Redback Networks Extends Relationship With IBM to Strengthen Focus on Innovation14 June 2006
Redback Networks today announced that it hasextended its existing relationship with IBM for the use of IBM'sApplications On Demand services. Redback believes that utilizing IBM'sservices will allow Redback to further focus on developing innovativeIP-based products and services for its service provider client base.Redback products allow its customers to significantly lower the total costof ownership of next generation smart broadband networks.
"The IBM relationship helps to enable us to focus on investing in our goalof remaining at the leading edge of our industry by developing innovativeproducts," said Ebrahim Abbasi, Redback senior vice president ofoperations, information technology and customer service. "As the companygrows, scaling our operations with providers such as IBM gives us theinfrastructure to service our customer base smoothly."
Under the relationship, IBM will continue to manage Redback's core businessapplications and IT infrastructure. In working with IBM, Redback hasrealized operational savings, which Redback believes will help the companyto scale to customer needs over time. IBM will continue to utilize its deepindustry expertise and knowledge of various third-party applications andcombine these with its Applications On Demand services to enable rapiddeployment and development of these tools to help Redback drive its corebusiness.
"Redback Networks is focused on remaining the leader in its marketplace,"said George Kadifa, general manager, Applications On Demand, IBM. "Inassisting Redback with the technology backbone and providing ourapplication management expertise, we are helping Redback to focus itsresources on growing and operating the business," he continued.
In response to clients grappling with the high cost and complexity ofmanaging their enterprise applications and the increasing demand for hostedapplications, IBM developed the Applications On Demand platform. This hasautomated many components of application hosting and management whichenables the service to be more reliable and cost-effective than thoseapplications managed "in-house," especially for mid-sized businesses.Clients can purchase application and hosting services from IBM by choosingfrom a "menu" of service options that are modular and allow for flexibilityin the service, depending on the clients' needs, as well as furtherdevelopment services.
About Redback Networks
Redback Networks Inc., a leading provider of next-generation broadbandnetworking equipment, enables carriers and service providers to build SmartBroadband Networks that are personalized, adaptive and efficient. The SmartBroadband Network provides advanced IP based subscriber services toconsumers, businesses and wholesale customers. The company's carrier-class,scalable SmartEdge® product family combines carrier class edge routing,advanced subscriber management and high-density Ethernet aggregationfunctions. In conjunction with the NetOp™ Element and Policy Managerplatforms the SmartEdge family provides a powerful and flexibleinfrastructure solution that enables delivery of next-generation BroadbandIP services.
Founded in 1996 and headquartered in San Jose, Calif., with sales andtechnical support centers located worldwide, Redback Networks maintains agrowing and global customer base of more than 500 carriers and serviceproviders, including major local exchange carriers (LECs), inter-exchangecarriers (IXCs), PTTs, service providers and ISPs. For more information,visit Redback Networks at www.redback.com.
About IBM
For more information about IBM, visit http://www.ibm.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of1995
The statements contained in this press release that are not purelyhistorical are forward-looking statements within the meaning of Section 21Eof the Securities and Exchange Act of 1934, as amended, includingstatements regarding Redback Networks' expectations, beliefs, intentions orstrategies regarding the future and including, without limitation,statements regarding the expected future growth of the company and itscustomer base and regarding any operational savings realized or benefitsresulting from utilizing IBM's products and services, including whetherutilizing IBM's services will allow Redback to further focus investment ondeveloping products and services for its service provider client base. Allforward-looking statements included in this document are based uponinformation available to Redback Networks as of the date hereof, andRedback Networks assumes no obligation to update any such forward-lookingstatements. Forward-looking statements involve risks and uncertainties,which could cause actual results to differ materially from those projected.These risks and other risks relating to Redback Network's business are setforth in the documents filed by Redback Networks with the Securities andExchange Commission (SEC), specifically the most recent report on Form10-K, Form 10-Q, Form 8-K, Redback's Registration Statement on Form S-3(File No. 333-114352), and amendments thereto, and the other reports filedfrom time to time with the SEC.
Contact:Chris SteelIBM media relationssteel@us.ibm.com1 646 598 6268
SOURCE: IBM
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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