FLORHAM PARK, N.J.,
May 17, 2011 /PRNewswire/ -- Global
Crossing (NASDAQ: GLBC), a leading global IP solutions provider,
today announced Global Crossing Security Solutions, an enhanced
portfolio of security capabilities that allow customers to more
easily and thoroughly protect, manage and monitor enterprise
networks.
The new suite of security features includes a firewall,
intrusion prevention service, web content filtering, and antivirus
and anti-spam capabilities, and provides reporting and analysis via
Global Crossing's award-winning uCommand(TM) customer portal.
The company is using a new Security Information and Event
Management (SIEM) platform, which generates the reports and posts
them to the customer portal. The SIEM platform resides in the
Global Crossing Security Operations Center (SOC), where security
professionals, analysts and engineers monitor and assess customers'
network security. Located in Phoenix, Ariz., the global SOC provides
around-the-clock personal response to the security events of
customers around the world.
Global Crossing customers also now have access to a full array
of professional services from Global Crossing Security Consulting.
These consulting services provide security assessments and
audits, penetration testing, and vulnerability evaluations.
Global Crossing professionals also review and create security
policies and provide on-site incident response services.
"As multinational enterprises face an ever-increasing number of
security threats to their networks, Global Crossing recognizes the
need to address – in a holistic manner – the entire spectrum of
these potentially revenue-impacting attacks," said Dave Carey, Global Crossing's chief marketing
officer. "Global Crossing Security Solutions cost-effectively
extends our customers' limited IT and security resources, and lets
them concentrate on their core business while we keep their
networks hardened and secure."
According to independent research firm Forrester Research, the
estimated size of the global managed security services market is
about $4.5 billion, which includes
outsourced and software-as-a-service (SaaS) security services, as
well as annualized security operations.(1)
Global Crossing Security Solutions draws on the expertise and
industry leadership of two well-known security industry players:
ArcSight, an HP company, and Fortinet.
The company is using the ArcSight Enterprise Threat and Risk
Management platform to provide complete visibility across a
customer's IT infrastructure in order to proactively monitor and
manage business risk. The ArcSight platform includes the
industry's leading SIEM products for collecting, analyzing and
assessing security and risk event information, and will provide
external reporting to Global Crossing customers via the company's
self-service portal, uCommand. Gartner Inc. has positioned
ArcSight in the Leaders quadrant of the analyst firm's 2010 report,
"Magic Quadrant for Security Information and Event Management
(SIEM)."(2) Gartner examined 20 vendors for this report.
Nine are point-solution vendors and 11 are vendors that sell
additional security or operations products and services that offer
wired or wireless service, or both.
FortiGate® appliances, developed by Fortinet, are deployed at
customer locations and enhance Global Crossing's ability to provide
a fully managed solution. Specifically, for the Global
Crossing solution, the appliances provide firewall, intrusion
protection, application control, web content filtering, and
antivirus and anti-spam capabilities. The appliances send
logs of events on those activities to the ArcSight platform for
analysis by security operations center staff. Gartner Inc.
has positioned Fortinet in the Leaders quadrant of the analyst
firm's report, "Magic Quadrant for Unified Threat Management."(3)
Gartner examined 13 companies that provide network security,
web security and email security software and/or hardware
products.
Global Crossing's "Culture of Security," derived from its
Network Security Agreement with the
United States government, plays heavily into its ability to
differentiate itself from its competitors. This
comprehensive, landmark agreement covers the areas of physical,
logical, information, and personnel security, and sets the bar
higher for network security in the telecommunications industry in
several unique and important ways that benefit Global Crossing's
customers. Similarly, the Global Crossing IP VPN for the UK
Government has been evaluated to Evaluation Assurance Level 2.
This process provides independent and impartial testing,
proving network security as well as confidence and trust to
subscribers.
Global Crossing's uCommand self-service portal is an integral
component of the company's customer experience initiative and a
crucial resource that supports the company's longstanding
commitment to customer satisfaction. It gives customers
access to network management capabilities and services, and
real-time performance monitoring. Customers can manage
network alarms and interact with service delivery and assurance
teams through a customized, interactive map. The map gives
customers circuit-by-circuit, location-specific detail and allows
them to drill down on network locations to get more information,
such as status of pending orders or trouble tickets, or planned
maintenance activities undertaken by Global Crossing.
