The partnership includes an investment by Telstra Ventures in VeloCloud as part of their latest funding round.
March 6, 2017
PRESS RELEASE — MARCH 6, 2017 – Telstra today announced a strategic partnership with US-based VeloCloud™ Networks, the Cloud-Delivered SD-WAN™ (software defined wide area networks) company, which simplifies and automates enterprise branch networking. The partnership includes an investment by Telstra Ventures in VeloCloud as part of their latest funding round.
According to Mark Sherman, Managing Director of Telstra Ventures, the investment was consistent with Telstra’s overall network strategy, with Software Defined Networking (SDN) and Network Function Virtualisation (NFV) increasingly playing a role in offering greater network flexibility and agility for enterprise customers.
“We expect SDN will continue to transform enterprise networking around the world and VeloCloud SD-WAN can help companies achieve more agile and responsive networks as well as reduce costs,” said Mr. Sherman. “We are excited about the opportunity to work with VeloCloud on solutions for our enterprise customers, particularly in the Asia-Pacific region where their technology can help businesses manage their networks in dynamic environments across multiple locations. Our first step will be to offer VeloCloud technology to customers in mainland China.”
Telstra’s joint venture in China, Telstra PBS, is a leading provider of enterprise services to customers in mainland China and is adding VeloCloud SD-WAN solutions to its product suite.