Red Hot Startup Avi Networks Acquires Cloud Management Specialist StacksWare
The fast-growing network and application startup Avi Networks has acquired StacksWare, a two-year-old company that provides SaaS-based cloud management.
"The passion, drive and technical capabilities of the StacksWare's team captured our attention, and will help us to further develop our SaaS capabilities," said Murali Basavaiah, vice president of engineering and co-founder of Avi, in a statement. "Today, every enterprise is adopting cloud technologies, but none of that is practical without robust, automated, scalable and easy-to-use application networking services."
Terms of the deal were not disclosed.
Touting itself as the leader in next generation load balancing and application services, Santa Clara, Calif.-based Avi grew bookings by 440 percent and increased its customer base by 270 percent over the past 12 months. The startup also recently formed a reseller partnership agreement with Cisco to boost its channel presence.
"We think now is the time for us to start engaging more with the channel," said Avi CEO Amit Pandey (pictured), in a recent interview with CRN. "So this Cisco relationship is a great way to do it by giving us access to all of Cisco's channel partners which is really fantastic leverage for us. When you start working with a company with the caliber like Cisco, it gets the attention of their channels and their customers."
Avi owns a multi-cloud software-defined architecture with central control and support for per-tenant and per-application deployment, which the company says is a natural fit for over-the-top and managed services offerings.
StacksWare, founded in 2015, will help enhance Avi's product capabilities to deliver enterprise-grade as-a-Service solutions for application delivery controllers, security and application visibility, as well as its multi-cloud SaaS solution, according to Avi. StacksWare's product enables customers in real-time to see which users are using what applications in an environment.
Avi's said its enhance SaaS management platform with StacksWare technology will become available in early 2018.