MOUNTAIN VIEW, Calif., Sept. 13, 2016 /PRNewswire/ -- Based on its recent analysis of the software-defined wide area networks (SD-WAN) market, Frost & Sullivan recognizes Versa Networks with the 2016 United States Frost & Sullivan Entrepreneurial Company of the Year Award. Versa's network function virtualization (NFV)-based approach to SD-WAN is unique, as it addresses market needs in a highly flexible and cost-efficient manner. It achieves this by combining a large set of networking and security virtual network functions (VNFs) with an instantly scalable, multi-tenant platform, commodity hardware and Big Data analytics.
NFV is a software-based network architecture that leverages virtualization to replace proprietary network hardware elements such as switches, routers, and firewalls with independent software running on commodity servers and white box appliances.
"The Versa SD-WAN is differentiated because it is built on a truly software-defined, NFV-based architecture," said Frost & Sullivan Industry Director, Roopa Honnachari. "Versa's solution eliminates proprietary hardware, is fully multi-tenant and programmable, and includes a broad set of virtualized network and security functions to enable a secure SD-WAN deployment without multi-vendor complexity."
The Versa SD-WAN solution consists of three components:
- Versa FlexVNF: The core of Versa VNF solutions, which is comprised a broad set of virtualized network and security functions with carrier-grade multi-tenancy, programmability, service chaining, service elasticity, and cost-effective deployment options
- Versa Director: Single point of centralized control and management of both connectivity and services
- Versa Analytics: A real-time analytics engine that provides control, visibility, predictability, and adaptability of networks
Additionally, Versa's software-defined security (SD-Security) capabilities offer customers the choice of deploying fully service-chained security:
- As an integrated software function on the branch site customer premises equipment (CPE) or off-premises in a cloud environment
- In the network service provider's (NSP's) cloud—PoP, CO or data center
Importantly, the Versa solution supports full-blown routing and is both application- and network-aware, so it can be used alongside or in place of a traditional router.
"As WAN management is a complex process, it requires enterprises to have expert network managers to run and operate a global WAN. The process can be even more daunting when it involves multiple transport and access providers across the globe," noted Ms.Honnachari. "This issue can be alleviated by NSP-managed SD-WAN services, as NSPs have the skill and technology to integrate disparate operations and management systems across various access providers."
Versa's SD-WAN solution improves the price-performance value of network services. Its solution has attracted leading NSPs such as CenturyLink, Orange Business, and Colt, as well as large enterprises in banking, retail, and government verticals. The company currently has more than 50 deployments spanning North America, Europe, Asia, and Central America, ranging from proof-of-concepts to field trials and production.
For its overall business performance and visionary leadership in the SD-WAN market, Versa Networks deserves the 2016 United States Frost & Sullivan Entrepreneurial Company of the Year Award.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, and speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Versa Networks
Founded by network industry veterans, Versa Networks is an innovative vendor in the SD-WAN and SD-Security 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 network function virtualization (NFV) 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.
About Frost & Sullivan
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SOURCE Frost & Sullivan