(1) The Forrester Wave™: Managed Security Services, Q3 2010.
Forrester Research, Inc., August 10,
2010.
(2) Gartner. Inc., "2010 Magic Quadrant for Security
Information and Event Management (SIEM)" by Mark Nicolett and Kelly
Kavanagh, May 13, 2010.
(3) Gartner, Inc., "Magic Quadrant for Unified Threat
Management" by John Pescatore and
Bob Walder, Oct. 22, 2010.
About The Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is
reused with permission. The Magic Quadrant is a graphical
representation of a marketplace at and for a specific time period.
It depicts Gartner's analysis of how certain vendors measure
against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in
the Magic Quadrant, and does not advise technology users to select
only those vendors placed in the "Leaders" quadrant. The Magic
Quadrant is intended solely as a research tool, and is not meant to
be a specific guide to action. Gartner disclaims all warranties,
express or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular
purpose.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) is a leading global IP, Ethernet,
data center and video solutions provider with the world's first
integrated global IP-based network. The company offers a full
range of data, voice, collaboration, broadcast and media services
delivered with superior customer service.
Global Crossing provides services to enterprises (including
approximately 40 percent of the Fortune 500); government
departments and agencies; and 700 carriers, mobile operators and
ISPs. It delivers converged IP services to more than 700
cities in more than 70 countries, and has 17 world-class data
centers in major business centers around the globe.
Please visit www.globalcrossing.com for more information about
Global Crossing.
Website Access to Company Information
Global Crossing maintains a corporate website at
www.globalcrossing.com, and you can find additional information
about the company through the Investors pages on that website at
http://investors.globalcrossing.com. Global Crossing utilizes
its website as a channel of distribution of important information
about the company. Global Crossing routinely posts financial
and other important information regarding the company and its
business, financial condition and operations on the Investors web
pages.
Visitors to the Investors web pages can view and print copies of
Global Crossing's SEC filings, including periodic and current
reports on Forms 10-K, 10-Q, 8-K, and in respect of GCUK's Forms
20-F and 6-K, as soon as reasonably practicable after those filings
are made with the SEC. Copies of the charters for each of the
standing committees of Global Crossing's Board of Directors, its
Corporate Governance Guidelines, Ethics Policy, press releases and
analysts presentations are all available through the Investors web
pages.
Please note that the information contained on any of Global
Crossing's websites is not incorporated by reference in, or
considered to be a part of, any document unless expressly
incorporated by reference therein.
IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. The proposed amalgamation between
Level 3, Inc. ("Level 3") and Global Crossing Limited
("Global Crossing") announced on April 11,
2011 will be submitted to the stockholders of
Level 3 and the stockholders of Global Crossing for
their consideration. Level 3 and Global Crossing will
file a registration statement on Form S-4, a joint proxy
statement/prospectus and other relevant documents concerning the
proposed transaction with the SEC. Level 3 and Global
Crossing will each provide the final joint proxy
statement/prospectus to its respective stockholders.
Investors and security holders are urged to read the registration
statement and the joint proxy statement/prospectus and any other
relevant documents filed with the SEC when they become available,
as well as any amendments or supplements to those documents,
because they will contain important information about Level 3,
Global Crossing and the proposed transaction. Investors and
security holders will be able to obtain a free copy of the
registration statement and joint proxy statement/prospectus, as
well as other filings containing information about Level 3 and
Global Crossing free of charge at the SEC's Web Site at
http://www.sec.gov. In addition, the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Level 3 may be obtained free
of charge by directing such request to: Investor Relations,
Level 3, Inc., 1025 Eldorado Boulevard, Broomfield, Colorado 80021 or from
Level 3's Investor Relations page on its corporate
website at http://www.level3.com/ and the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Global Crossing be obtained free of
charge by directing such request to: Global Crossing by
telephone at (800) 836-0342 or by submitting a request by e-mail to
glbc@globalcrossing.com or a written request to the Secretary,
Wessex House, 45 Reid Street, Hamilton HM12 Bermuda or from Global Crossing's Investor
Relations page on its corporate website at
http://www.globalcrossing.com.
