Penril Datability Networks Partners with ArgusSoft for Moscow Bank Project

Strategic Insights -

Penril Datability Networks has announced a partnership with Moscow-based distributor ArgusSoft to provide consulting and networking equipment to the savings bank of the Russian Federation, Moscow Bank. The project, expected to be completed within one year, will connect over 700 branch offices via 35 regional centers and back to the bank's headquarters in Moscow. This partnership is a significant step for Penril in its international business strategy, focusing on providing advanced networking solutions in the remote access, network management, and modem arenas for both national and international markets.

Key Takeaways:

  • Penril Datability Networks has partnered with ArgusSoft to supply and install networking equipment for Moscow Bank, one of the largest banking institutions in Russia.
  • The project involves connecting over 700 branch offices via 35 regional centers and back to the bank's headquarters in Moscow.
  • Penril's Alliance V.34 modems, VCX 100 and VCX 250 access servers, and Series 6000 management system will be installed to provide corporate-wide access.
  • The partnership is part of Penril's international business strategy to provide advanced networking solutions for the national and international markets.
  • Penril has a strong presence in Europe, particularly in Poland and Romania, and has received the Department of Commerce E-Award for excellence in exporting.
  • Penril's international distribution strategy involves selling through indirect channels, such as distributors, systems integrators, and original equipment manufacturers (OEMs).
  • Penril Datability Networks is a division of Penril DataComm Networks Inc. and is headquartered in Gaithersburg, Md.

Statistics:

  • Over 700 branch offices will be connected via 35 regional centers and back to the bank's headquarters in Moscow.
  • Penril's revenue exceeds $70 million annually.
  • Penril DataComm Networks has over 350 employees.