Net Insight receives order from SAVVIS under a restructured purchase agreement
October 13, 2006 - Stockholm - Net Insight today announced the restructuring of a purchase agreement between Net Insight and SAVVIS Communications Corporation originally signed in June 2005. Under terms of the restructured agreement, Net Insight today received an order for delivery of equipment to support SAVVIS’ focus on the media & entertainment industry. The delivery includes upgrades of the existing network as well as new equipment to support new and existing customers. While the specific timing or value under the renegotiated agreement is not being disclosed, the value during 2006 is projected to be lower than the original.
“SAVVIS is a highly regarded service provider that has had Net Insight equipment for several years and this order strengthens our relationship”, said Anders Persson, Executive Vice President for Net Insight. “Net Insight receives increasingly strong and positive feedback from all of our customers and we are confident that our offer is the worlds best transport solution for video and media. Our Nimbra platform is also an outstanding platform for combining video, data, and voice traffic in one network.”
“SAVVIS is pleased to work with Net Insight to assist media companies in addressing their increasing needs to support High Definition production, Digital Cinema workflows, and distribution to an ever expanding array of consumption outlets,” said Bryan Doerr, Chief Technical Officer for SAVVIS. “The combination of SAVVIS’ high performance global network and Net Insight’s Nimbra platform introduces a compelling new solution to the market, and establishes a gateway for SAVVIS’ value-added Media Services.”
About Net Insight
Net Insight develops video, voice and data networking equipment that delivers guaranteed 100% QoS with maximum network utilization and multicast to provide a network that can efficiently and economically deliver advanced video services such as HDTV, Video on Demand and Digital Television combined with Internet and voice traffic. Our Nimbra platform enables our customers to launch new revenue generating TV and video related services for Broadcast TV, CATV, Telco Triple Play and DVB-T with significantly reduced CAPEX and OPEX. Net Insight is quoted on the Stockholm Stock Exchange´s list Swedish Shares – Small Cap, and has offices in Sweden and the USA. For more information, visit www.netinsight.net
- Contact Information
- Anders Persson
- Executive Vice President
- Net Insight AB
- Contact via E-mail
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