Leading French bank goes live with Madge DeskStream™ switches
Crédit Agricole Centre France implements 32 switches to dramatically
increase existing Token Ring network performance
Wexham Springs, UNITED KINGDOM (January 3, 2002)
- Madge Networks N.V. (NASDAQ NM: MADGF) has announced that Crédit
Agricole Centre France - the leading French bank - has gone live with
an upgraded Token Ring network that includes 32 Madge Smart DeskStream
switches. Crédit Agricole Centre France is now able to take
advantage of increased bandwidth for all of its desktop PCs, increasing
performance and improving network efficiency. The company chose Madge
Networks' solutions because it was the only provider that could upgrade
and maximize its existing Token Ring network investment in the same
price range as Ethernet equipment.
With the Madge Networks' switches in place, Crédit Agricole
has dramatically increased bandwidth to each desktop from shared 4/16Mbps
to 16Mbps Full Duplex. This provides greater speed, network efficiency
and reliability, and enables the company to use new, higher bandwidth
applications. The Madge DeskStream switches are fully compatible with
Crédit Agricole's existing infrastructure and have allowed
the company to improve performance and maximize its existing investment.
J.C. Siauve, Telecom Manager, Crédit Agricole Centre France
commented: "Our challenge lay in finding a scalable solution
in the same price range as Ethernet equipment. The Madge DeskStream
solution is unique in the Token Ring market. It is an innovative,
easy to implement and attractively priced product that is compatible
with our existing equipment.
"We initially implemented 18 Madge Networks switches but then
expanded the project with another phase implementation for 14 additional
DeskStream switches. Our collaboration with Madge Networks has been
very positive and we are very impressed with the Madge solutions and
the immediate benefits they offer to Crédit Agricole Centre
France. We will be looking to work with Madge for future projects.
The best-of-breed Madge Networks products have been installed at two
Crédit Agricole Centre France buildings located in Clermont
Ferrans, France, including the company's headquarters where 15 switches
are being used to power 300 desktops," J.C. Siauve added.
About Crédit Agricole Centre France
Crédit Agricole Centre France is a market-leading bank in four
French districts - Puy-de-Dóme, Allier, Creuse and Corréze
- and has 1,850 employees. In 1999, Crédit Agricole Centre
France had 45.1 per cent of the banking market shares and is one of
the top regional banks of the Crédit Agricole bank grouping.
About Madge Networks N.V.
Madge Networks N.V. (NASDAQ NM: MADGF) is a global supplier of advanced
networking product solutions to large enterprises, and is the
market leader in Token Ring. Madge is pioneering next generation
networking
solutions, which enable the painless deployment of 100Mbps and
Gigabit speed IP-based applications within existing corporate
networks while
protecting customers' investments in Token Ring. Madge Networks
also has an associate company, Red-M™, a leading supplier
of wireless networking product solutions. The Company's main business
centers are located in Wexham Springs, United Kingdom and New York,
USA. Information about Madge's complete range of products and services
can be accessed at www.Madge.com.
Private Securities Litigation Reform Act Statement
Investors should take note that certain statements in this press
release are forward-looking and may not give full weight to all
of the potential
risks (e.g. difficulty of developing high technology products,
changing industry standards, competition, the challenge of managing
expenses
to changing revenue and changed priorities and resource allocation
resulting from these and other factors). Forward-looking statements
in this press release include statements that refer to the dramatic
increase in existing Token Ring performance from shared 4/16Mbps
Full Duplex, the increased bandwidth, performance and improvement
in network efficiency, the greater reliability enabling the use
of new, higher bandwidth applications, the full compatability
with Crédit Agricole's existing infrastructure and other statements,
which are not completely historical. Actual results, actions or
events could differ materially. For more information on risk factors,
please refer to Madge's SEC filings.
Madge Networks, Madge Networks, the Madge logo, and Smart DeskStream
are trademarks, and in some jurisdictions may be registered trademarks
of Madge Networks or its affiliated companies. Red-M is a trademark,
and in some jurisdictions may be a registered trademark of Red-M (Communications)
Limited. Other trademarks in this document are the property of their
respective owners.
For further information, please contact:
In the UK:
Simon Drennan
Madge Networks
Tel: +44 1753 661 000
Email: simon.drennan@madge.com In the UK:
Simon Gribbon
IBA, PR for Madge Networks
Tel: +44 1780 721 433
sgribbon@iba-europe.com
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