MCLEAN, Va. - Seeking to widen its electronic net to capture more outsourcing clients, Savings and Loan Data Corp. has awarded GTE Spacenet Corp. a multiyear contract for a satellite-based telecommunications system.
The satellite network will allow S&L Data to offer a broad range of data-processing services to more than 200 customer facilities.
The amount of the contract was not disclosed.
|Speed and Reliability'
"This network will provide us with the speed and reliability to get new customers on-line quickly and efficiently while continuing to deliver the highest-quality service possible on our system," said Stephen E. Clear, Savings & Loan Data president.
"The speed of the network will also allow us to provide |big bank' services to smaller banks, savings and loans, and other financial institutions in rural areas."
The new network's hub will be located at S&L Data's headquarters in Cincinnati, and Very Small Aperture Terminals, or VSATs, will be placed at all of the company's customer locations throughout an 18-state area in the Midwest.
The network will be provided over a satellite operated by GTE Spacenet.