Investment bank inks multi-million dollar MPLS network deal

Investment bank CLSA is set to migrate to a MPLS network utilising BT's global support centre in Australia.

The migration is part of a five year, $US20 million contract CLSA inked today with BT, a provider of networking and telecommunication services.

Under the agreement, BT will manage CLSA's global communications network and ICT services.

Working with global support centres in India, Australia and the United Kingdom, the BT team will manage the migration of CLSA's existing networks to BT's global MPLS network, as well as the delivery of LAN, network security and remote access services and applications.

CIO of the Asia Pacific-based brokerage firm, Rajah Thiyangarajah, said BT was selected because the provider understood CLSA's complex audit and infrastructure requirements.

He said the MPLS network is highly resilient and will also meet the company's security needs.

BT global services CEO, Andy Green, said customers today are operating in a highly competitive digital networked economy.

Green said BT will also leverage its recent acquisition of Counterpane Internet Security to provide a full range of security services to CLSA.

"This includes management of network security devices and regular penetration testing of critical networked IT assets, as well as the design and delivery of a comprehensive intrusion detection service," Green said.

"By permanently monitoring the network layers and devices, the security solution will enable CLSA to deal proactively with potential threats and provide real-time 24x7 analyses of security events and alerts." Headquartered in Hong Kong, CLSA has more than 1000 staff spread across 11 Asia Pacific markets.

CLSA's major shareholder is France's Credit Agricole, the world's sixth-largest bank by Tier One capital and seventh by assets.

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