SAN JOSE, Calif.--(BUSINESS WIRE)--Viptela, the Software-Defined WAN (SD-WAN) company, today announced that it was selected Best New Product of the Year in the 2016 Big Awards for Business, presented by the Business Intelligence Group. The Viptela Software Defined WAN (SD-WAN) platform was recognized for transforming Wide Area Network (WAN) infrastructure. The BIG Awards, which began in 2012, recognize top performing organizations, products and individuals from around the globe.
“Viptela is honored to have been selected the best new product of the year in the 2016 BIG Awards for Business,” said Ramesh Prabagaran, Vice President of Product Management for Viptela. “Our SD-WAN technology solves the biggest challenges organizations face when enabling new services in the enterprise – whether they are rolling out revenue generating applications, deploying SaaS/cloud applications or connecting new branches, stores or ATMs. Viptela slashes wide area networking costs, increases bandwidth tenfold, and makes enterprises more agile.”
“Differentiation is a common theme among many of our winners, and we hope that trend continues,” said Russ Fordyce, Managing Director of the Business Intelligence Group. “Modern companies are now relying on their customers for inspiration and direction to improve and launch new products. We are so proud of all of the winners this year. It is truly a select group.”
WAN expenditures currently consume more than 10 percent of enterprise IT budgets, traffic is growing 30 percent year over year, but WAN budgets are mostly flat. The Viptela SD-WAN platform transforms WAN infrastructures to allow for fast roll-out across the extended enterprise, including remote offices, branches, stores, campuses, data centers, and cloud resources. With Viptela, companies can securely augment and replace slow and expensive legacy MPLS connections with fast and cheaper broadband alternatives. Viptela reduces telecom expenditures by 50% while providing 10x more bandwidth and 5x higher cloud performance. Viptela has more than 15,000 sites deployed worldwide, including more than 25 Fortune-500 enterprises. Several global carriers including Verizon and Singtel offer Viptela-powered managed SD-WAN services.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
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, Next Billion Dollar Startup by Forbes and 2016 Red Herring Top 100 Company. Viptela is backed by Redline Capital, Northgate Capital and Sequoia Capital. For more information, visit: viptela.com or follow us on Twitter @viptela.