Cisco Invests in VeloCloud's SD-WAN solution
FREMONT, CA: - Cisco announced its investment in VeloCloud’s SD-WAN solution. Cisco by doing that will be expanding the market of SD-WAN solutions globally. Cisco will be integrating its intelligent Wan SD-WAN product along with the technology of VeloCloud. This will help VeloCloud in adaption of new router-less market.
“VeloCloud relies on dozens of channel partners worldwide to drive a majority of our rapidly expanding business," said Michael Wood, VP, Marketing, VeloCloud. “This recent investment round enables VeloCloud to accelerate new product development and customer rollouts and ramp up channel sales and marketing in expanded theaters to meet growing global demand."
VeloCloud and Cisco, both of the companies have different approaches to Software Defined Wide Area Networking (SD-WAN). VeloCloud has put its controller in the cloud, with only small pieces of hardware at the branch, whereas Cisco struck to its all-in-one appliances at the branch office. This integration will position both of these companies at the front of the SD-WAN market, because of the competition amongst the major players for becoming an ace SD-WAN solution provider.
"Cisco is committed to open networking, and interoperability with the VeloCloud solution will provide our joint customers with additional enhancements for application and cloud services performance," Jeff Reed, Vice President and General Manager, Cisco.
Seventy five percent of enterprises are using VPNs to connect their remote workers at multiple locations and Cisco is the most commonly referenced VPN vendor used by the enterprises. Therefore, everyone is waiting for the products this new technological partnership is going to develop.
“Cisco's investment in VeloCloud is a validation of our cloud-centric approach to software defined WAN," said Michael Wood, VeloCloud. “Cisco and VeloCloud will continue to drive interoperability for SD-WAN and enhancements for application and cloud-services performance, which will enable channel partners of both companies to leverage the best of both solutions."