AT&T Wins Networking Contract with Jackson National Life Insurance
Lansing, Michigan, August 8, 2007
AT&T Inc. (NYSE:T) has announced that PGDS, an information technology (IT) services subsidiary of Jackson National Life Insurance Company, has awarded AT&T a five-year $1.6 million contract. The contract is for international private line voice and data services that link Jackson's headquarters in Lansing with operations in the United Kingdom.
Jackson creates, manages and distributes a diverse portfolio of financial products that can be used by independent broker-dealers and advisers as they help their clients plan for retirement. To enhance Jackson's position in what has become a highly competitive retirement marketplace, PGDS is relying on AT&T's networking solution to strengthen PGDS's in-house technology capabilities to develop innovative products and services that help financial advisers meet the needs of their clients.
The high speed private line connection will enable PGDS to consolidate Jackson's mainframe and midrange computing systems and applications at one data center location in Lansing. The high bandwidth allows for a fast connection to reduce latency and enables the client to run high-performance applications anywhere across the enterprise.
PGDS's data center consolidation project will streamline Jackson's data infrastructure, eliminate duplication and reduce costs. In addition, the firm will be able to improve end-user productivity and efficiency by standardizing applications across all of Jackson's locations in Europe and the U.S.
"The quality and reliability of AT&T's services will help us consolidate data services and provide our associates around the world with standardized applications and communications capabilities," said Keith Moore, chief technology officer-Global Data Services for Jackson's parent company, Prudential plc, an international financial services firm with headquarters in London.
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About Jackson National Life Insurance Company
With more than $74 billion in assets (GAAP)*, Jackson National Life Insurance Company, headquartered in Lansing, Michigan, (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson's subsidiary, Jackson National Life Insurance Company of New York® (Purchase, New York), similarly markets fixed and variable annuities in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management, retail mutual funds and retail brokerage services. For more information, visit www.jnl.com.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.
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