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AlphaPoint and IdentityMind Global partner to provide full compliance capabilities for digital currency exchanges, offering clients a complete package to rapidly launch compliant Bitcoin exchanges anywhere in the world. With IdentityMind’s platform, our customers can leverage the tools they need to comply with regulation all over the world Palo Alto, CA. (PRWEB) April 24, 2015 AlphaPoint, the leading provider of white label technology for digital currency exchanges, and IdentityMind Global, provider of risk management and anti-money laundering solutions, have partnered to provide AlphaPoint clients with complete user verification and anti-money laundering capabilities. AlphaPoint’s turn-key, white label solution gives customers the ability to launch their own digital currency exchanges in under 20 days, offering both a full stack software solution, as well as a liquidity service to bolster trading volumes. The partnership with IdentityMind will provide exchange owners with a crucial suite of compliance tools and technology to verify user identities, monitor transactions, prevent fraud, and comply with U.S. and international regulations. “With AlphaPoint, clients have the technology to launch a Bitcoin exchange in days. However, exchanges must also comply with a variety of regulatory requirements to operate legally,” explained Igor Telyatnikov, VP of Operations at AlphaPoint. “Owners must have their own AML program to verify user identities, monitor transactions, and screen against sanctions lists. With IdentityMind’s platform, our customers can leverage the tools they need to comply with regulation all over the world.” The partnership follows the successful launch of multiple joint exchanges between the two companies, with several exchanges in recent months leveraging AlphaPoint’s technology, and implementing IdentityMind’s integrated identification services to manage the regulatory requirements of operating an international money transfer service. “We made a commitment last year to provide the Bitcoin industry with the most effective, cost efficient compliance platform available,” said Garrett Gafke, President & CEO of IdentityMind Global. “Today, we’re proud to be the leading provider of KYC and compliance technology in the industry. Support for digital currency startups has been central to our efforts, and this partnership with AlphaPoint reinforces our commitment.” The IdentityMind platform provides users with transaction monitoring, sanctions screening, and sophisticated KYC services, including access to 16+ third party service and data providers. The platform is used by digital currency businesses across four continents, and provides users with a comprehensive toolset to reduce manual review processes. The IdentityMind IGNITE program provides digital currency startups with the platform’s full capabilities, starting at a low flat-rate fee. About AlphaPoint AlphaPoint is a technology company that powers digital currency exchanges and provides institutions aggregate access and order routing to digital currency markets. Its secure, scalable, and customizable platform can process nearly 1 million transactions per second, enabling customers to innovate, differentiate, and transform their businesses. As the world’s leading white label exchange provider, AlphaPoint powers several of the largest Bitcoin exchanges worldwide, and is led by a seasoned team with 35+ years in financial technology. AlphaPoint has offices in New York City, Philadelphia, and San Francisco. For more information, follow us at @AlphaPointLive or visit us at http://www.AlphaPoint.com. About IdentityMind Global IdentityMind Global provides risk management and regulatory compliance solutions for the ecommerce ecosystem. Their Fraud Prevention and Risk Management Platform provides financial institutions and online merchants with real-time capabilities to effectively address the operational challenges of conducting financial and payment transactions online. IdentityMind delivers integrated Fraud Prevention, Anti Money Laundering (AML), Know Your Customer (KYC), Merchant Underwriting and Transaction Monitoring. IdentityMind’s patent-pending technology Electronic DNA (eDNA™) recognizes identities based on electronic attributes and how these attributes are validated and correlated against each other. Our Platform shares eDNA™ across all our clients so they can all benefit while keeping identities and transactions private to each client. IdentityMind Global services clients worldwide including Banks, Money Service Business, Payment Service Providers, Virtual Currency Exchanges and Trading Platforms, and Online Merchants. For more information, visit us at http://www.identitymindglobal.com, or follow us on twitter: @identitymind.
