Global Growth
SAO PAULO, Brazil, Nov. 28 /-FirstCall/ -- AT&T Inc. (NYSE: T) today announced that Parker Hannifin Corp. (NYSE: PH) selected AT&T for a multiyear contract to supply Virtual Private Network (VPN) services that will link Parker operations in Brazil with its global corporate network, also provided by AT&T.
With annual revenues of more than $9 billion, Parker is a leading diversified manufacturer of products and systems for the global motion and control industry. Its technologies include hydraulics, pneumatics, electromechanical, sealing, aerospace, refrigeration, filtration and fluid handling. The company has a significant presence in Brazil, where it operates manufacturing plants, subsidiaries and distributors in Joinville, Belo Horizonte, Rio de Janeiro, Campinas, Recife, Sao Paulo, Diadema, Cachoeirinha, Jacarei and Sao Jose dos Campos.
The AT&T-Parker contract extends a long-standing relationship between the two companies. Under the terms of the new agreement, AT&T will provide virtual network services based on Internet Protocol VPN (IP VPN) to integrate Parker's production, operation and distribution units in Brazil to more than 100 units in three continents. AT&T network services are based on a Multiprotocol Label Switching (MPLS) platform, which prioritizes and routes network data across the most efficient and accurate network path. As a result, Parker benefits from network flexibility, security and high-level performance on a global scale.
"At Parker, partnering with our customers to help them improve their profitability are key differentiators of our products and solutions in the global markets. Our infrastructure is sophisticated and requires leading network providers, such as AT&T, to maintain our network's flexibility and security with reliable and consistent services across our hundreds of different locations," said Mr. Paulo Loureiro Garcia, group IT manager of Parker Hannifin Corporation, Latin America. "The global growth of our businesses has made it essential for us to have global solutions that can accommodate such expansion and support mission-critical operations."
AT&T's VPN services allow for a robust deployment of mission-critical applications over Parker's corporate network with real-time access from offices or remote locations. Its employees will have access to corporate databases for sales, marketing and production applications. This integrated solution consolidates Parker's global network, enabling operational and ownership cost-reductions as well as management efficiencies such as centralized billing and other services. In addition, AT&T's solution will ensure a high level of security and support Parker's business continuity processes by protecting its services and applications from potential network disruptions.
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About Parker Hannifin
With annual sales exceeding $9 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com , or its investor information site at http://www.phstock.com .
About AT&T
AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high speed DSL Internet, local and long distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with 58.7 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at http://www.att.com .
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