Versa Networks Named a 2016 “Cool Vendor” in Communications Service Provider Infrastructure by Gartner

Report Says Software-Defined WAN (SD-WAN) is Emerging as a New Area for Communications Service Providers (CSPs) to Explore for Newer Services

SANTA CLARA, Calif. – May 10, 2016 – Versa Networks, a networking and security startup providing next-generation WAN and branch office solutions for service providers and enterprises, today announced that it has been named to the list of Cool Vendors in the Gartner “Cool Vendors in Communications Service Provider Infrastructure, 2016” report.

The report says software-defined WAN (SD-WAN) is emerging as an area for communications service providers (CSPs) to explore for new services. It recommends “CSP CIOs/CTOs and network planners should analyze solutions from these vendors when developing business models based on elastic, on-demand services leveraging SD-WAN, with holistic controls and service orchestration; and explore newer vCPE offerings with hybrid deployments, which offer improved resiliency, on-demand services and centralized manageability than legacy CPE.”

“CSPs are looking for an evolution away from siloed networking and security appliances toward fluid and dynamic solutions that support end-to-end control, along with dynamic pay-as-you-grow provision. The problems with the current technology are magnified in the WAN, because CSPs require resiliency, security and high performance with agile service delivery. The siloed solutions of the past with legacy manual provisioning are slow and prone to errors,” notes Gartner analyst Akshay Sharma.

Versa Networks’ business case for its NFV solution is clear – providers’ managed services are difficult to design and launch rapidly, as well as operate profitably. This is due to multiple factors, primarily the inflexibility, cost and complexity of branch customer premises equipment (CPE) and head-end devices. Virtualizing branch and head-end infrastructure via Versa solutions enables rapid-fire deployment of a wide range of managed network and security services, including the growing deployments of managed SD-WAN.

“We are humbled to be recognized by Gartner as a Cool Vendor in Communications Service Provider Infrastructure. We believe this recognition exemplifies the outstanding work our team has done – in partnership with our CSP customers – to transform how managed services like SD-WAN can be built and operated to achieve unprecedented agility and profitability,” said Kumar Mehta, CEO and co-founder of Versa Networks.

Gartner recognized four other companies in the report that was published on April 26, 2016 and was written by analysts Akshay K. Sharma, Sylvain Fabre, Mentor Cana, Peter Liu, Kosei Takiishi and Takeshi Ikeda.

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 https://www.versa-networks.com.

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To request a demo, please visit Versa Networks at www.versa-networks.com/request-a-demo/

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Media Contact

James Cameron

(415) 800-5367

versa@10fold.com

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