SDN FEATURE NEWS

BTI Systems Sees Good Success with SDN; Is An IPO in its Near Future?

By Paula Bernier January 24, 2014

BTI Systems may be primed for an IPO, according to a story yesterday by the Boston Business Journal.

This is important because it will give the market a better idea of the true value investors place on SDN, which is a very hot new market.

Marlborough, Mass.-based BTI Systems has raised $60 million, including an oversubscribed round last year. It now has 380 worldwide customers served by about 70 employees. Sally Bament, BTI Systems’ senior vice president of global marketing, told the journal that BTI Systems has grown faster than even it expected to.

Driving that growth is rapid adoption of cloud solutions, which put new demands on the data center. BTI Systems addresses that by providing content providers and service providers with software-defined network solutions. (To learn more about SDN, join TMC at SDN Precon on Jan. 28 – which is one week from today – in Miami).

BTI Systems in August issued a press release noting that it had significant momentum and global market penetration. It mentioned that Equinix was using

BTI’s intelligent networking solutions to interconnect data centers in Asia Pacific with results that include 20 percent more capacity, 35 percent in space saving with the smallest footprint per 10G wave, and 15 percent reduction in power consumption.

It said revenues for its data center and cloud solutions for the first half of 2013 equaled 120 percent of total data center and cloud revenues in 2012. It discussed how BTI cloud and data center interconnect solutions have been deployed in major international data center hubs, including Moscow, London, Sydney and Hong Kong. And it said its market momentum increased in APAC, with 1H 2013 bookings growth of 240 percent when compared to 1H 2012 bookings including new deployments with Moratel and S.I NET.

Network virtualization is where SDN is getting most of its leverage today, according to Netsocket in a recent blog. On this front, some service providers already are rolling out SMB edge routing and other services leveraging SDN.

ACG Research believes that SDN-enabled hardware space will exceed $707 million this year and reach $13.3 billion in 2018. The market for SDN software in service provider networks will be valued at $2.3 billion in 2018, the firm says.




Edited by Cassandra Tucker

Executive Editor, TMC

SHARE THIS ARTICLE
Related Articles

Workplace as a Service: The Next Big Growth Market?

By: Steve Anderson    8/22/2016

Looking for growth markets in this day and age can be a difficult process. With consumers comparatively weak and watching wallets-not to mention deman…

Read More

Coho Data SDN/SDS Platform Adds Support for HDFS

By: Paula Bernier    8/16/2016

Coho Data today unveiled DataStream 2.8, a rack-based software-defined networking and software-defined storage solution that can natively run file and…

Read More

RADCOM's MaveriQ Software to Help AT&T's Migration of Network Probe Functions

By: Frank Griffin    8/5/2016

Telecom operators are migrating to software-based network systems to cope with the immense amount of data they have to manage. And as 5G is ready to c…

Read More

UNH-IOL SDN Group Gets a New Member with Brain4Net

By: Steve Anderson    8/4/2016

The University of New Hampshire Interoperability Lab (UNH-IOL) has been offering a slate of useful services for developers and those in the networking…

Read More

Etisalat Steps into Virtual Telecom, Brings in New Mobile Core System

By: Steve Anderson    7/21/2016

Etisalat has been having a pretty good run of things lately. Not only has it recently brought out a complete telco cloud based around network function…

Read More