New York Life Acquires Property in Forsyth County

Company's Second Data Center to Complement Existing Facility in New Jersey

FORSYTH COUNTY, GA, May 5, 2003 — New York Life Insurance Company, the largest mutual life insurance company in the United States, and one of the largest insurers in the world, has completed its acquisition of a property at 5965 Cabot Parkway in south Forsyth County, the company announced today. The price was not disclosed.

New York Life plans to employ approximately 100 people initially, including a number of relocated employees, in the 95,000 square foot facility and will begin expanding that facility to meet the company's needs. Over the next few years, additional hires will bring the total number of employees to more than 140 individuals. The company plans to fill most of the jobs locally.

Judy Campbell, senior vice president and chief information officer of New York Life said, "New York Life is delighted to have found an ideal location in Forsyth County for the company's second Data Center, which will complement our facility in Clinton, New Jersey. Best practices indicate that a company of our size should have multiple data centers, and this site met a number of important considerations for us. We are very grateful to the many county, state and local officials who worked so hard to make this possible."

New York Life Insurance Company, a Fortune 100 company, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, annuities and long-term care insurance. New York Life Investment Management, LLC, a New York Life affiliate, provides institutional asset management, retirement plan and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

Contacts:

Karen Finkston Payes
New York Life
(212) 576-5624

Michael Holloway
Edelman Public Relations
(212) 704-4532

If you would like to apply for a position in the new data center, please send your resume to ADCresumes@newyorklife.com.

Rate This
Rating: 0/0 (0 votes cast)

  Be the first to Comment