SAN JOSE, Calif.–(BUSINESS WIRE)– Viptela, the Software-Defined WAN (SD-WAN) company, today announced that it was selected a Top 100 North America Company by Red Herring. The annual Red Herring Top 100 America awards recognize the leading private companies from the region, their innovations and technologies. Winners are chosen from approximately 1,200 privately financed companies each year in the US and Canada.
“Since 1996, Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work,” said Alex Vieux, publisher and CEO of Red Herring. “In 2016, selecting the top achievers was extremely difficult. Viptela should be proud of its accomplishment under such strong competition. This year’s winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. ”
Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
“Being named one of the top 100 private companies in the North America by Red Herring is both an honor and powerful validation for our business, technology and market leadership,” said Amir Khan, CEO of Viptela. “We’re disrupting a $6B market with technology that allows companies to cut their telecom costs in half, while boosting bandwidth by 10X and cloud application response times up to 5X. It’s no surprise that our SD-WAN platform is in demand by retailers, banks and others, and being used by service providers like Verizon.”
Viptela Software-Defined Wide Area Network (SD-WAN) technology virtualizes WAN infrastructures to allow for fast roll-out across the extended enterprise, including remote offices, branches, stores, campuses and data centers. By enabling companies to securely augment and replace slow and expensive legacy MPLS connections with fast and cheaper broadband alternatives, Viptela can reduce telecom expenditures by 50%. More than 25 Fortune-500 enterprises use Viptela, and major carriers including Verizon and Singtel offer Viptela-powered managed SD-WAN services.
Viptela provides Software-Defined Wide Area Network (SD-WAN) technology that virtualizes WAN infrastructure. The platform allows global companies to build carrier agnostic, policy-controlled and cost-effective WANs. Viptela has been deployed at thousands of sites by more than 25 Fortune 500 enterprises; and major carriers including Verizon and Singtel are using Viptela to deliver managed SD-WAN services. The company has been named a Gartner Cool Vendor and a Next Billion Dollar Startup by Forbes. Viptela is backed by Redline Capital, Northgate Capital and Sequoia Capital. For more information, visit: viptela.com or follow us on Twitter @viptela.