'Telepresence' technology contract awarded to Cisco by Bank of America

31 March 2010

Financial service provider Bank of American has awarded a technology contract to Cisco, which will see 200 telephone units being installed across its global network by the end of 2010.

According to the IT technology provider, CiscoTelepresence system provides a simulation of a meeting by using state-of-the-art video and audio technology to create a virtual conference room.

Cisco explained that the new technology should improve efficiency across organisations as well as help teambuilding.

Marc Gordon, BoFA chief technology officer, said: “This global Cisco TelePresence deployment will help our associates collaborate and integrate even more effectively as we deliver all of our capabilities to customers and clients worldwide.

“This is an example of our commitment to use innovative technology to address real business opportunities.”
He added: “The technology also will help associates better manage work-life balance by providing flexible meeting options, and in some cases reducing the need to travel

Participants from up to 48 locations can meet using the technology while it can be set up without IT support or ‘dialing in’.

BoFA recently announced the addition of seven new staff members to its global corporate banking team.

By Jim Ottewill

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