Cisco has landed its largest TelePresence deal to date: Bank of America plans to deploy 200 of the virtual meeting systems globally. The bank currently uses 28 of the systems for employee meetings and training, according to this story by colleague Matt Hamblen of Computerworld.
Neither Bank of America nor Cisco would disclose the value of the deal. But Bank of America reached a managed services agreement with Cisco, meaning Cisco will install, support, maintain and refresh the telepresence gear, according to Hamblen.
The bank will use its own network to conduct the virtual conferences and to implement a telepresence extranet with external partners.
Bank of America says the TelePresence network will allow employees to collaborate more effectively by enabling flexibility in scheduling meetings, cutting down on travel and reducing the bank's carbon footprint. A single TelePresence room can run more than $250,000, but Procter and Gamble, which has a 70 system network, says it has saved $4 for every $1 invested in the systems through travel savings and productivity improvements, Hamblen reports.
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