Verizon to upgrade SD-WAN at 49 National Labor Relations Board locations

Rhea-AI Summary

Verizon has secured a $4 million task-order agreement with the National Labor Relations Board (NLRB) under the Enterprise Infrastructure Solutions (EIS) contract. The deal involves upgrading and reconfiguring SD-WAN at all 48 NLRB branch offices and headquarters. Verizon will also provide new distributed security infrastructure and cloud hosting services.

This win reinforces Verizon's position as a leading EIS service provider for federal agencies. The company's SD-WAN offering enables organizations to create application-driven, agile, and secure networks while controlling costs. Verizon recently announced a similar 1,000-site rollout for the Commonwealth of Virginia in April.

Positive

• Secured a $4 million contract with NLRB
• Strengthens Verizon's position as a leading EIS provider for federal agencies
• Expands Verizon's SD-WAN services in the public sector

Negative

• None.

Technology Analyst

Verizon's $4 million contract with NLRB for SD-WAN upgrades highlights the growing importance of network modernization in the public sector. This deal, while modest in size, reinforces Verizon's strong position in the federal market. The upgrade to SD-WAN technology across 49 NLRB locations will likely improve network agility, security and cost-efficiency for the agency.

The inclusion of distributed security infrastructure and cloud hosting services in the package indicates a comprehensive approach to digital transformation. This aligns with the broader trend of government agencies adopting cloud-first strategies. While this contract alone may not significantly impact Verizon's bottom line, it strengthens the company's foothold in the lucrative federal IT modernization market, estimated to be worth $100 billion annually.

Telecommunications Industry Expert

Verizon's latest contract with NLRB underscores the telecom giant's strategic focus on the public sector market. The deal, though relatively small at $4 million, is significant as it demonstrates Verizon's ability to secure contracts across various federal agencies. This diversification helps mitigate risks associated with overreliance on any single government client.

The emphasis on SD-WAN technology is particularly noteworthy. As organizations increasingly rely on cloud-based applications, the demand for flexible, secure and cost-effective networking solutions like SD-WAN is surging. Verizon's success in this space, evidenced by contracts like the 1,000-site rollout for Virginia, positions the company well in a market expected to grow at a CAGR of 34.5% through 2028.

WASHINGTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Verizon today announced a new Enterprise Infrastructure Solutions (EIS) contract with the National Labor Relations Board (NLRB), an independent federal agency tasked with protecting the rights of private sector employees. Under the terms of the $4 million task-order agreement, Verizon is set to re-configure and upgrade NLRB’s Software-Defined Wide Area Network (SD-WAN) at all 48 branch offices and at HQ. Additionally, Verizon’s solution includes new distributed security infrastructure and cloud hosting services.

“The NLRB win reaffirms Verizon’s market position as the premier provider of EIS services to federal agencies,” said Michael Adams, Associate Vice President, Federal Civilian Business at Verizon. “This win speaks to the quality of our solutions as well as to the fantastic relationship we have developed with the NLRB. Key to our success is our ability to create meaningful customer relationships that enable us to tailor our solutions to specific needs.”

Verizon’s SD-WAN offering enables organizations to install application-driven, agile and secure networks. A software-defined wide area network helps these organizations meet the demands of smooth application performance while controlling costs.

Among Verizon’s latest SD-WAN contracts in the public sector is a 1,000-site rollout for the Commonwealth of Virginia, announced in April.

Click here for more information on SD-WAN and other Verizon Public Sector solutions.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Geoffrey Basye
geoffrey.basye@verizon.com
(202) 748-1882

FAQ

What is the value of Verizon's new contract with NLRB?

Verizon's new contract with the National Labor Relations Board (NLRB) is valued at $4 million.

How many NLRB locations will Verizon upgrade with SD-WAN?

Verizon will upgrade SD-WAN at 49 National Labor Relations Board locations, including 48 branch offices and the headquarters.

What services will Verizon provide to NLRB under the new contract?

Verizon will reconfigure and upgrade SD-WAN, provide new distributed security infrastructure, and offer cloud hosting services to NLRB.

Has Verizon (VZ) secured any other recent SD-WAN contracts in the public sector?

Yes, Verizon recently announced a 1,000-site SD-WAN rollout for the Commonwealth of Virginia in April 2024.