Lumen launches Network-as-a-Service (NaaS)

 Lumen Technologies launched its flagship capability on its Network-as-a-Service (NaaS) platform, offering customers “radical flexibility in how they buy, use, and manage networking services.”The Lumen NaaS platform offers a fully digital consumption model allowing customers touse a digital portal or APIs (Application Program Interface) to order and manage services. The first and flagship service on the NaaS platform is Lumen Internet On-Demand,...

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Arista posts record Q2 revenue and profits

Arista Networks reported record revenue of $1.459 billion for Q2 2023, an increase of 8.0% compared to the first quarter of 2023, and an increase of 38.7% from the second quarter of 2022. Non-GAAP net income amounted to $501.2 million, or $1.58 per diluted share, compared to non-GAAP net income of $342.7 million, or $1.08 per diluted share in the second quarter of 2022.“Arista again achieves record revenue and profitability for Q2 2023,” said Jayshree...

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BT names Allison Kirkby as next CEO, replacing Philip Jansen

BT Group plc selected Allison Kirkby as its next Chief Executive, replacing Philip Jansen as Chief Executive around the end of January 2024 at the latest.Kirkby currently serves as President & CEO of Telia Company since early 2020.  She moved into the TMT sector in 2010, initially joining Virgin Media, and was most recently President & CEO of TDC (2018-2020), the largest telecommunications company in Denmark, and President & CEO...

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AMD to invest $400M for R&D in India

AMD plans to invest approximately $400 million investment over the next five years to expand its R&D in India. The planned investment includes a new 500,000-square-foot AMD campus in Bangalore, Karnataka that will serve as the company’s largest design center. The company is looking to add 3,000 new engineering roles by the end of 2028."From a handful of employees in 2001 to more than 6,500 employees today, AMD has grown its India footprint...

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Francisco Partners and TPG to privatize New Relic in $6.5B deal

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a global asset management firm, agreed to acquire New Relic for $87.00 per share in cash. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion. The purchase price represents a premium of approximately 26% to New Relic’s 30-day volume-weighted average closing price ending on July 28, 2023.San...

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NTT announces stabilization of an electro-optic modulation-based optical frequency comb

NTT Corporation (NTT) and Tokyo Denki University have succeeded in further stabilizing the graduated frequency of an optical frequency ruler generated by modulating the intensity and phase of laser light in an electrical signal.By using this result, it is possible to obtain a light source with a narrow linewidth whose frequency interval is 25 GHz, and it is expected to be applied to high-speed and large-capacity optical communications such as next-generation...

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Ceragon names Ilan Rosen as Chairman, succeeding Zohar Zisapel

Ceragon Networks named Ilan Rosen as its new Chairman of the Board, succeeding Zohar Zisapel, who sadly passed away on May 19, 2023.Rosen has been a member of Ceragon's Board of Directors since July 2021. He currently serves as Managing Director in HarbourVest Partners LLC, a global private equity firm with more than 1,000 employees that manages approximately $100 billion worth of investments in various private equity strategies around the globe. From 1997-2012 Mr. Rosen served as Chairman of the Board of Tdsoft LTD which later merged into VocalTec. “I...

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In Memoriam: Zohar Zisapel, 1949-2023

Zohar Zisapel, network entrepreneur and co-founder of the RAD Group of companies in Israel, passed away due to cancer on May 20, 2023, at the age of 74.In 1981, Zohar and his brother Yehuda and cofounded RAD Data Communications Ltd.  Its first product was a miniature modem. The company would go on to release its first optical product a few years later, eventually adding many more networking products, and splitting into separate companies under...

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