A10 Networks, Aerohive Networks File for IPOs
February 20th, 2014 By: John Rath
F5 enhances its Sythesis architecture to extend the reach of software defined application services, A10 networks and Aerohive Networks file for an initial public offering of stock, and Level 3 is selected by Tata Consultancy Services to expand its services in Brazil.
A10 Networks files for IPO. A10 Networks announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of shares of its common stock. Morgan Stanley, BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets are acting as joint book runners for the proposed offering, and Pacific Crest Securities and Oppenheimer & Co. are acting as co-managers for the proposed offering. A10 Networks was recently selected by the University of Kansas Hospital for an Application Delivery Controllers (ADCs) to deploy Microsoft Exchange across its network. KU selected A10 to increase performance and scalability with new hardware and software, and to add flexibility with virtualization for multi-tenancy with Application Delivery Partitions.
Aerohive Networks files for IPO. Aerohive Networks, a provider of controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, announced that it has publicly filed a registration statement on Form S-1 relating to the proposed initial public offering of shares of its common stock. Founded in 2006, the Sunnyvale, California company has disrupted traditional enterprise Wi-Fi systems with its cloud-enabled networking solutions – shipping over 500,000 access point devices. Its solution eliminates the need for a controller, and as such has saved 19,808 controllers from being deployed. Deloitte named Aerohive as the fourth fastest growing Communications and Networking company in the Deloitte Technology Fast 500 awards. Goldman, Sachs & Co. and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering, and Piper Jaffray & Co., William Blair & Company, L.L.C., and JMP Securities LLC are acting as co-managers for the proposed offering.
F5 enhances Synthesis architecture. F5 Networks (FFIV) announced new offerings that enhance the benefits of the F5 Synthesis architecture model. F5 technologies are designed to help organizations quickly deploy applications and streamline the mix of services needed to ensure success for security, data center, cloud, and mobility initiatives. The Synthesis architecture was launched late last year, and provides intelligent programmability, visibility, and extensibility for application services. The BIG-IP version 11.5 software has been enhanced for application delivery and security, its virtual solutions support hybrid and virtual appliance deployments, and expanded VIPRION offerings with the new 2250 performance blade for multi-tenant density. BIG-IQ version 4.2 offers simplified management and comprehensive orchestration, and the new BIG-IQ Device solution gives enhanced configuration capabilities for physical and virtual BIG-IP devices. “Like Cisco’s Application Centric Infrastructure (ACI), F5 Synthesis is focused on efficiently delivering applications by taking a fabric-based approach to networking and services architectures,” said Soni Jiandani, SVP, Marketing, Cisco. “With our growing technology partnership, we see many opportunities to combine the capabilities of Cisco ACI with F5’s layer 4-7 application services to automate and centrally orchestrate ADC-enabled data centers. Currently, both companies are jointly developing Cisco Validated Design (CVD) frameworks around Cisco ACI that take advantage of F5 Synthesis offerings and illustrate the customer benefits of deploying ACI and Cisco APIC controllers in concert with F5 BIG-IP physical and virtual appliances.”
Level 3 selected by Tata for expanded Brazil communications. Level 3 Communications (LVLT) announced it has signed an agreement with Tata Consultancy Services to deliver Ethernet virtual private line (EVPL) and dedicated Internet access (DIA) services to its offices in Brazil. The new services will connect the company’s headquarters in Sao Paulo to its recently opened office in Rio de Janeiro, increasing communications efficiency between the two locations. ”Tata has seen a sizeable uptick in communications among our employees, requiring increased investments in our Internet services. Level 3 has a long history of providing secure, reliable LAN to LAN connectivity and dedicated access to the Internet, and we’re excited to work with them,” said Rodrigo Ferrarez Pereira, information security manager of Tata Consultancy Services Ltd. in Brazil. “The agreement with Level 3 provides TCS with the necessary bandwidth, transparency and control to maximize the performance we need to keep pace with our growing business.”