IN THE NEWS
CapitalSource Goes Live with TeleContinuity’s Emergency Backup Voice Network
CONTACT:
Michael Rosenberg, TeleContinuity, Inc.
(240) 453-6238, mrosenberg@telecontinuity.com
ROCKVILLE, MARYLAND (June 27, 2005) – TeleContinuity announced today that CapitalSource, Inc. has implemented the TeleContinuity Service and is starting by first providing the TeleContinuity service to its offices in New York City. CapitalSource selected TeleContinuity to provide critical backup telecommunications continuity to overcome frequent outages that have disrupted crucial and time-sensitive business operations.
The TeleContinuity survivable telephone backup service is a network-level solution that restores incoming telephone service to users within minutes of a terror attack, PBX failure, fiber cut, fire, flood, building evacuation, or other catastrophic event. The TeleContinuity solution gives a government or business entity total control of its telephone service during an emergency. Subscribers can easily reroute their calls to maintain continuity of telephone service during building evacuations, service cutoffs or telco outages. Incoming calls can be delivered to any location and over any device, whether a landline phone, cell phone, or VoIP enabled device such as a PC, laptop, or PDA.
“Until now, the financial services industry lacked a viable enterprise-wide solution for recovery from telecommunication outages.” said Chris Woods, Chief Technology Officer for CapitalSource. “Additionally, the TeleContinuity Service is easy to implement, feature rich and provides CapitalSource with a variety of different activation interfaces to invoke the Service. Voice recovery is essential to our operations and with the TeleContinuity Service, even during an outage or evacuation, we can be confident that business will continue as usual.”
The TeleContinuity survivable telephone backup service is a network-level solution that restores incoming telephone service to users within minutes of a terror attack, PBX failure, fiber cut, fire, flood, building evacuation, or other catastrophic event. The TeleContinuity solution gives a government or business entity total control of its telephone service during an emergency. Subscribers can easily reroute their calls to maintain continuity of telephone service during building evacuations, service cutoffs or telco outages. Incoming calls can be delivered to any location and over any device, whether a landline phone, cell phone, or VoIP enabled device such as a PC, laptop, or PDA.
"We are extremely excited about having CapitalSource as a customer,” said Roy Pinchot, CEO of TeleContinuity. “CapitalSource has implemented the TeleContinuity Service in conjunction with Verizon’s Switch Redirect Service in New York City. By combining a carrier based forwarding service like Switch Redirect with TeleContinuity, our customers are able to create a flexible, survivable and transparent voice recovery solution that only TeleContinuity can offer.”
Through TeleContinuity's proprietary intelligent communications routing, unique switching technology and geographically dispersed network, users can easily activate their service within minutes of a telephone service disruption and restore incoming and outgoing call service by switching their telephone service into TeleContinuity’s network. TeleContinuity's technology makes this possible because it sends call through available circuits on both the public switched telephone network and the Internet. The TeleContinuity voice network route is established on the fly and in real time by linking together routes from a variety of network routing options.
About CapitalSource, Inc.
CapitalSource is a specialized commercial finance company offering asset-based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending businesses: Corporate Finance, Healthcare & Specialty Finance and Structured Finance. By offering a broad array of financial products, CapitalSource has issued more than $7.1 billion in loan commitments. Headquartered in Chevy Chase, MD, CapitalSource has a national network of offices in cities including Atlanta, Boston, Buffalo, Chicago, Dallas, Los Angeles, Nashville, New York, Philadelphia and San Francisco. For more information, visit www.capitalsource.com or call toll free at (866) 876-8723.
About TeleContinuity
Founded in the wake of September 11, 2001 and the subsequent anthrax attacks on Congress, TeleContinuity is focused on providing telecommunications-assurance services to government and businesses customers worldwide. Positioned as "telecommunications gap insurance," TeleContinuity delivers a seamless, low cost, network-level solution that will restore incoming telephone service to users within minutes of a PBX or telephone company failure, fiber cut, fire, flood, building evacuation, or catastrophic event. TeleContinuity, Inc. is a 2003 winner of The National Institute of Standards and Technology's Advanced Technology Program (NIST-ATP) Grant Competition. For more information, visit www.telecontinuity.com
For More Information Contact TeleContinuity, Inc. CEO, Roy Pinchot 240-453-6235 or at rpinchot@telecontinuity.com.