Thursday 14 January 2016
Cisco puts its money where the WAN is
Invests in SD-WAN start-up VeloCloud's Series C
Cisco has invested in Velo Cloud, software defined WAN (SD-WAN) implementation with a cloud offering for configuring and optimizing branch networks. Cisco has contributed $ 27 million Series C round VeloCloud directed by Mars Capital Partners.
Cisco is one of the two strategic investors. The second was not identified by VeloCloud.
SD-WAN is hot. There are several start-ups in space, including Glue Networks, CloudGenix, Viptela, Talari and Versa. They, and Cisco, have riveted on the installed base of Cisco routers branch, a glue Gray says CEO Jeff opportunity is approximately $ 12 billion.
The tail is on the Cisco price list.
Citing data from Gartner, VeloCloud said 30% of companies use SD-WAN products in all its branches by the end of 2019, compared to less than 1% today.
WHEN VeloCloud is designed to allow branches to go directly to cloud applications without backhaul through a corporate data center. This branch can also use a variety of transport links, including MPLS, broadband and LTE provisioned through a small device that directs packets for optimal performance. Network World blogger Linda Musthaler has a detailed description here.
VeloCloud also can sell to large companies as a private WAN, instead of a NID to the cloud. As cloud offering, VeloCloud is available through a subscription branch / month, which is consistent with the contracting model adopts pass4sure Cisco exam dumps.
Series C financing will be used to expand business operations, accelerate product development and implementation and ramp up sales and marketing. The round brings total funding of $ 49 million VelCloud.
Besides Cisco partner ecosystem it includes the company BroadSoft Equinix, HP, IIx Console, Intel, VMware, Websense, and Zscaler.
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