Chipcom Corporation Announces Sumitomo Bank Capital Markets selects Chipcom's Switching Systems

Sumitomo Bank Capital Markets, a division of Sumitomo Bank Limited, has selected Chipcom's switching systems as the foundation for its worldwide financial trading network. The network links traders, risk managers, and back-office administrative personnel to trade processing histories, real-time stock market information, and other market data applications. This Chipcom-based networking infrastructure is also being used by Sumitomo Bank Limited and other divisions of the bank. The network, employing Chipcom's ONcore Switching Systems and Galactica Network Switching Hubs, connects 1,200 nodes throughout its New York office and satellite offices in Hong Kong and London.

Key Takeaways:

• Sumitomo Bank Capital Markets selected Chipcom's switching systems for its worldwide financial trading network, linking traders, risk managers, and back-office personnel to trade processing histories and real-time market data.
• The network, employing Chipcom's ONcore Switching Systems and Galactica Network Switching Hubs, connects 1,200 nodes throughout its New York office and satellite offices in Hong Kong and London.
• The critical applications on the Sumitomo network include the UNIX trade/client database and market data system for providing client histories and real-time financial market information.
• Chipcom's ONdemand NCS network management software manages the network, ensuring network availability and reliability at all times.
• Sumitomo Bank Capital Markets is planning to further develop its Chipcom next-generation network by adding 100 megabits-per-second Ethernet and FDDI switching functionality to satisfy bandwidth demands.
• The company is also planning to implement interactive video and document sharing in the near future.

Statistics:

• Chipcom's 1994 fiscal year revenue reached $268 million, a 67 percent increase over 1993.
• Chipcom is the world's third-largest supplier of intelligent hubs, according to market research firm Dataquest, Inc.
• The company has a presence in more than 40 countries and employs over 925 people worldwide.
• Chipcom has been cited by Fortune magazine as one of the 100 fastest-growing companies in America for the third consecutive year.

Sources:

• Business Wire, "Chipcom Corporation Announces Sumitomo Bank Capital Markets Selects Chipcom's Switching Systems" (July 10, 1995)
• Chipcom Corporation, "Chipcom Delivers Next-Generation Network for Sumitomo Bank Capital Markets" (Press Release)
• Dataquest, Inc. (market research firm)
• Fortune magazine ("100 Fastest-Growing Companies in America")
• Beaupre & Co. Public Relations (Chipcom's public relations firm)
• Chipcom Corporation (Company Overview)