Telstra Ventures invests in VeloCloud, brings SD-WAN to China

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Telstra has announced a strategic partnership with US based VeloCloud Networks – which specializes in SD-WAN solutions – under which Telstra Ventures will invest in VeloCloud as part of their latest funding round.

No financial details were disclosed, but Mark Sherman, managing director of Telstra Ventures, said the investment is consistent with Telstra’s overall network strategy, with SDN and 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 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 – which provides enterprise services to customers in mainland China – is adding VeloCloud SD-WAN solutions to its product suite.

“We see great opportunities in Asia where more businesses are leveraging both public and private networks and relying on cloud services and applications, said VeloCloud CEO and co-founder Sanjay Uppal. “We look forward to working closely with Telstra given the strength of their network, customer relationships and experience in the Asia-Pacific region.”

VeloCloud says its cloud SD-WAN enables enterprises to securely support application growth, network agility and simplified branch and end-point implementations while delivering optimized access to cloud services, private data centers and enterprise applications. It enables both enterprises and service providers to benefit from the multi-tenant cloud gateway architecture and supports real-time applications over private, broadband and wireless links.

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