq: TLAB) is part of the NASDAQ Global Select Market, Ocean Tomo 300® Patent Index, the S&P MidCap 400 Index and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes.

About Banco Mercantil do Brasil — With 69 years of existence, Mercantil do Brazil is the unique middle-size bank in Brazil. With 171 branches and 03 business units, distributed by major urban centers of the country, mainly in Minas Gerais State and Sao Paulo State country side. The bank also has a branch in Grand Cayman Island, which assists the institution in trade finance operations.

According to the Central Bank's ranking covering national private banks, Mercantil do Brazil occupies the 9th position in Total Deposits, 11th position in Loan Portfolio and is the 13th largest in total assets. In Minas Gerais State, where most of its agencies are located, the MB offers diversified products and services for individuals - such as loans, CBD, credit card, among others – and companies, such as payroll, collection and cash flow.

Tellabs® and Tellabs logo are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE Tellabs

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs