Versa Networks Announces Major Success Milestones: 200K VNF Software Licenses, 1,000 Enterprise Customers, 100 Service Provider Partners
SAN JOSE, Calif., Oct. 8, 2019 /CNW/ -- Versa Networks, innovator of the Secure Cloud IP software platform, announced that it achieved several major success milestones: 200,000 software licenses sold in the aggregate; 1,000 total enterprise customers; and 100 total Service Provider partners; in addition to winning several industry awards and generating significant market momentum with strategic partnerships ranging from Riverbed to Azure to AWS.
Growing businesses are realizing that there are significant challenges posed by conventional WAN infrastructures such as network complexity, lack of agility, increasing cost of network operations and management, limited visibility and skyrocketing bandwidth demands. Versa SD-WAN aims to address these inherent challenges to transcend conventional modes of connectivity.
Large global enterprises and mid-market organizations are seeking networking and security solutions with mature and proven technology that can accelerate their digital transformation journeys. The transition to multi-cloud and SaaS has necessitated incremental needs that include:
Versa's cloud-native, multi-tenant, feature-rich software solution continues to deliver unprecedented value for mission-critical networks. Enterprises selecting Versa continually cite the following key advantages of the Versa solution compared to any other in the market:
The SD-WAN segment of the enterprise networking market will grow at a 30.8% compound annual growth rate (CAGR) from 2018 to 2023 to reach $5.25 billion, according to IDC's SD-WAN Infrastructure Forecast. "Combined with the rapid embrace of SD-WAN by leading communications service providers globally, these trends continue to drive deployments of SD-WAN, providing enterprises with dynamic management of hybrid WAN connections and the ability to guarantee high levels of quality of service on a per-application basis," said Rohit Mehra, vice president, Network Infrastructure.
In the last year, Versa garnered a variety of industry awards and market recognition from technology, networking and industry analysts, media, channels and others, including:
"Emerging market trends around multi-cloud access and mobility are driving up the need for a more intelligent, dynamic and elastic network requiring re-architecture of the traditional WAN," said Viraj Parekh, Executive Director, Verizon Business Group. "Verizon's SD-WAN solution, using Versa, helps customers achieve the unprecedented agility they require to connect users to applications simply, securely and reliably via the most optimal WAN-edge path – we're extremely proud to play a major part in Versa's growth both as a global managed network services partner and as a strategic corporate investor."
"CenturyLink's partnership with Versa Networks creates the opportunity for our mutual enterprise customers to take advantage of the power of CenturyLink's diverse worldwide transport network integrated with Versa's strategic thought leadership in the WAN edge space," said Adam Saenger, CenturyLink Vice President Adaptive Networking, Global Marketing. "Both Versa and CenturyLink are dedicated to delivering innovative solutions for complex enterprise requirements, including optimization of essential workloads across multi-cloud hybrid environments."
"Enterprises are constantly seeking ways to gain greater business agility and competitive advantage through enhanced application experiences," said Dante Malagrino, Chief Development Officer at Riverbed Technology. "The powerful combination of Riverbed and Versa joint capabilities translates to unprecedented agility, performance and security for enterprises looking to benefit from the flexibility and cost-effectiveness of an integrated SD-WAN Edge solution."
"We continue to see an acceleration in our business as well as pushing out many new software innovations," said Kelly Ahuja, CEO, Versa Networks. "Enterprise customers are demanding a simple yet flexible solution; Versa's sales velocity is indicative of how the market is embracing the breadth and depth of the Versa software-centric offering, which is easy to deploy for a more secure and resilient WAN edge."
About Versa Networks
Versa Networks is the innovator of Secure Cloud IP architecture, a next-generation software platform that delivers integrated cloud, networking and security services. Versa's visionary solution, with an unrivalled depth of features and capabilities, enables enterprises to transition off legacy WANs to achieve business agility, branch modernization, and TCO advantages toward their digital transformation journeys. The company has transacted over 200,000 software licenses through service providers, partners and enterprises globally. Versa Networks is privately held and funded by Sequoia Capital, Mayfield, Artis Ventures, Verizon Ventures, Comcast Ventures and Liberty Global Ventures.
For more information, visit https://www.versa-networks.com or follow Versa Networks on Twitter @versanetworks.
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SOURCE Versa Networks
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