updated 4/4/2011 8:16:27 AM ET 2011-04-04T12:16:27

CHICAGO and CAGLIARI, Italy, April 4, 2011 (GLOBE NEWSWIRE) -- Tinet, a Neutral Tandem company (Nasdaq:TNDM), announced today the launch of its global wholesale offering, "EtherCloud."   EtherCloud is a Layer 2 platform connecting diverse partner networks into a holistic Ethernet cloud that delivers end-to-end Ethernet and VPLS connectivity around the world. EtherCloud is the result of extensive product and systems integration of the independent Ethernet offers from Tinet and Neutral Tandem.  

"EtherCloud seamlessly interconnects diverse networks, simplifying the delivery of Ethernet and VPLS services on a global basis," said Surendra Saboo, President and Chief Operating Officer of Neutral Tandem. "Customers are looking for a provider to assemble an end-to-end solution for their off-net Ethernet connectivity needs," said Roopashree Honnachari, Senior Industry Analyst, Business Communication Services, Frost and Sullivan. EtherCloud offers customers flexible interconnectivity options so they can choose where and how they want to interconnect at any of Tinet's 120 global Points of Presence. 

"We designed the service to deliver a compelling value proposition: to simplify and streamline customers' off-net interconnections, to extend their network reach and to market their local Ethernet services to customers worldwide," said Paolo Gambini, Chief Marketing Officer of Tinet.  "The offering is further strengthened by end-to-end SLAs to meet the demands of enterprise customers."   EtherCloud is well suited for a range of customers including local/regional carriers, ISPs, value added resellers and systems integrators.  Through a single E-NNI, EtherCloud members can buy Ethernet and VPLS connectivity and sell their own services to other EtherCloud members globally,

EtherCloud is supported by an intuitive and feature-rich customer portal built to simplify and expedite the way members request and receive information. Using the EtherCloud portal, customers can receive price quotes, check for available capacity, order services, and monitor service performance on an end-to-end basis. EtherCloud customers will be able to send a single order which includes the commercial terms and provisioning that will apply to the entire order including the PoP-to-PoP and tail circuit. In addition, the portal acts as a worldwide sales channel that funnels requests to its members for local Ethernet connectivity. 

EtherCloud is an innovative network-based approach that can adapt and solve connectivity issues while enabling end-to-end connectivity around the world in one, easy to connect, easy to configure, and flexible solution from a proven, global Network operator.  To learn more about EtherCloud, please visit www.ethercloud.tinet.net .

Cautions Concerning Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem's strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward‑looking statements Neutral Tandem makes. Factors that might cause such differences include, but are not limited to: risks associated with our ability to successfully develop and market EtherCloud services, including but not limited to identifying, obtaining, operating and maintaining attractive network switch sites, equipment, software and business support systems, such as our EtherCloud web portal; our inability to interconnect with third parties or obtain necessary third party rights or permits on a timely basis, if at all; cost estimation errors or overruns; material delays or shortages; and other factors, many of which are beyond our control and all of which could delay or negatively affect our ability to offer EtherCloud services; and other important factors included in our reports filed with the Securities and Exchange Commission, particularly in the "Risk Factors" section of Neutral Tandem's Annual Report on Form 10-K for the period ended December 31, 2010, as such Risk Factors may be updated from time to time in subsequent reports. Neutral Tandem does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

About Tinet

Tinet, a Neutral Tandem company, is a global carrier focused on the IP and Ethernet wholesale market. With network presence and customers in EMEA, Americas and APAC, Tinet provides global IP Transit and Ethernet connectivity to Carriers, Service and Content Providers worldwide, with industry leading provisioning intervals. Tinet provides customers with proactive management of SLAs and protection from DDoS attacks. Established in 2002, Tinet's unique business model, based on focus and simplicity, assures the delivery of the highest standard of service. Tinet has grown to become one of the top 10 global IPv4 backbones and has a leading IPv6 worldwide network. For more information on Tinet, please visit www.tinet.net

The Tinet logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7984

About Neutral Tandem, Inc.

Headquartered in Chicago, Neutral Tandem, Inc. provides voice, data and video interconnection services worldwide. Neutral Tandem recently acquired Tinet, a global carrier focused on the IP Transit and Ethernet wholesale market. The acquisition combines Neutral Tandem's interconnection services for wireless, wireline, cable and broadband companies with Tinet's global IP backbone. Collectively, Neutral Tandem provides voice, IP Transit and Ethernet solutions to carriers, service providers, and content management firms worldwide. With over 100 Ethernet sites, the company is now the largest global Ethernet interconnection provider, a top 10 global IPv4 backbone provider and has a leading IPv6 network. Please visit Neutral Tandem's website at www.neutraltandem.com and follow us on Twitter@NeutralTandem.

The Neutral Tandem, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3797

CONTACT:  Media Contact:
          Jaymie Scotto & Associates
          Ilissa Miller
          1-866-695-3629
          pr@jaymiescotto.com
          Twitter: @NeutralTandem
         
          Investor Contact:
          Neutral Tandem, Inc.
          Jim Polson
          1-866-268-4744

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.38%
$30K home equity loan FICO 4.98%
$75K home equity loan FICO 4.40%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 10.87%
10.87%
Cash Back Cards 16.36%
16.33%
Rewards Cards 15.93%
15.92%
Source: Bankrate.com