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Websites infected with malware are a major culprit behind cyber attacks, and unsecured Web browsers are a common attack vector for hackers. A growing Silicon Valley startup is trying to solve that problem—by taking the Web browser out of the equation. Spikes Security says its browser-isolation technology protects computers from malware and Internet-borne attacks by creating a virtual machine that isolates the user’s own browser from the Internet. Infographic: Just browsing? Malware shops for data Company founder Branden Spikes came up with the idea in 2008 from the need to protect rocket scientists. He since has launched a startup that recently rolled out its first commercial version—and has sparked interest from several sectors, including credit unions. Free IDT911 white paper: Breach, Privacy, And  Cyber Coverages: Fact And Fiction The technology, called AirGap, works by using secure Linux appliance hardware that renders Web pages outside of the user’s network. The browser’s session is streamed back to the user through a high-performance, remote desktop connection of sorts—think of it like streaming a very high-quality video. “We come at it from a preconceived assumption that all browsers are malware by their very nature,” says Spikes, who serves as company CEO and CTO. A recent Ponemon Institute study sponsored by Spikes Security found that 81 percent of the 645 surveyed IT practitioners consider unsecured Web browsers as a primary attack vector. The same number found that Web-borne malware could be completely undetectable despite various security tools. “I feel like most of the other attack vectors have been solved or can be shut off,” Spikes says. “A Web browser cannot be turned off.” From rocket science to Silicon Valley Spikes was a consultant who installed firewalls when he met a guy named Elon Musk, who was working on an Internet startup. Musk went on to co-found PayPal, and later founded the aerospace developer and manufacturer SpaceX. At PayPal, Spikes oversaw cybersecurity, along with Web systems, databases and “all the sort of blinking lights that sit in the data center.” When Musk moved on to focus on SpaceX, he brought Spikes along. Spikes, who spent 10 years as CIO at SpaceX, was exposed to all sorts of network attacks there. But despite state-of-the-art defenses, one type consistently got through. “There’s one thing that was always able to defeat my defense mechanisms, and that was end users’ Web browsers,” he says. When Musk announced in the mid-2000s that he wanted to launch astronauts into space, Spikes says he started to lose sleep. “(I) had to defend the livelihoods of human beings with my network. …If I was unable to stop browser malware, I would really likely fail,” he says. Spikes’ job at SpaceX, essentially, was to not allow the bad guys to hack the network. That high bar, he says, meant he had to solve the challenge of protecting intellectual property that resided entirely on laptops and desktops. Spikes invented AirGap in 2008 while at SpaceX, but maintained the intellectual property rights. Four years later, he spun off his own startup. Today, Spikes Security employs 30 people in Los Gatos, Calif. The company received an $11 million Series A investment last fall that has allowed it to expand its engineering team and accelerate the development of new features. After a couple of years perfecting the technology and extensive beta testing, the product was rolled out officially earlier this year. About two dozen customer deployments are in place, with another two dozen in various testing stages. “When you’re building an innovative product like this, it requires a lot of ongoing education and collaboration with customers to ensure the product is meeting and exceeding expectations,” says Chief Marketing Officer Franklyn Jones. Challenging the competition The idea of browser isolation technology is not new. Several other vendors are offering isolation technology, including some big players. Typically, they’re trying to solve this through a sandbox or micro virtual machine. The problem, Jones says, is that if malware escapes the sandbox or VM, the network becomes affected. “We keep all the bad stuff outside the network,” he says. The company is having some early success with credit unions. “Small banks and credit unions are prime targets for cyber criminals because, very often, these firms do not have the IT staff or budget to build state-of-the-art security infrastructure,” Jones says. The company plans to launch a mobile version this year, and another major product announcement is due in a couple of months. “One of our long-term goals is to ensure that the Web is safe for everyone, everywhere, all the time,” Jones says. “We are on track to meet that objective before the end of the year.
