VMware to acquire VeloCloud for SD-WAN

VMware agreed to acquire VeloCloud Networks, a start-up offering SD-WAN technology for enterprises and service providers. Financial terms were not disclosed. VeloCloud, which is based in Mountain View, California, says its SD-WAN solution is distinguished by supporting data plane services in the cloud, in addition to on-premise deployments; enabling policy-based access to cloud and data center applications. VeloCloud SD-WAN includes: a choice of...

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AT&T says FirstNet now elected in half of all states

AT&T cited significant traction for the FirstNet public safety network: the governors of 29 American states and territories have made the decision to opt in to the FirstNet network. An opt-in decision allows first responder agencies to sign-up for FirstNet, giving them priority access to voice and data across the existing nationwide AT&T LTE network. “Just within the past couple of months, this country has experienced a number of tragedies....

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Arista's Q3 revenue rockets 51% to $437.6 million

Arista Networks reported Q3 revenue of $437.6 million, an increase of 8.0% compared to the second quarter of 2017, and an increase of 50.8% from the third quarter of 2016. GAAP gross margin was 64.1%, compared to GAAP gross margin of 64.1% in the second quarter of 2017 and 64.2% in the third quarter of 2016.GAAP net income was $133.7 million, or $1.68 per diluted share, compared to GAAP net income of $51.3 million, or $0.69 per diluted share, in...

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Aquantia prices shares at $9 in IPO

Aquantia, which offers 10GBASE-T PHY and other Ethernet solutions, announced the pricing of its initial public offering of 6,818,000 shares of its common stock at a price to the public of $9.00 per share. The shares are expected to begin trading on NYSE on Nov. 3, 2017 under the symbol “AQ....

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Sierra Wireless' revenue rises 13% yoy as IoT gains traction

Sierra Wireless reported Q3 revenue of $173.2 million, an increase of 12.8% compared to $153.6 million in the third quarter of 2016. Gross margin was $57.8 million, or 33.3% of revenue, in the third quarter of 2017, compared to $49.4 million, or 32.1% of revenue, in the third quarter of 2016. Operating expenses were $57.5 million and earnings from operations were $0.2 million in the third quarter of 2017, compared to operating expenses of $49.4 million...

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Ayla Networks raises $60M for its IoT platform

Ayla Networks, a start-up based in Santa Clara, California, raised $60 million in Series D financing for its Internet of Things (IoT) platform-as-a-service (PaaS). The Ayla Cloud is a completely managed service that provides a full suite of operational, business intelligence, and analytics services to manage a connected deployment throughout its lifecycle. Ayla-enabled connectivity modules can be built with a variety of micro-controller, operating...

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Interxion posts 18% year over year revenue growth in Q3

Interxion reported Q3 revenue of €124.6 million, up 18% over the same period last year. Recurring revenue increased by 17% to €117.4 million. Net income decreased by 4% to €10.1 million and adjusted net income2 increased by 24% to €10.7 million. Operational highlights Equipped space4 increased by 1,900 square metres in the quarter to 118,900 square metres. Revenue generating space4 increased by 2,100 square metres in the quarter to 97,100 square...

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ADTRAN builds its Mosaic Open Network Alliance

ADTRAN announced the initial members of its Mosaic Open Network Alliance, which was established to foster vendor collaboration, widespread development and industry adoption of SDN and NFV solutions based on open standards. Aricent - Aricent Aricent is a global design and engineering company innovating for customers in the digital era and helping clients lead into the future by solving their most complex and mission-critical issues through customized...

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