Networking Company Cyan Prices Initial Public Offering
May 10th, 2013 By: John Rath
Here’s some of today’s noteworthy links for the networking sector of the data center industry:
Cyan Prices IPO. Cyan (CYNI) a provider of software defined networking (SDN) and packet-optical platforms for network operators, announced the pricing of its initial public offering of 8,000,000 shares of common stock at $11.00 per share. Shares began trading May 9 on the New York Stock Exchange under the symbol CYNI, and ended the day at $11.14. Petaluma, California-based Cyan was founded in 2006 and has raised over $30 million in funding. Late last year, Cyan launched its software defined networking Blue Planet software, aimed at enabling service providers of all types to virtualize their networks.
Fujitsu Develops SDN-based Platform. Fujitsu announced the development of FUJITSU Intelligent Networking and Computing Architecture, a new architecture for network-wide ICT platform optimization based on the principles of software defined networking (SDN). The new architecture employs a software-based approach to intelligently and flexibly enable optimized control over three unique domains: data centers, wide area networks, and smart devices. In the initial phase, Fujitsu is offering the following products based on this architecture: an updated version of unified administration and control software for server, storage and network resources, a new switch that supports network virtualization, and a new virtual appliance platform.
Exinda Network Optimization Suite Enhanced. Exinda announced significant enhancements to the its Network Optimization suite that uniquely combines WAN Optimization, Network Control and Application Monitoring into an integrated solution specifically designed to meet the growing requirements of mid-market enterprises and educational institutions. With the release of its 6.4 firmware, the Exinda suite integrates many of these tools into a single converged solution that allows network managers better control of their network and create a more predictable user experience for applications that rely on it. “With the growth of tools for network management and the lack of integration between these tools, the complexity of performance management has increased,” said Jim Rapoza, senior network analyst for Aberdeen Group. “However, there has been a push among companies to deploy products that offer a single integrated platform for network control, along with deep visibility into user experience and application performance. Aberdeen Group data shows that 88 percent of organizations have or plan to centralize network and application performance and user experience visibility. By deploying an all-in-one integrated platform, these organizations are working to meet user demand, manage cost, and maintain or improve the overall quality of their network and application experience.”
Silver Peak joins NEC. Silver Peak Systems announced it has joined NEC Corporation of America (NEC) to include its data acceleration software as part of NEC’s new Software-Defined Networking (SDN) Application Center. The NEC SDN Application Center focuses on solutions that address customers’ top-of-mind network concerns. “Silver Peak’s leadership in delivering software-based WAN optimization is the perfect complement to NEC’s market-leading ProgrammableFlow Network Suite,” said Don Clark, director of business development, IT Platform Technologies, NEC Corporation of America. “Silver Peak virtual products plug into our new SDN Application Center to give customers maximum flexibility and performance for extending business-critical applications across any distance.”