With Gartner predicting Software Defined (SD) Wide Area Networks (WAN) will grow from 1% market share today to 30% in three years, Mark Sherman outlines a new investment in VeloCloud, an innovative SD-WAN provider in the United States.
Today we announced a strategic partnership with US based VeloCloud, the Cloud-Delivered SD-WAN™ company, which simplifies and automates enterprise branch networking. The partnership includes an investment by Telstra Ventures in VeloCloud as part of their latest funding round.
This investment is consistent with Telstra’s overall network strategy, with Software Defined Networking (SDN) and Network Function Virtualisation (NFV) increasingly playing a role in offering greater network flexibility and agility for our enterprise customers.
We expect SDN will continue to transform enterprise networking around the world and VeloCloud SD-WAN can help companies achieve more agile and responsive networks, as well as reduce costs.
VeloCloud Cloud-Delivered SD-WAN enables enterprises to securely support application growth, network agility and simplified branch and end-point implementations, while delivering optimised access to cloud services, private data centres and enterprise applications.
Both enterprises and service providers will benefit from the multi-tenant cloud gateway architecture and support real-time applications over private, broadband and wireless links.
Sanjay Uppal, CEO and Co-founder of VeloCloud has said he is looking forward to working closely with us on opportunities in Australia and across Asia. We share his enthusiasm as we think VeloCloud’s technology can help businesses manage their networks in dynamic environments across multiple locations.
Our first step will be to offer VeloCloud technology to customers in mainland China. Telstra’s joint venture in China, Telstra PBS, is a leading provider of enterprise services to customers in mainland China, and is adding VeloCloud SD-WAN solutions to its product suite.