Overview of Concentric: Concentric Network Corporation is an Internet
service provider that began in 1991 under the name of Engineered Video Concepts,
Inc., changed their name to Concentric Research Corporation in 1992 and began
network operations in 1994. In 1995, the company changed its name to Concentric
Network Corporation and reincorporated in 1997. The company offered public
stocks on August 1, 1997.
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Overview of Concentric
Principles of Budget and Finance
Overview of Concentric
Concentric Network Corporation is an Internet service provider that began in
1991 under the name of Engineered Video Concepts, Inc., changed their name to
Concentric Research Corporation in 1992 and began network operations in 1994. In
1995, the company changed its name to Concentric Network Corporation and
reincorporated in 1997. The company offered public stocks on August 1, 1997.
Since that time they have grown considerably by strategically acquiring
partnerships in the industry. Concentric offers Internet and networking
services. Their customers consist of individuals dial up Internet access, small
to medium businesses Web hosting, remote access, Internet telephony and
videoconferencing, and virtual private networks. Virtual private networks
consist of enterprise networks with hardware leased from a third party which
would be Concentric. Concentric relies on a high-performance, ATM-based network
that covers all of North America. Through different partnerships Concentric
Network now reaches South America, Europe, and the Pacific Rim.
The data communications services offered by public carries had limited
security features, were expensive and did not offer reliable transmission. Many
corporations established and maintained their own private Wide Area Networks (WANs)
to provide network-based services. Today, the need for WANs has grown
considerably due to companies wanting to offer better customer service and
quicker, smoother data transactions.
To start a WAN, a company must invest much of their capital as well as
constantly maintain upgrading and supporting their own WAN. Many companies have
decided to look to vendors offering already existing WANs, hardware and support
instead of maintaining their own WAN. This is where companies such as Concentric
get their customers.
The inception of the internet has caused widespread usage of certain
applications by companies, however, security and reliable performance have been
a strong concern of companies. Industry analysts expect the market size for both
value-added IP data networking services and Internet access to grow rapidly as
businesses and consumers increase their use of the Internet, intranets and
privately managed IP networks. According to industry analyst Forrester Research,
Inc., the total market for these services is projected to grow from $6.2 billion
in 1997 to approximately $49.7 billion in the year 2002.
Concentricís Business Strategy
Concentricís objective is to become the leading supplier of value-added,
IP-based network services worldwide. The company has elected to implement this
strategy using the following key principles: rapidly provide cost-effective,
tailored network solutions, optimize network utilization, acquire complementary
assets, technologies and businesses, employ leveraged marketing through
strategic partners, and deploy network services internationally. Concentric
offers many services to attempt to adequately attack their business strategy.
One of its service that is offered to not only smaller b
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