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CHICAGO – April 7, 2015 – Trustwave® today announced that Singapore Telecommunications Limited (Singtel), Asia’s leading communications company, has entered into a definitive agreement to acquire Trustwave Holdings, Inc., a privately held information security company headquartered in Chicago. The acquisition strengthens Singtel’s information security capabilities and bolsters Trustwave’s ability to expand its leadership in managed security services globally. Trustwave Chairman, Chief Executive Officer and President Robert J. McCullen said: “We are excited to join Singtel and to leverage its global presence and resources to accelerate worldwide adoption of our security solutions. This strategic partnership creates an unparalleled opportunity to combine Singtel’s robust information and communications solutions with Trustwave’s industry-leading security technologies and managed services platform to deliver cutting-edge solutions that will enhance our customer experience. Singtel is the perfect partner for us as we continue to help businesses fight cybercrime, protect data and reduce security risk, and the Trustwave team is thrilled to become a part of such a prestigious and innovative organization.” Following the close of the acquisition, Singtel plans to combine its state-of-the-art information and communications technology (ICT) with Trustwave’s broad portfolio of managed security services. The acquisition will help expand Singtel’s existing line-up of cloud-based solutions to encompass security services, to create an end-to-end ICT offering to business customers-bolstering Singtel’s leadership position in the managed services market.   Trustwave adds a number of cyber security assets and capabilities to Singtel including:
  • More than three million business subscribers in 96 countries
  • More than 1,200 security-focused employees located in 26 different countries
  • Five global security operations centers (SOCs)located in Chicago, Denver, Minneapolis, Manila and Warsaw
  • The world-renowned Trustwave SpiderLabs®ethical hacking and threat research team
  • A broad portfolio of security technologies and intellectual property with more than 56 patents either granted or pending
  • The unified, cloud-based TrustKeeper®portal which is used to deliver Trustwave security and compliance services globally.
Chua Sock Koong, Singtel Group CEO, said: “We aspire to be a global player in cyber security. We have established a strong security business in the region, both organically and through strategic partnerships with global technology leaders. Our extensive customer reach and strong suite of ICT services, together with Trustwave’s deep cyber security capabilities, will create a powerful combination and allow Singtel to capture global opportunities in the cyber security space.” The managed security services industry is expected to grow rapidly in the coming years due to the increasing frequency and complexity of cyber-attacks. The industry is estimated to reach approximately US$24 billion in 2018, up almost 75 percent from approximately US$14 billion in 2014, according to the 2014 Gartner Information Security Forecast report.i Trustwave has expanded its leadership in managed security services over the years, and was recently recognized by the industry’s top industry analyst firms and media outlets. In December, IDC named Trustwave a “company to watch” in its profile of the company. Forrester Research also named Trustwave a leader in “The Forrester Wave™: Managed Security Services: North America, Q4 2014,” published in November iii. SC Magazine also recently named Trustwave a finalist for best managed security service in both their upcoming U.S. and European awards programs.
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AUSTIN, Texas—March 31, 2015—Mozido, mobile financial and retail marketing solutions provider, today announced it has participated in the Series B financing of IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. As a part of this investment, Mozido and IdentityMind have formed a strategic partnership to expand safe, secure mobile commerce around the world. “Mozido serves customers around the world that require specialized products and services to help them manage risk and secure compliance,” said Mike Love, president of Mozido. “Our investment in IdentityMind increases our capabilities in this critical area.” Mozido is creating a global footprint of consumer transactions that will benefit from the IdentityMind investment with increased capabilities to combat international payment fraud from the world’s banked and unbanked consumers. Mozido merchants and issuers will have a global, fraud prevention and evaluation system that ensures user identification, transaction authenticity, and mobile device security using a robust analytics platform consisting of dozens of data sources recognizing and validating identities around the world. Mozido has integrated IdentityMind’s technology into its MoTEAF platform—a cloud-based mobile ecosystem for payments, engagement, and rewards—and will