Financial Giant Euronet Secures $100,000 Savings with Expand Networks’ WAN Optimization

Expand Networks Banks Success with Euronet India and Demonstrating Continued Leadership in APAC Markets

ROSELAND, N.J., Tuesday, September 14th 2010 [ME NewsWire]:

(BUSINESS WIRE)-- Expand Networks (www.expand.com) the leader in WAN optimization for branch office consolidation and virtualization, has been chosen by a global provider of electronic payment and transaction processing solutions, Euronet Worldwide, to assure service availability and optimum network performance. This latest project, with Euronet India, demonstrates Expand Networks’ continued market dominance in the APAC region and is set to provide Euronet cost-savings of over $100,000.

With its core business focused on processing high numbers of electronic financial transactions, the reliability and speed of network performance is critical to Euronet. Experiencing a significant increase in the volume of transactions, Euronet began facing problems with remote data replication and network performance.

“Even though Telecommunication lines are not cheap, the business was ready to spend money to double the bandwidth in order to overcome the problem with network performance,” said Ashish Mehta, Director IT & Infrastructure (Asia Pacific & Middle East). He explained that the team initially upgraded to 20% more bandwidth; however the problem was not resolved. “Even after the bandwidth upgrade, we experienced data lag between primary and remote sites. With the continued growth in transaction numbers, we knew this couldn’t be a long lasting solution. Instead, we looked for a long-term strategic solution and WAN Optimization was the answer.”

Euronet conducted an evaluation of the WAN optimization market and tested solutions including Riverbed and Expand Networks. According to Euronet, there were four stand-out benefits that placed Expand above other solutions. Perhaps the most significant; Euronet found that not all WAN optimization solutions they tested supported its AS400-Mimix environment, while Expand excelled. Mr. Mehta continued, “Expand could reduce traffic by up to 70% using it’s byte level caching, which is fantastic. Expand could also help guarantee security with the IP-Sec protocol - a must for a financial organization like us. The solution’s unique combination of acceleration and compression techniques was the only solution that demonstrated the ability to resolve our network performance issues.”

Expand Networks’ Accelerators are consistently producing 65% increase in network performance at Euronet. Over a three year period, the company will see over $100,000 in cost-savings due to the reduction in expensive telecom services. Mr. Mehta concluded, “With this solution, we now feel confident to implement this optimization strategy in other countries. Having experienced the benefits of the Expand solution, the technology will allow us to grow our business in places where high latency networks or costly telecoms lines had previously constrained us.”

Adam Davison, VP Sales and Marketing, at Expand concludes, “Working within the finance sector it is essential that Euronet can deliver network services quickly in order to support its service delivery to customers. Euronet understood that increasing bandwidth to continuously combat poor network performance is simply not an effective long term strategy. By looking beyond a ‘quick-fix’ solution and choosing Expand’s Accelerators they are now experiencing optimum network performance, and a real return on investment, with cost savings of over $100,000.”