Ciena® Corporation (NASDAQ: CIEN), the network specialist, and its BizConnect Platinum partner Telrad, have been selected by Cal (Israel Credit Cards Ltd) to build a high-capacity, low-latency private optical network connecting its new data centre in Yehud to its main facilities in Giv’atayim. The metro network was recently installed in an aggressive timeframe and allows Cal to address business growth and local disaster recovery requirements, as well as avoid the need to utilize costly leased connectivity.
Cal is one of Israel's leading credit companies, dealing in the issue and clearance of the world's leading credit card brands: Visa, MasterCard and Diners. It provides financial services and solutions for 1.8 million card bearing clients and tens of thousands of businesses. In order to comprehensively address all of its clients' needs, Cal employs 1,500 employees in the company's offices in Giv’atayim and at an additional center in Modi'in-Elit. The company is jointly owned by the Israel Discount Bank Ltd. (72%) and the First International Bank of Israel (28%).
About Telrad Networks
Telrad Networks is an established telecom equipment vendor and services company that has been providing communications products and services used by millions of end-users worldwide. The company combines a high level of technological experience gathered in decades of dedication to customer service with expertise in developing products in the areas of IP NGN soft switches, media gateways, Transport solutions in the optical and metro networks, enterprise, wireless, and switching. In tangent to its product divisions, Telrad provides full solutions and system integration for TDM and NGN solutions.
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they compete. With focused innovation, Ciena brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry’s leading network automation. We routinely post recent news, financial results and other important announcements and information about Ciena on our website. For more information, visit www.ciena.com.
Note to Ciena Investors
Forward-looking statements. This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on June 6, 2012. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.