be accumulating data from all transactions running on the MoTEAF platform. “Fraud prevention in e-Commerce and online transactions is most effective when the identity of the consumer or entity is known,” said Garrett Gafke, president and CEO of IdentityMind. “Our platform recognizes individuals based on a combination of attributes and helps validate how these attributes correlate against each other both online and offline. This is particularly important in mobile commerce where online merchants sacrifice collecting information for reducing friction in the mobile payment/registration process, and mobile adoption is larger within underbanked and unbanked demographics.” Because unbanked consumers don’t traditionally have the credit and transaction history that banked consumers typically have, Mozido’s partnership with IdentityMind will create a unique risk managed ecosystem for authenticating unbanked user identities. The partnership will give merchants the ability to ensure within every transaction:
  • Recognition: Merchants will initially be able to recognize the user and device
  • Identification: The user is compared across dozens of data sources to verify identity
  • Authentication: Once the user is identified, the transaction is authenticated across Mozido’s MoTEAF platform
  • Security: The transactions are completed in a highly secure environment, whether the user is requesting the payment token through a smartphone or a basic SMS-enabled mobile phone
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SpaceX and PayPal IT veteran Branden Spikes thought that when it came to founding his own technology firm in March 2012, developing and mastering the security technology itself would be the biggest challenge. But the CEO and CTO of Spikes Security, which now sells a browser isolation product designed to protect PCs from malware and Internet-borne attacks, was proven wrong. The biggest challenge was securing funding from the venture-capital community. “Initially, I thought building the product was going to be the big challenge I’d face, but it turned out to be fundraising,” he says. “It’s a ‘forcing function’ for building a really excellent, mature business,” he adds, referring to a task that forces you to take action to deliver the required result. Since his Silicon Valley startup obtained its required funding, however, Spikes says he’s been able to resume focusing more closely on the company, including guiding its growth. “I felt so great when we finally closed the fundraising, that I threw an incredible party and really breathed a sigh of relief, because not only did we achieve something nearly impossible – it seemed – but now I’m able to focus on the business and back on the product again, and that continues to be really exciting and a really fun day job.” Behind the Scenes That day job now involves developing security software called “AirGap.” Here’s how it works: Instead of users running a browser on their client, they run the lightweight AirGap client viewer. Behind the scenes, an AirGap Linux appliance – running either as a Spikes Security cloud service, or else as an on-premises rollout inside the enterprise – creates an isolated, virtual machine, with requisite operating system hardening, firewall and so on for each browser session. AirGap then relays any audio, video, text or graphics that are displayed in the browser – via “a much more benign format” than HTTP, Spikes says – to an AirGap client that runs on a user’s PC. That network and hardware isolation approach to running browsers is designed to block drive-by attacks and keep malware off people’s systems. Strategy: Grow, But Not Too Fast The AirGap software was released in beta last year, and this year the company has gone into full production. But Spikes says he’s cautious about his business growing too big, too fast. “We’re controlling the flow, if you will, to allow the company to grow at the proper pace,” he says. Recruitment is one rationale. Another is because “initially the cost of a customer is quite high, and so you really want to make sure that you’re getting the value out of that,” Spikes says, referring to required marketing investments, publishing related case studies, channeling lessons learned to the engineering team, and providing high levels of customer service to an expanding number of users. “Customer support is no easy task,” he says. “Our culture here is to provide a white-glove level of support for all customers, and to make that scale is also kind of a challenge.” In this exclusive Executive Session interview, Spikes discusses: The biggest challenges associated with founding and leading a security software startup; Strategies for making Spikes Security grow at the right pace, and his underlying thinking; Future plans to “hyperscale” the Spikes technology and sell not just to enterprises, but also the consumer world. Prior to founding and serving as CEO and CTO of Spikes Security, Spikes was the fourth employee to be hired at Space Exploration Technologies, or SpaceX, founded by entrepreneur Elon Musk, which is attempting to revolutionize space travel. Before that, Spikes was one of the first employees at PayPal, where he served as the director of IT, and he also worked at such firms as digital content studio Everdream and Web software company Zip2
