Versa Networks, a leading innovator of
next-generation software-based networking and security solutions, is continuing
to accelerate its momentum as a leader in the software-defined wide area network
(SD-WAN), SD-Security and SD-Branch market, garnering more than
150,000 contracted licenses worldwide to-date. Versa's Cloud IP platform is now
embraced by more than 50 managed service providers to deliver secure SD-WAN
services to multiple segments of the enterprise market. In addition, multiple
large enterprises are deploying Versa
Cloud IP Platform themselves to transform their WAN securely
and accelerate their digital transformation and transition to multi-cloud/SaaS.
The
company has also built a robust partner ecosystem of channel, reseller and
system integrators, that has grown by 100 percent since 2017, doubling its
go-to-market partners. Versa continues to enable and increase revenue
opportunities for its provider partners through ongoing innovation in
software-defined networking (SDN) and security (SD-Security), as well as
network function virtualization (NFV).
"Digital
transformation and the transition to multi-cloud/SaaS is driving tremendous
growth in SD-WAN and Versa has emerged as a key player in this crowded market,"
said Kelly Ahuja, CEO of Versa Networks. "Our
conversations with prospective customers have evolved from ‘what and why' to
‘when and how'. Being the only SD-WAN vendor to encompass a full-suite of
integrated SD-Security differentiates us, and gives our customers unmatched
visibility, control, agility and scalability to meet their business needs. Our
innovation, technology leadership and transformative business model is
resonating as customers are committing to long term partnerships."
Notable
Customer Movement and Deployments
Versa
Networks announced Capital One as a customer, whose
hybrid approach to SD-WAN deployment has taken the lead in the financial
industry. The large financial institution chose Versa Networks because of the
company's technology innovation that gave them simplicity, speed and scale.
Many others are in the midst of their deployments and the company expects them
to publicly share their success with Versa during the course of this year.
Since
2017, more than 50 Service Providers have chosen to partner with Versa
Networks including Comcast Business, China Telecom Global,
Kalaam Telecom, KDDI, Singtel, Tata Communications, Telesystems, Transtelco,
Verizon and VergX. In the first half of 2018, Virgin Media Business, Verizon
Business Markets, Zayo, Wholesale Carrier Services, Hub One and others also
joined in the extensive list of customer wins.
"Managed
service providers gained valuable experience in the first round of their SD-WAN
deployments and are entering round two of their software adoption in support of
next generation services," said Mike Fratto, Research Director, GlobalData.
"Versa Networks' recent service provider wins shows that the managed services
market is progressing from single function SD-WAN appliances to SD-Branch offerings
with SD-WAN as a foundational capability upon which other virtualized network
functions like routing and firewalling are supported on the same platform.
Robustness, simplicity, and versatility are key elements for MSPs managing a
large and diverse customer base."
In
the U.S. alone, CenturyLink was the first Service Provider to partner with
Versa for their SD-WAN service. In 2017, Comcast launched their ActiveCore
service that is based on Versa. Verizon also launched their Secure Software
Defined Branch service with Versa in 2017. Just recently, Verizon Business Markets recently launched the
SD-Branch with Versa for small and medium businesses, state and local
governments and education institutions. The new offering combines
application-experience routing and SD-WAN functionality, as well as various advanced
security services such as firewall, web filtering and unified threat
management.
"We've
seen a substantial increase of deployments in the SD-WAN market due to the
growing networking and security demands of enterprise businesses requiring
agility, control and visibility as they move to multi-cloud. Thanks to SD-WAN's
deployment success in the early adoption stage, the market is quickly moving
towards a rapid growth stage where organizations are now replacing their legacy
hardware WANs with secure SD-WAN and SD-Branch solutions," said Ray Mota, CEO &
Principal Analyst, ACG Research. "The recent notable customer wins by Versa
Networks suggests that the market is positioning SD-WAN with integrated
security as the next generation secure networking solution for organizations
pushing towards digital transformation and multi-cloud services."