Network News: Level 3, Arista, Palo Alto Networks

Networking news: Level 3 connects London Stock Exchange, Arista Networks and Solarflare selected by CBOE for high frequency trading platform, Palo Alto Networks announces new CEO and $200 million run rate.

John Rath

August 3, 2011

2 Min Read
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Here’s a roundup of some of this week’s headlines from the network industry:

Level 3 connects London Stock Exchange.  Level 3 Communications (LVLT) announced that it now offers connectivity to its colocation facility at London Stock Exchange Group’s Data Center in the City of London. The Exchange hosts customers including members of London Stock Exchange Group, non-member firms, vendors and service providers. The Exchange Hosting Service provides access to the London Stock Exchange, Borsa Italiana, Turquoise and Oslo Børs trading venues. "Connecting London Stock Exchange Hosting clients to our global network underscores our commitment to continually invest in improving connectivity to the financial community," said James Heard, president of European Markets for Level 3. "As a result, we can now provide secure connectivity to key participants trading on London Stock Exchange Group’s markets."

Arista selected by CBOE Holdings.  Arista Networks and Solarflare announced that CBOE Holdings, Inc., home of the Chicago Board Options Exchange (CBOE) and other exchange subsidiaries, chose Solarflare and Arista to support next-generation technology for high frequency trading on its CBOEdirect platform. CBOE technologists leading the network design effort selected an Arista and Solarflare solution that delivers dramatic improvements in performance, bandwidth and response time to CBOE customers. "System performance and response time have always been central to CBOE's technology focus," said Gerald O'Connell, CBOE Holdings executive vice president and chief information officer.  "By implementing a combination of Solarflare's and Arista's low latency, high-performance networking products, CBOE continues to provide the lowest latency experience to our customers. We're extremely pleased with the benefits – including measurable lower latency – delivered with these new network enhancements."

Palo Alto Networks announces new CEO and $200 Million run rate.  Palo Alto Networks announced Monday that it has achieved a bookings run rate well above the US$200 million mark, surpassing the company's expectations. The company has seen positive cash flow from operations for 5 consecutive quarters, their business was split 60 percent domestic and 40 percent international, and their global customer count has surpassed 4,500 enterprises.  "These numbers reflect the highly disruptive impact we have on the network security market," said Nir Zuk, founder, CTO, and member of the office of the CEO at Palo Alto Networks. "We are rapidly replacing the firewalls the incumbent vendors have sold to enterprises over the past 15 years. Our focus on product innovation and customer success has made that choice easy for organizations looking to modernize their network security." On Monday the company also announced the appointment of Mark D. McLaughlin as president and CEO of Palo Alto Networks. McLaughlin will commence his new role later this month following his departure as president and CEO of Verisign.

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