STOCK TITAN

Verizon Business expands its SD WAN portfolio with the addition of Silver Peak

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Verizon Business is enhancing its SD WAN offerings by integrating Silver Peak Unity EdgeConnect as a managed service to provide enterprises with secure WAN connectivity from Edge to Cloud. The acquisition by Aruba enables efficient management of business applications through this platform. Verizon's SD WAN portfolio allows for rapid deployment and advanced cloud control, essential for enterprises focusing on digital transformation. This strategic move reinforces Verizon's leadership in SD WAN solutions, recognized in various market assessments for its innovative services.

Positive
  • Integration of Silver Peak EdgeConnect enhances Verizon's SD WAN offerings, adding new capabilities for enterprise customers.
  • Verizon recognized as a leader in the SD WAN market by IDC and Gartner, indicating strong competitive positioning.
  • Support for digital transformation initiatives through advanced cloud control and WAN optimization.
Negative
  • None.

Verizon Business enterprise customers can utilize the Silver Peak Unity EdgeConnect SD WAN edge platform to help accelerate the deployment of secure, integrated WAN connectivity from Edge-to-Cloud

BASKING RIDGE, N.J., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Verizon Business is expanding its Software Defined-Wide Area Network (SD WAN) portfolio to include the Silver Peak® Unity EdgeConnect edge platform as a managed service offering.

Recently acquired by Aruba, a Hewlett Packard Enterprise company, the addition of the Silver Peak EdgeConnect platform to Verizon’s SD WAN portfolio provides enterprises with new optionality to transition to an SD WAN with integrated WAN Optimization environment for the management of business applications.

“There’s a transformative shift in the way that enterprises are looking to manage their WAN edge architecture, particularly in the context of today’s business climate. Legacy networks simply can’t keep up with the requirements of today’s cloud-first enterprises and the addition of the Silver Peak EdgeConnect platform to Verizon’s SD WAN portfolio is yet another achievement in driving value to businesses looking for rapid deployment of SD WAN and WAN Optimization experiences,” said Aamir Hussain, senior vice president of business products at Verizon Business.

Verizon’s SD WAN portfolio helps customers accelerate network transformation with advanced cloud control, centrally orchestrated and turnkey automated service assurance and management that is now integrated with Silver Peak® Unity EdgeConnect appliances and SaaS-based controllers to deliver a seamless service experience. In addition, these capabilities can be delivered with other value-added capabilities such as Security, WAN Optimization and Verizon Wireless Connectivity.

“As enterprises continue to advance digital transformation initiatives, many are realizing that an intelligent WAN architecture is critical to achieving maximum value from existing and ongoing cloud investments,” said David Hughes, founder of Silver Peak and senior vice president of the WAN business at Aruba. “Enterprises can benefit from Verizon’s industry-leading managed services practice that now includes the Unity EdgeConnect SD WAN edge platform.”

Verizon was first to market with a global SD WAN offer and the first to deliver virtualized services globally and was recently recognized as a leader in the IDC MarketScape: Worldwide Managed SD WAN 2020 Vendor Assessment (Doc #US45837420, August 2020) report.

For three years in a row, Gartner has recognized Silver Peak as a Leader in the Magic Quadrant for WAN Edge Infrastructure*.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

About Silver Peak

Silver Peak, recently acquired by Aruba, a Hewlett Packard Enterprise company, delivers the transformational promise of the cloud with a business-first networking model. The Unity EdgeConnect™ self-driving wide area network platform liberates enterprises from conventional WAN approaches to transform the network from a constraint to a business accelerant. More than 2,000 globally distributed enterprises have deployed Silver Peak SD-WAN solutions across 100 countries. Learn more at silver-peak.com.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Kyle Ragonese (US)
kyle.ragonese@verizon.com
732.236.3526

Nilesh Pritam (APAC)
+65.6248.6599
nilesh.pritam@sg.verizon.com

Clare Ward (EMEA)
+44.118.905.3501
clare.ward@uk.verizon.com


FAQ

What is the new offering in Verizon's SD WAN portfolio?

Verizon has integrated the Silver Peak Unity EdgeConnect platform as a managed service to enhance its SD WAN offerings.

How does Verizon's SD WAN solution support enterprises?

It provides secure WAN connectivity from Edge to Cloud, helping enterprises manage digital transformation effectively.

What recognition has Verizon received in the SD WAN market?

Verizon has been recognized as a leader in the SD WAN market by IDC and Gartner for its innovative offerings.

What benefits does Silver Peak EdgeConnect bring to Verizon's SD WAN?

It offers integrated WAN optimization and helps in the efficient management of business applications.

What is the significance of the acquisition of Silver Peak by Aruba for Verizon?

The acquisition enhances Verizon's capabilities in providing advanced SD WAN solutions, supporting enterprise needs.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Latest News

VZ Stock Data

180.99B
4.21B
0.04%
65.53%
1.2%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK