One of Europe's Largest Banks Using Industry's Fastest, Most Cost-Effective Data Transport for Integrating Proprietary and Standards-Based Networks

NetEx/IP Providing High-Volume, Long-Distance Data Transport Over DXE & IP

Networks With No Application Re-Engineering



Apr 18, 2001, 01:00 ET from NetEx

    MINNEAPOLIS, April 18 /PRNewswire/ -- NetEx(R) -- the industry's provider
 of the fastest data transport with guaranteed data delivery for the past
 20 years -- announced today that Union Bank of Switzerland has implemented
 NetEx/IP(TM) software for integrating its IP network with its legacy
 HYPERchannel(R) network.  The leading Swiss provider of financial services is
 using NetEx's exceptionally fast data transport for sending large amounts of
 time- and mission-critical data over its new IP network, which includes
 14 FDDI rings, 60 ESCON channels and 80 Fast Ethernets.
     NetEx/IP is a more robust data transport solution than TCP/IP for
 high-volume long-distance (500-plus miles and beyond) data transfer.
 Performance benchmarks demonstrate a sustained rate of 93 Mb/s over a 100 Mb/s
 Fast Ethernet connection with no degradation in performance as distance
 increases.  That's up to 44 times faster than TCP/IP.
     According to Rolf Keller, Union Bank's contract network consultant, "UBS
 had been using NetEx data transport with 50 proprietary DXE(TM) servers in two
 sites to meet high-volume data transport needs.  The software is running on
 UNISYS/OS2200, IBM/OS390, DEC/OpenVMS, and IBM/RS6000 systems.  Last year, IT
 management decided to establish a third site with four new OS/390 systems.
 Instead of investing in additional DXE equipment, which is disappearing, we
 wanted to run NetEx over a standards-based IP network to connect with the
 existing DXE sites.  We went with NetEx/IP for the new OS/390 systems and used
 NetEx's HYPERchannel-to-IP gateway on the IBM eServer xseries platform for
 connecting the existing NetEx world with the new NetEx/IP world."
     The gateway converts legacy NetEx traffic to NetEx/IP traffic for
 transport over the new IP network.  After extensive beta testing, UBS
 completed implementation in mid-February.  "Stability and performance results
 have met our high expectations," says Keller.  "Thanks to NetEx and UBS-NetEx,
 we've integrated NetEx/IP into our existing HYPERchannel network without the
 three-million-dollar investment we would have had to make in re-writing or
 replacing our applications.  We didn't have to make a single change to any
 existing NetEx application.  It was a huge success."
     According to NetEx president and CEO Craig Gust, "Union Bank's experience
 with NetEx/IP is a perfect example of how organizations can easily and
 cost-effectively migrate off of end-of-life platforms to new, faster
 standards-based networks.  We're committed to ensuring that our software
 provides the fastest open standards-based file transfer across heterogeneous,
 distributed open-system and mainframe environments."
 
     About Union Bank of Switzerland
     A leading global financial services firm, UBS is the world's largest
 global asset manager, a top-tier provider of investment banking and securities
 distribution, and a leading provider of private banking services.  UBS is the
 Swiss market leader, serving more than four million personal and corporate
 clients.  For more information about Union Bank of Switzerland, visit
 http://www.ubs.com .
 
     About NetEx
     Formed in 1999 as a spin-off of Storage Technology Corporation
 (StorageTek(R)), privately held NetEx has provided the fastest data transport
 in the industry along with guaranteed data delivery for over 20 years to more
 than 300 of the world's largest and most sophisticated organizations,
 including some of the most prestigious providers of financial, transportation
 and telecommunications services and government entities.  They require the
 transport of time- and mission-critical data among multiple, diverse computer
 systems and guaranteed performance and data integrity as they move to IP-based
 networks from proprietary and legacy protocols.
     Customers include:  Wells Fargo, Verizon, Bell South, Qwest, Royal Bank of
 Scotland, Lloyds Bank TSB, NDC Health, IRS, American, Lufthansa, Northwest,
 and United Airlines, Kellogg and Walt Disney.  For more information about
 NetEx or NetEx/IP, visit http://www.netex.com or call 888-604-5573.
 
     NetEx, NetEx/IP and NetEx/HC are trademarks of NetEx.  DXE and
 HYPERchannel are trademarks of StorageTek.  Other company and product names
 are the trademarks of their respective companies.
 
 

SOURCE NetEx
    MINNEAPOLIS, April 18 /PRNewswire/ -- NetEx(R) -- the industry's provider
 of the fastest data transport with guaranteed data delivery for the past
 20 years -- announced today that Union Bank of Switzerland has implemented
 NetEx/IP(TM) software for integrating its IP network with its legacy
 HYPERchannel(R) network.  The leading Swiss provider of financial services is
 using NetEx's exceptionally fast data transport for sending large amounts of
 time- and mission-critical data over its new IP network, which includes
 14 FDDI rings, 60 ESCON channels and 80 Fast Ethernets.
     NetEx/IP is a more robust data transport solution than TCP/IP for
 high-volume long-distance (500-plus miles and beyond) data transfer.
 Performance benchmarks demonstrate a sustained rate of 93 Mb/s over a 100 Mb/s
 Fast Ethernet connection with no degradation in performance as distance
 increases.  That's up to 44 times faster than TCP/IP.
     According to Rolf Keller, Union Bank's contract network consultant, "UBS
 had been using NetEx data transport with 50 proprietary DXE(TM) servers in two
 sites to meet high-volume data transport needs.  The software is running on
 UNISYS/OS2200, IBM/OS390, DEC/OpenVMS, and IBM/RS6000 systems.  Last year, IT
 management decided to establish a third site with four new OS/390 systems.
 Instead of investing in additional DXE equipment, which is disappearing, we
 wanted to run NetEx over a standards-based IP network to connect with the
 existing DXE sites.  We went with NetEx/IP for the new OS/390 systems and used
 NetEx's HYPERchannel-to-IP gateway on the IBM eServer xseries platform for
 connecting the existing NetEx world with the new NetEx/IP world."
     The gateway converts legacy NetEx traffic to NetEx/IP traffic for
 transport over the new IP network.  After extensive beta testing, UBS
 completed implementation in mid-February.  "Stability and performance results
 have met our high expectations," says Keller.  "Thanks to NetEx and UBS-NetEx,
 we've integrated NetEx/IP into our existing HYPERchannel network without the
 three-million-dollar investment we would have had to make in re-writing or
 replacing our applications.  We didn't have to make a single change to any
 existing NetEx application.  It was a huge success."
     According to NetEx president and CEO Craig Gust, "Union Bank's experience
 with NetEx/IP is a perfect example of how organizations can easily and
 cost-effectively migrate off of end-of-life platforms to new, faster
 standards-based networks.  We're committed to ensuring that our software
 provides the fastest open standards-based file transfer across heterogeneous,
 distributed open-system and mainframe environments."
 
     About Union Bank of Switzerland
     A leading global financial services firm, UBS is the world's largest
 global asset manager, a top-tier provider of investment banking and securities
 distribution, and a leading provider of private banking services.  UBS is the
 Swiss market leader, serving more than four million personal and corporate
 clients.  For more information about Union Bank of Switzerland, visit
 http://www.ubs.com .
 
     About NetEx
     Formed in 1999 as a spin-off of Storage Technology Corporation
 (StorageTek(R)), privately held NetEx has provided the fastest data transport
 in the industry along with guaranteed data delivery for over 20 years to more
 than 300 of the world's largest and most sophisticated organizations,
 including some of the most prestigious providers of financial, transportation
 and telecommunications services and government entities.  They require the
 transport of time- and mission-critical data among multiple, diverse computer
 systems and guaranteed performance and data integrity as they move to IP-based
 networks from proprietary and legacy protocols.
     Customers include:  Wells Fargo, Verizon, Bell South, Qwest, Royal Bank of
 Scotland, Lloyds Bank TSB, NDC Health, IRS, American, Lufthansa, Northwest,
 and United Airlines, Kellogg and Walt Disney.  For more information about
 NetEx or NetEx/IP, visit http://www.netex.com or call 888-604-5573.
 
     NetEx, NetEx/IP and NetEx/HC are trademarks of NetEx.  DXE and
 HYPERchannel are trademarks of StorageTek.  Other company and product names
 are the trademarks of their respective companies.
 
 SOURCE  NetEx