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IdentityMind platform v1.18 offers financial institutions a practical response to the pressures of recent FDIC guidance regarding the application of the Bank Secrecy Act (BSA). New features include support for Enhanced Due Diligence (EDD) for beneficial ownership, expansion of the third party ecosystem, and improved Know Your Customer (KYC) services to prevent account fraud. http://www.prweb.com/releases/2015/02/prweb12506674.htm
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January 08, 2015 01:00 PM Eastern Standard Time SANTA CLARA, Calif.–(BUSINESS WIRE)–Load DynamiX, the leader in storage infrastructure performance validation, announced today that it closed 2014 with record revenues as it expanded its business to both storage technology vendors and enterprise IT organizations. Sales to IT organizations increased more than 350% in 2014 as IT architects and engineers strive to better control storage costs and future-proof performance requirements for their storage deployments. “As evidenced by our dramatically increased adoption by leading IT organizations, storage performance validation and the methodologies developed by Load DynamiX are rapidly becoming an essential core competency that supports the key IT imperatives of cost control and performance assurance.” Funding and Expansion Load DynamiX had a pivotal year in 2014 for growth and expansion. In May, the company raised a $12 million round of funding, led by HighBar Partners, to further product development and expand into new markets. After landing many key new accounts – including large service providers, global financial organizations, F50 manufacturers, and leading healthcare organizations in North America – the company recently announced the expansion of sales into Japan with the appointment of Toyo Corporation as its distributor and professional services partner. Company Growth Load DynamiX now employs a staff of over 70 people, as they hired key personnel in sales, product development and services. Most notably, Tim Van Ash recently joined Load DynamiX from CA Technologies in the role of vice president, product management. Product Innovations To further enhance their Load DynamiX Enterprise product suite, the company announced a series of industry innovations to help storage professionals optimize spending and assure performance of their storage deployments: The industry’s first integrated solution for generating compressible and de-duplicable data content streams to help vendors and IT architects understand the performance impact of data compression and inline deduplication, which is key to purchase decisions for Flash storage systems The industry’s first 16G Fibre Channel SAN performance validation solution A comprehensive VDI application workload model that looks at performance bottlenecks exclusively from the storage perspective The industry’s first Workload Iterator which helps storage engineers and storage architects test hundreds of variations for any networked storage workload scenario Strategic Vendor Partnerships Already established as the de facto performance validation standard to the engineering and QA teams at all the major storage technology vendor companies, Load DynamiX has become a key partner with the sales and marketing teams at several vendors over the year. Vendors and their channel partners have significantly shortened their sales cycles by helping their customers optimize both configurations and purchases so they are fully aligned to performance requirements. Partnership examples include: EMC recognized Load DynamiX as “Partner of the Year” in their EMC Technology Connect Advantage partner program for the company’s significant impact on EMC business in the last year. HP collaborated with Load DynamiX to offer their customers a deeper understanding of how virtual desktop infrastructure (VDI) and online transaction processing (OLTP) application workloads would perform on a HP ProLiant Gen9 server running HP StoreVirtual VSA software. Pure Storage and Cisco deployed Load DynamiX performance validation solutions to help accelerate their sales efforts and prove the value of their all flash arrays. Industry Recognition and Awards Because Load DynamiX offers the unique ability to understand the performance intricacies of all flash arrays, the company’s senior product evangelist, Peter Murray, helped establish and kick off the Storage Networking Industry Association (SNIA) technical working group on Solid State Storage System Performance Measurement. Peter Murray was later appointed to the distinguished SNIA Technical Council. He will work with the other Technical Council members to guide the direction of storage networking technologies, and assist the storage industry in developing and promoting global standards. In a round of industry recognition for the company’s accomplishments, Load DynamiX started out the