Cisco Lands Bank Of AmericaTelePresence Deal

Bank of America Chief Technology Officer Marc Gordon said deploying Cisco TelePresence will provide the bank with significant, sustainable benefits.

"This global Cisco TelePresence deployment will help our associates collaborate and integrate even more effectively as we deliver all of our capabilities to customers and clients worldwide," he said. "This is an example of our commitment to use innovative technology to address real business opportunities.

"The technology also will help associates better manage work-life balance by providing flexible meeting options, and in some cases reducing the need to travel."

1) Simplified adoption and management: The managed service approach allows the bank to deploy TelePresence quickly and under a unique arrangement, obtain full service from Cisco. Cisco will install, support, refresh and maintain the TelePresence equipment. Cisco also will provide active monitoring, technical support and concierge service.

2) Use of existing facilities: Bank of America can take advantage of its own facilities and core data network.

3) Intercompany collaboration: Cisco will work with its certified channel and service-providers to enable Bank of America associates to use Cisco TelePresence to meet with external partners who also have TelePresence technology.