Network Management Firm Launches Flat Rate MPLS IP VPN Pricing for Banks and Financial Institutions

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Telco iQ, a provider of network management service solutions for financial institutions, announced today that it will be offering flat rate MPLS IP VPN pricing nationwide. For a flat rate of $550/month per location users can connect their branch offices, ATM Machines, and corporate offices, virtually anywhere in the domestic United States.

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Telco iQ, a leading broker of network management services is now offering flat rate MPLS based IP VPN's nationwide. For a flat rate of $550/month per location, users can connect their branch offices, ATM Machines, and corporate offices, virtually anywhere in the domestic United States. Service includes a T1 circuit with 1.5Mbps of bandwidth, all local loop costs, and a managed Cisco Router. Multiple options are available for additional bandwidth including bonded T1 and DS3. Telco iQ also has multiple carrier options to service international locations.

MPLS (Multi Protocol Label Switching) is quickly becoming the networking method of choice for multi-location businesses looking to simplify network management, reduce total cost of ownership, and converge multiple applications including voice and video. MPLS networks are not distance sensitive and therefore can be up to 40 percent less expensive than traditional private line and frame relay networks.

"The move from legacy networks like frame relay and complicated CPE based VPN's seems to be reaching all industries. Customers in the banking and financial industry have been some of the fastest adopters, but the migration to MPLS is not limited to this industry. Some of our recent clients come from a variety of industries including retail, manufacturing, healthcare, real estate,, and education," said Kmele Foster, Vice President, Telco iQ.

"Our Community bank's locations used a frame relay WAN to connect our headquarters and nineteen branch locations in Maryland and Delaware. We came to Telco iQ knowing that we needed to simplify our network infrastructure, as well as prepare for adding additional applications like voice. Telco iQ delivered a solution from a Tier 1 provider that exceeded our requirements. Their solution ended up being more competitive than even the quote I received directly from the same carrier," said Ashley Gibbon, Director of IT, Shore Bancshares

"Customers choose Telco iQ because of our unique approach to purchasing network services. We offer MPLS solutions from leading national and global providers including AT&T, Global Crossing, Sprint, Broadwing, Savvis, Qwest and many others. Through our detailed network analysis we are able to find the most suitable carrier for our customer's specific requirements at the most competitive price possible," said Joel Sam, President, Telco iQ

Telco iQ will be hosting a series of live online network management solution seminars to educate banks and financial institutions on MPLS services and benefits. To request additional information on MPLS or to attend an upcoming network management seminar, visit: http://www.TelcoiQ.com/banking

About Telco iQ

Since 2001, thousands of businesses have discovered the value of Telco iQ's unique approach to purchasing Internet, Voice, and Data services. Telco iQ's experience in designing and deploying solutions including, MPLS, VoIP, and Wireless has garnered the company recognition by both service providers and businesses. Through partnerships with some of the most trusted names in the telecom industry and our experienced team of consultants, Telco iQ offers users outstanding selection, unparalleled resources and support, and the most competitive pricing available anywhere.

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