Aryaka (www.aryaka.com), provider of the world’s first cloud-based WAN optimization and application acceleration solution, today announced an oversubscribed $15 million Series B round of funding, led by Nexus Venture Partners with participation from Trinity Ventures and Mohr Davidow Ventures.
Aryaka will use the additional funds to further accelerate adoption of its revolutionary SaaS model for data transfer and application delivery in the lucrative midmarket. Following an initial financing round of $14 million, this additional investment will help Aryaka better enable enterprises around the world to deploy WAN optimization solutions in a matter of hours instead of months, and without any capital expenditure.
“This round will be used to fuel sales and marketing and to push into growth markets across Asia and Europe,” said Ajit Gupta, founder and CEO of Aryaka. “The Aryaka network is fully operational, our new Emergence strategic alliance program is gaining more partners every day and our customer base is rapidly growing as more enterprises migrate to cloud-based services to drive their business.”
“During the last five years, we have seen the WAN optimization market explode from a $700 million market in 2006 to an expected $1.9 billion market in 2011,” according to Gartner, Inc. (Gartner Cool Vendors in Enterprise Communications and Network Services, 2011, 5 April 2011, ID Number G00211319). However, many WAN optimization projects are hamstrung by having to deploy appliances in each branch office. Fortunately, organizations with globally distributed locations can derive significant benefits from Aryaka’s new cloud-based WAN optimization technology that improves application performance and reduces bandwidth requirements. The overall market size will increase ten-fold over the next 5 years with the inclusion of cloud-based solutions for WAN optimization and application acceleration.
“Vendors are developing innovative approaches that make the deployment of cloud-based communications and networking services more secure, reliable and efficient,” as stated in the report. Further, “attractive subscription-based pricing, along with favorable terms and conditions, are enabling cloud-based services to be cost-effective for emerging communications and networking uses. Organizations with globally distributed locations should consider WAN optimization services to eliminate the need for distributed WAN optimization appliances.”
Aryaka is responding to the changing needs of today’s emerging enterprise, which are typically challenged by having to manage a combination of headquarters and branch offices; on-site and cloud applications and storage; data on local servers and in data centers; and on-site and offshore teams and remote workers. Aryaka links multiple branch offices around the globe with distributed data centers and corporate headquarters to enable remote employees and teams to work anytime, anywhere. By delivering an intelligent, optimized, scalable network, Aryaka makes easy-to-deploy WAN optimization and application acceleration a reality for companies of all sizes, at a significantly lower cost than traditional appliance-based solutions.
“Distributed data centers and rapid adoption of cloud architecture that increasingly support a global and mobile workforce are driving the need for a cloud-based WAN optimization solution, a need that cannot be served by inflexible appliance-based technologies,” said board member Naren Gupta of Nexus Venture Partners. “We are privileged to be selected as a partner by the talented Aryaka team.”
Founded in November 2008, Aryaka Networks, Inc. delivers cloud-based application acceleration and WAN optimization with true business results. Headquartered in Milpitas, California, with offices in Bangalore, India, Aryaka is funded by Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners and Stanford University. Key advantages of the Aryaka solution include a secure, scalable and reliable application acceleration and WAN optimization platform as a service, rapid deployment, ease of integration, complete visibility and a significantly lower total cost of ownership.
For more information, please visit www.aryaka.com