MOUNTAIN VIEW, CA — (Marketwired) — 01/27/16 — VeloCloud Networks Inc., the , today announced record sales in 2015 which rose 30 times over the previous year. The company also reported that it added more than 100 customers and more than 30 ecosystem partners in 2015. The company–s workforce also expanded by 50 percent globally.
“In 2015, VeloCloud continued to expand its solution set for enterprises and service providers to support application growth, network agility and simplified branch office implementations,” said VeloCloud CEO and Co-founder Sanjay Uppal. “Posting a record year for sales and possibly the highest number of new customer acquisitions in the space validates the differentiated cloud-delivered approach and the resulting simplicity and affordability VeloCloud brings. The company continues to expand with added headcount and important partnerships to meet the exploding growth in global demand for VeloCloud Cloud-Delivered SD-WAN.”
VeloCloud saw significant growth it its SD-WAN ecosystem and forged key alliances and customer relationships in 2015. for enhanced QoS for its business customers. In addition, to add VeloCloud SD-WAN capabilities to MetTel–s managed communications offerings. for new carrier-grade services delivered by VMware and its partners. Early in the year, VeloCloud added complementary cloud security from Zscaler and Websense (now Forcepoint). VeloCloud also brought SD-WAN to Equinix Performance Hubs and direct access to Console–s software and Interconnection platform. Finally, , representing VeloCloud–s foray into the broader Asian market.
In 2015, VeloCloud delivered significant product feature enhancements to its solution, including cloud edge as a hosted service, MSP portal, service insertion which easily forwards traffic to cloud delivered services, enhanced inbound QoS, and partner gateways for deployment by Service Providers.
Supporting last year–s growth and fueling this year–s expansion, VeloCloud in 2015 closed $27 million in Series C financing, led by new investor March Capital Partners and two new strategic investors including Cisco Investments. Existing investors, NEA and Venrock, also participated in the round. The funding will be used to expand business operations as the company accelerates new product development and customer rollouts to meet growing global demand, including investments in sales and marketing.
VeloCloud–s innovation, vision and market success were recognized by way of multiple industry awards and recognitions. VeloCloud was declared ” for innovation in WAN networking. Additional distinctions garnered in 2015 included being named as a in North America, and as a . VeloCloud also won the in the 2015 BIG Awards for Business program; ; the ; and the top in the “Last Mile/Edge Access” category and the “Best in Show: Best Cost-Saving Innovation” Award.
Additional highlights from VeloCloud–s landmark year include:
Public interoperability demonstrations throughout the year, including at the (SD-WAN test demonstrations); (multivendor Proof of Concept as the first SD-WAN Working Group PoC Demonstration); ; and .
VeloCloud Cloud-Delivered SD-WAN received Broadsoft Certification
The company also strengthened its with the appointments of Michael Wood, vice president of marketing; Ron Longo, vice president of business development; and Mark Thorpe, vice president and head of finance and administration; and announced its including Linda Bernardi, Chief Innovation Officer, Cloud & IoT at IBM; Alan Boehme, CTO, CIO, Chief Enterprise Architect at The Coca-Cola Company; Sandip Gupta, Vice President, Cloud Services at NTT DATA, Inc.; Greg Papadopoulos, NEA Venture Partner, ex-CTO Sun Microsystems, ex-Chief Architect Thinking Machines, ex-Professor at MIT; and Russ White, Network Architect and Author.
VeloCloud, the Cloud-Delivered SD-WAN company and winner of Best Startup of Interop, simplifies branch WAN networking by automating deployment and improving performance over private, broadband Internet and LTE links for today–s increasingly distributed enterprises. VeloCloud SD-WAN includes: a choice of public, private or hybrid cloud network for enterprise-grade connection to cloud and enterprise applications; branch office enterprise appliances and optional data center appliances; software-defined control and automation; and virtual services delivery. VeloCloud has received funding from NEA, Venrock, March Capital Group, The Fabric, and two strategic investors including Cisco Investments. The company is headquartered in Mountain View, Calif. For more information, visit and follow the company on Twitter .
VeloCloud is a registered trademark of VeloCloud, Inc., in the United States and other countries. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.
Dan Spalding
(408) 960-9297
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