VeloCloud Reports Banner Year with Record Sales, Large Customer Wins and an Expanding High-Profile Ecosystem in 2015
Sales Increase 30X as more Enterprises and Service Providers Select Cloud-Delivered SD-WAN for Improved Service and Network Delivery for Branch Office Deployments
MOUNTAIN VIEW, Calif., January 27, 2016
VeloCloud Networks Inc., the Cloud-Delivered SD-WAN™ company, 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. Vonage selected VeloCloud to power its SmartWAN solution for enhanced QoS for its business customers. In addition, VeloCloud and MetTel partnered to add VeloCloud SD-WAN capabilities to MetTel’s managed communications offerings. VeloCloud was also an initial partner of the VMware Ready™ NFV Program 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, VeloCloud also partnered with Net One Systems, a leading networking solutions provider and cloud builder and broker in Japan, 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 “Best of Interop 2015” in the Best Startup category for innovation in WAN networking. Additional distinctions garnered in 2015 included being named as a Red Herring Top 100 Award Winner in North America, and as a 2015 CRN® Emerging Vendor. VeloCloud also won the Startup of the Year Award from the Business Intelligence Group in the 2015 BIG Awards for Business program; Computer Technology Review’s Most Valuable Product Award; the 2015 Unified Communications (UC) Excellence Award; and the top Fierce Innovation Award: Telecom Edition 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 Open Networking User Group (ONUG) Conference (SD-WAN test demonstrations); ONUG Fall 2015 (multivendor Proof of Concept as the first SD-WAN Working Group PoC Demonstration); Cisco Live; and BroadSoft Connections 2015.
- VeloCloud Cloud-Delivered SD-WAN received Broadsoft Certification
- The company also strengthened its Executive Leadership Team 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 Advisory Board 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 Networks™, Inc. is the Cloud-Delivered SD-WAN™ company, a Gartner Cool Vendor, the Frost & Sullivan Product Leader in the SD-WAN Solution Market, and a Best of Interop and Best of VMworld winner. The company 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 financing from investors including NEA, Venrock, March Capital Partners, Hermes Growth Partners, Telstra Ventures, Khazanah Nasional Berhad, Cisco Investments, and The Fabric, and is headquartered in Mountain View, Calif. For more information, visit www.velocloud.com and follow the company on Twitter @VeloCloud.