Level 3, Global Crossing and their respective directors,
executive officers, and certain other members of management and
employees may be deemed to be participants in the solicitation of
proxies in favor of the proposed transactions from the stockholders
of Level 3 and from the stockholders of Global Crossing,
respectively. Information about the directors and executive
officers of Level 3 is set forth in the proxy statement on
Schedule 14A for Level 3's 2011 Annual Meeting of
Stockholders, which was filed with the SEC on April 4, 2011 and information about the directors
and executive officers of Global Crossing is set forth in the proxy
statement for Global Crossing's 2011 Annual General Meeting of
Shareholders, which was filed with the SEC on April 29, 2011. Additional information regarding
participants in the proxy solicitation may be obtained by reading
the joint proxy statement/prospectus regarding the proposed
transaction when it becomes available.
This press release contains statements about expected future
events and financial results that are forward looking and subject
to risks and uncertainties that could cause the actual results to
differ materially, including: the failure to occur of any condition
to the closing of the acquisition of Global Crossing by Level 3 and
uncertainties as to the timing of the closing; the failure to
achieve or any delay in achieving expected synergies and other
financial benefits from the acquisition; changes in Global
Crossing's risk profile resulting from the acquisition; limitations
on Global Crossing's financial and operational flexibility that
arise under the covenants in the amalgamation agreement that could
restrict it from taking advantage of opportunities to strategically
enhance its business or improve its capital structure; delays or
reductions in purchases from Global Crossing by customers because
of their perceived uncertainty about its ability to meet their
needs after closing of the acquisition; disruptions in Global
Crossing's business due to current and prospective employees
experiencing uncertainty about their future roles with the company
and the diversion of their time and attention from ongoing business
operations; Global Crossing's history of substantial operating
losses and the fact that, in the near term, funds from operations
will not satisfy cash requirements; the availability of future
borrowings in an amount sufficient to pay Global Crossing's
indebtedness and to fund its other liquidity needs; legal and
contractual restrictions on the inter-company transfer of funds by
Global Crossing's subsidiaries; Global Crossing's ability to
continue to connect its network to incumbent carriers' networks or
maintain Internet peering arrangements on favorable terms; the
consequences of any inadvertent violation of Global Crossing's
Network Security Agreement with the U.S. Government; increased
competition and pricing pressures resulting from technology
advances and regulatory changes; competitive disadvantages relative
to competitors with superior resources; political, legal and other
risks due to Global Crossing's substantial international
operations; risks associated with movements in foreign currency
exchange rates; risks related to restrictions on the conversion of
the Venezuelan bolivar into U.S. dollars and to the resultant
buildup of a material excess bolivar cash balance, which is carried
on Global Crossing's books at the official exchange rate,
attributing to the bolivar a value that is significantly greater
than the value that would prevail on an open market; potential
weaknesses in internal controls of acquired businesses, and
difficulties in integrating internal controls of those businesses
with Global Crossing's own internal controls; exposure to
contingent liabilities; and other risks referenced from time to
time in Global Crossing's filings with the Securities and Exchange
Commission. Global Crossing undertakes no duty to update
information contained in this press release or in other public
disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contacts
Kate Rankin
+ 1 973 937 0417
Kate.Rankin@globalcrossing.com
Michael Schneider
UK and Europe Region
+44 1270 534204
Michael.Schneider@globalcrossing.com
Paula Vivo
Latin America
+ 55 11 3957 2424
Paula.Vivo@globalcrossing.com
Analysts/Investors Contact
Mark Gottlieb
+ 1 800 836 0342
glbc@globalcrossing.com
GEN/PR1
http://www.globalcrossing.com/enterprise/enterprise_security_solutions_landing.aspx
https://www.ucommand.com
http://www.globalcrossing.com/network/network_security.aspx
http://www.globalcrossing.com/think_ahead/think_ahead_customer_experience.aspx
SOURCE Global Crossing