ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Verizon Lands $145.7M Digital Modernization Contract with United States Postal Service

WASHINGTON, May 31, 2023 (GLOBE NEWSWIRE) -- Verizon Business today announced a 10-year contract worth up to $145,700,000 with the United States Postal Service (USPS). The award builds on Verizon’s existing technology and positions Verizon as the USPS’ key strategic contact center and customer experience partner.

Under the terms of the agreement, Verizon will deliver a number of infrastructure upgrades, including a transition to cloud solutions supported by real-time reporting, monitoring and administration, as well as ongoing physical infrastructure enhancements for host servers, storage arrays, and other equipment. Verizon’s solutions will help eliminate the need for premise infrastructure, software licenses, or hardware, thereby reducing the burden on USPS’ IT personnel and lowering operational costs. Verizon’s technology solutions will deliver an agile, robust, scalable, and flexible infrastructure that will provide significant business value in the near term and prepare USPS strategically for the future.

Additionally, the migration to the new cloud platform will expedite USPS’ integration of artificial intelligence capabilities, which will improve customer satisfaction by providing more intelligent, high-quality responses to inquiries. Verizon will also help USPS move to a multichannel platform that supports email, SMS, chat and more.

Verizon will provide support for 80 million annual interactions with 4,500 contact center agents across 10 business units. This contract builds on a successful, 25-year partnership between Verizon and USPS.

“Working with our USPS partners, Verizon will bring our Network as a Service offering to life, making their customer service network smarter and to make the customer support systems run more efficiently,” said Maggie Hallbach, Senior Vice President of Verizon Public Sector and President of Verizon Frontline. “It’s no secret, today’s consumers expect immediate, personalized support. That’s a very high bar when you’re serving tens of millions of customers. Our digital solutions will relieve some of that administrative burden so USPS can focus on providing an invaluable service for our country.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

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


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.