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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.
www.tellabs.comAbout 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.
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