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TheStreet Open House

Hughes Signs Contract Extension With Global Financial Services Giant

Stocks in this article: SATS

GERMANTOWN, Md., April 29, 2013 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced that one of the world's largest multinational financial services companies has awarded it a contract extension for managed network services across Latin America. The contract is for five years and is valued at over US $11M.

(Logo: http://photos.prnewswire.com/prnh/20110112/NE29456LOGO)

The financial services giant operates one of the world's largest credit card and ATM networks, providing consumer credit, debit, prepaid and commercial payment products and processing services, with a strong presence in many Latin American and Caribbean countries. Hughes has been providing managed satellite network services for over ten years to the company's Latin American and Caribbean regional operations including network installation, management and field maintenance, connecting their banks to the company's regional headquarters.

"This contract extension from one of the world's most prestigious financial services companies is a testament to the high quality and reliability of our combined satellite and terrestrial networking solution," said Kamran Givpoor, vice president of Global Services at Hughes. "We've been providing managed services to this customer for well over ten years and it has proven to be a very successful relationship."

The Hughes High Availability satellite network serves as backup to the customer's terrestrial network at over 100 locations in Central and Latin America (CALA), automatically taking over without interruption in case of terrestrial failure. Additionally, the Hughes solution load balances the traffic between the networks, doubling available bandwidth and saving the company hundreds of thousands of dollars in upgrade costs.

Based on the high performance and scalable HX System, the Hughes solution is ideal for carrier-grade IP broadband applications and incorporates many advanced features pioneered by the company. These include WAN optimization for high-bandwidth applications and powerful IP routing features such as Virtual Router Redundancy Protocol (VRRP). VRRP with policy-based routing enables the remote satellite terminal to implement automatic WAN routing in the case of terrestrial link failure, as well as traffic balancing during normal operations.

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