Trending...
- California: Governor Newsom statement on selection of new UC President
- $4.3 Million Patent Application Waiver Fee Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression & PTSD: NRX Pharma
- California: Governor Newsom, Superintendent Thurmond announce over $618 million to support another 458 community schools
netElastic vBNG and CGNAT are Helping Broadband Providers Scale for Growth
SANTA CLARA, Calif. - Californer -- netElastic, an innovative software company providing high-performance virtual routing solutions, announced today that it achieved 175% USD year-over-year revenue growth in 2023, fueled by growing demand for software-based, disaggregated networks. In 2023, netElastic added 79 new customers and 31 new channel partners. netElastic also surpassed 3 million end users globally. This reinforces netElastic's position as an attractive alternative to proprietary, expensive vendors like Cisco and Juniper.
"Our growth reflects the success customers are having with our solutions," said Weixiao Liu, netElastic CEO. "netElastic vBNG was one of the first vBNGs to achieve one terabit of throughput and is helping service providers keep up with increasing bandwidth demand, while our software-based solutions are also significantly lowering total cost of ownership. Our strategy of leveraging virtual routing leadership and excellent customer support has been a winning formula, and our ongoing relationships with our customers continue to help us make our products even better."
More on The Californer
"netElastic continues to increase its global presence as broadband service providers worldwide embrace netElastic's value propositions of greater scalability, high performance, and ease of use," said David Williams, netElastic SVP, Sales and Marketing. "Network disaggregation is shaping the future of telecom, and netElastic vBNG and CGNAT are helping service providers to benefit from it easily."
About netElastic
netElastic is an innovative software company providing high-performance routing solutions for broadband service providers. netElastic developed one of the first software-based (or virtual) broadband network gateways and has been a leader ever since. netElastic vBNG brings greater scalability, flexibility, and lower costs than traditional BNG solutions.
netElastic CGNAT helps broadband providers conserve IPv4 addresses while ensuring a smooth transition to IPv6. netElastic's software-based CGNAT also offers the lowest TCO in the industry.
"Our growth reflects the success customers are having with our solutions," said Weixiao Liu, netElastic CEO. "netElastic vBNG was one of the first vBNGs to achieve one terabit of throughput and is helping service providers keep up with increasing bandwidth demand, while our software-based solutions are also significantly lowering total cost of ownership. Our strategy of leveraging virtual routing leadership and excellent customer support has been a winning formula, and our ongoing relationships with our customers continue to help us make our products even better."
More on The Californer
- Nicky Dare Honors Indonesian Heritage at VAPI–Valley Asian and Pacific Islanders Cultural Festival
- California launches new AI-powered chatbot that provides wildfire resources in 70 languages
- Summit Startup Solutions Launches Innovative, Flexible Support Services for Startups
- Cal Lutheran Celebrates 1,018 Graduates!
- California: Governor Newsom appointed co-chair of U.S. Climate Alliance
"netElastic continues to increase its global presence as broadband service providers worldwide embrace netElastic's value propositions of greater scalability, high performance, and ease of use," said David Williams, netElastic SVP, Sales and Marketing. "Network disaggregation is shaping the future of telecom, and netElastic vBNG and CGNAT are helping service providers to benefit from it easily."
About netElastic
netElastic is an innovative software company providing high-performance routing solutions for broadband service providers. netElastic developed one of the first software-based (or virtual) broadband network gateways and has been a leader ever since. netElastic vBNG brings greater scalability, flexibility, and lower costs than traditional BNG solutions.
netElastic CGNAT helps broadband providers conserve IPv4 addresses while ensuring a smooth transition to IPv6. netElastic's software-based CGNAT also offers the lowest TCO in the industry.
Source: netElastic
0 Comments
Latest on The Californer
- Miss United Crown of America Launches as a National Platform for Purpose-Driven Titleholders
- Judge Joscelyn Jones Honored with Toastmasters Award for Communication and Leadership Excellence
- California: Governor Newsom announces appointments 5.8.25
- Long Beach Parks, Recreation and Marine and Fire Department to Host Water Safety Day
- Terra Divine Skincare Earns Coveted Spot on Organically Becca's Clean Brand Master List
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
- Emmetra Partners with Renesas to Advance Agentic AI-Powered Imaging Solutions
- Gravity to Bring 5-Minute EV Charging to 8 Sites Across Greater LA
- California: Governor Newsom issues statement on Pope Leo XIV, the first American Pope
- New poll shows high rates of employee burnout amid concerns over politics and personal finances
- Tessellations Appoints Luthern Williams as Head of School
- Aureli Construction Sets the Standard for Seamless Home Additions in Greater Boston
- Psychological Thriller "Killing Off Connor" To Open 34th IFS Film Fest After 12-years In Post
- Harvest Properties Acquires Two San Francisco Bay Area Self Storage Facilities for $44.2 Million
- California businesses in near-universal compliance with prohibition of intoxicating hemp products harmful to youth
- California: Governor Newsom announces upgrades to 21 state fish hatcheries to boost salmon populations
- Solaris Energy Infrastructure, Inc. (SEI) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Risk Rater, Threat Assessment App, gives Users the Same Threat Evaluation as the Rich and Powerful
- Is it Really True That Tariffs Will Raise Car Insurance Rates?
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform