Cloud-based network provider Aryaka raises $45 million: source

Cloud-based private network provider #Aryaka, which plans to go public in 2018 with a more than $1 billion valuation, raised $45 million in its latest funding round, a source close to the matter said. The funding was led by venture capital firm #ThirdPointVentures and included Germany's #DeutscheTelekom Capital Partners as a new investor, the source said. Deutsche Telekom Capital, which is Deutsche Telekom AG's (DTEGn.DE) investment management group, is the first telecom company to invest in Aryaka. Milpitas, California-based Aryaka, which has about 500 customers across the globe including Skullcandy Inc and fashion house Gucci, helps businesses interconnect branches through its private network. With more businesses moving to cloud, demand for such services has been surging.

http://mobile.reuters.com/article/idUSKBN1571Q0?il=0

Cloud-based network provider Aryaka plans 2018 IPO, eyes $1 billion valuation

#Aryaka, a provider of cloud-based private network for companies, plans to go public in 2018, aiming for a valuation of more than $1 billion, Chief Executive Shawn Farshchi said. Aryaka, which helps enterprises connect branch offices around the world, expects annual recurring revenue of $50 million by the end of 2016, doubling to $102 million by the end of 2017, Farshchi said. Revenue in 2015 was about $24 million. The company, whose more than 500 customers include audio products maker Skullcandy, fashion house Gucci and Air China Ltd, expects to be profitable by mid 2017, the CEO said. "We will be ready within next 18 months and then we will wait for the right market conditions to go public," Farshchi said in an interview. As more software companies offer services on the cloud, businesses are ditching public networking services provided by telecommunication companies and are adopting private cloud-based networking systems provided by companies such as Aryaka.

http://mobile.reuters.com/article/idUSKCN12D2OY

Aryaka Selected for Enterprise Networking Magazine's Top 10 SDN Solution Providers for 2016

MILPITAS, CA--(Marketwired - Jun 21, 2016) - #Aryaka ®, the leading Software-Defined Network Platform provider, announced that it has been selected to be among the top 10 #SDN solution providers for 2016 by Enterprise Networking magazine.

Enterprise Networking editors, industry analysts, corporate executives and technology experts, selected the top SDN solution providers that are transforming business. Aryaka has been recognized for its incredible customer traction and high growth rate of over 120% year over year, and for its unique SDN platform for globally distributed enterprises.

"Aryaka integrates the benefits of WAN optimization, web and IP application delivery, and cloud/SaaS acceleration, with reliable, secure and dedicated private connectivity within its globally distributed Software-Defined Network Platform," said Gary Sevounts, Chief Marketing Officer at Aryaka. "By eliminating the need for dedicated links that take months to provision, instead, we built a multi-tenant, cloud-delivered network, so customers can be up and running in minutes."

"Attaining remarkable growth was indeed a tremendous achievement for Aryaka, thereby, it is a pleasure to honor it by naming it in the list of Top 10 SDN Solution Providers 2016," said Lena Headey, Managing Editor of Enterprise Networking. "I congratulate Aryaka and look forward to its continued success."

Aryaka's Software-Defined Network Platform delivers enhanced application performance, simplifies network operations at branch offices, and reduces costs for globally distributed, cloud-enabled enterprises. Built-in WAN optimization and application acceleration provides up to 40x faster performance for global on-premises and cloud/SaaS applications. 

http://m.marketwired.com/press-release/aryaka-selected-enterprise-networking-magazines-top-10-sdn-solution-providers-2016-2136223.htm