RealTime IT News

Datacraft Secures $25 Million Singapore Deal

[Johannesburg, SOUTH AFRICA] Datacraft Asia, a subsidiary of LSE-listed Dimension Data, announced on Tuesday that it has concluded a deal with Singapore's DBS Bank to implement an Internet Protocol (IP) network connecting the bank's employees, trade partners and customers in the region. Datacraft revealed that it will cost about $25 million to design and implement this IP network which is based on Cisco Systems.

Datacraft says that the IP network will improve upon DBS' existing networks, providing enhanced bandwidth and enabling the bank to operate high-speed e-business applications. The Bank revealed that the new network will allow it to implement services such as multi-service video broadcasting, Internet-based support systems and e-learning facilities.

The DBS deal is another prestigious name which Datacraft will be able to add to an already impressive portfolio. The Singaporean bank is ranked as the seventieth largest financial institution in the world and is the flagship of the DBS Holdings Group, the biggest banking operation in Southeast Asia. Other high-profile companies for which Datacraft has provided networking services include ABN Amro, American Express, Chase Manhattan, Citibank, Deutsche Bank, Merrill Lynch and HSBC.

Dimension Data's Bruce Watson believes that this deal is testament to the high regard in which Datacraft is held in the Asian region.

Over the course of the last year, the company has successfully implemented IP networks in a number of large Asian businesses, cementing the company's position as a high-profile networking solutions enterprise. Datacraft also recently designed and installed the first IP network in the Korean financial sector for the stock broking division of the Hyundai Corporation, Hyundai Securities.