2016 Red Herring Top 100 North America Winner
Leading provider of next-generation WAN and branch office solutions for service providers and enterprises recognized as one of the best and brightest startups in North America
SANTA CLARA, Calif. — June 16, 2016 — Versa Networks, a networking and security startup providing next-generation WAN and branch office solutions for service providers and enterprises, announced today that the company was selected as a Top 100 North America award winner by Red Herring. The award recognizes the leading private companies from the region and celebrates startup innovation and technology from a number of industries.
Since 1996, Red Herring Top 100 America selects the award winners from approximately 1,200 privately financed companies each year in the US and Canada.
“In 2016, selecting the top achievers was extremely difficult,” said Alex Vieux, publisher and CEO of Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, Versa Networks should be proud of its accomplishment under such strong competition.”
Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
“We are honored to be named to the Red Herring 100; this award is a true testament to the vision we have for software-defined WAN (SD-WAN) and software-defined security (SD-Security),” said Kumar Mehta, Chief Executive Officer of Versa Networks. “As deep innovators in this space, we will continue to offer our customers the most robust and secure solutions to help them achieve business goals through their network.”
Versa FlexVNF software significantly improves customers’ WAN and branch networks by enabling a migration from legacy hardware to a modern software-defined approach. It includes the broadest set of virtualized network functions (VNFs) in the industry – from a full set of networking capabilities, including SD-WAN, to the widest range of advanced security functions.
Additionally, Versa FlexVNF is purpose-built with many carrier-grade operational capabilities, including full multi-tenancy at the head-end and branch office, and elasticity for scaling capacity on-demand. Powerful service chaining for both Versa and third-party services enables providers and large enterprises to easily integrate multiple network and security functions, such as SD-WAN with next-generation firewall for secure direct Internet access.
About Versa Networks
Founded by network industry veterans, Versa Networks is an innovative vendor in the NFV and virtualized network functions (VNF) market. Versa solutions enable service providers and large enterprises to transform the WAN and branch networks to achieve unprecedented business advantages. Versa’s carrier-grade VNF software provides unmatched agility, cost savings and flexibility vs. traditional network hardware. The company is backed by premier venture investors Sequoia, Mayfield and Verizon Ventures. For more information visit http://www.versa-networks.com. You can follow Versa on twitter at twitter.com/versanetworks.