year by being recognized with a ‘Product of the Year’ Gold Award in the Storage Management Tools category by the editors of Storage magazine-Searchstorage.com. Red Herring also recognized the company as a Top 100 North America Winner, a prestigious award honoring the year’s most promising private technology ventures from the Americas business region. Load DynamiX swept the first IT Brand Pulse survey conducted for Storage Performance Validation taking the Market, Price, Performance, Reliability, Service & Support, and Innovation titles. TMC’s InfoTech Spotlight honored the company by naming Load DynamiX a 2014 Data Center Excellence Award Winner. Finally, CIO Review, a publication for enterprise IT decision makers, named Load DynamiX to its list of “Most Promising EMC Solution Providers 2014.” “The storage industry is going through one of the biggest transitions in decades, with flash, hybrid, and software defined storage systems driving significant disruption to the status quo. Fully understanding the performance impact and ROI of these technologies as it relates to their application workloads is becoming essential to IT infrastructure architects,” said Philippe Vincent, president and CEO of Load DynamiX. “As evidenced by our dramatically increased adoption by leading IT organizations, storage performance validation and the methodologies developed by Load DynamiX are rapidly becoming an essential core competency that supports the key IT imperatives of cost control and performance assurance.” Load DynamiX products work with any file, block and object storage system across all vendors as a true independent storage performance validation solution. For the latest news and information, engage with Load DynamiX via: Homepage: www.loaddynamix.com Twitter: https://twitter.com/LoadDynamiX Blog: www.loaddynamix.com/blog Facebook: https://www.facebook.com/pages/Load-DynamiX/287927074597112 LinkedIn: https://www.linkedin.com/company/221570?trk=tyah About Load DynamiX As the leader in storage infrastructure performance validation, Load DynamiX empowers storage professionals with the insight needed to make intelligent decisions regarding networked storage. By accurately characterizing and emulating real-world application behavior, Load DynamiX optimizes the overall performance, availability, and cost of storage infrastructure. The combination of advanced workload analytics and modeling software with extreme load-generating appliances give IT professionals the ability to cost-effectively validate and stress today’s most complex physical, virtual and cloud infrastructure to its limits. Contacts Load DynamiX Kelly Dorsey, 818-436-9646 kdorsey@loaddynamix.com
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Mountain View, Calif. — December 9, 2014— ConteXtream (http://www.contextream.com/), a leading provider of carrier-grade network virtualization solutions, today announced the launch of ContexNet 4.0, the first commercially-available OpenDaylight-based, carrier-grade software-defined networking (SDN) fabric for network functions virtualization (NFV). ContexNet 4.0 helps carriers avoid commoditization of their products and develop new revenue streams by creating a more flexible and programmable network through a SDN/NFV model. According to Ovum’s recent World Cellular Data Metrics report (http://bit.ly/1uJLRGJ), LTE subscriptions are expected to rise to more than 2 billion by 2019, increasing from 250 million today. Along with this growth in subscribers, carriers are experiencing significant growth in voice and data usage placing added pressure on the network. However, while network usage continues to grow, carriers are also seeing a significant drop in data pricing with an estimated decrease of 77 percent during the first nine months of 2014, according to Chetan Sharma’s Q3 2014 report (http://bit.ly/1HfUgrn). As a result, carriers are finding it harder to reinvest in the network – putting them at risk of becoming commoditized as voice and data only providers, while over-the-top providers like Facebook, Twitter and others are seeing significant increased revenue from mobile. To combat this trend, carriers are looking to SDN and NFV to virtualize their networks so they can decrease costs and be more nimble to capitalize on current market trends. ContexNet 4.0 helps carriers overcome deployment challenges and enables them to pursue new revenue opportunities by leveraging an industry-standard approach that easily integrates into existing infrastructure and provides the flexibility needed to quickly introduce and support new services. This paves the way for service providers to offer more personalized, a la carte-style plans to consumers, such as video or music streaming, without straining the network as a whole. Taking advantage of OpenDaylight, OpenStack, OpenFlow and other industry standards, ContexNet 4.0 provides unsurpassed scale, supporting millions of subscribers with customized service profiles, as well as the resiliency, high-availability and extendibility requirements for carriers’ unique network needs. This complies with the Internet Engineering Tasks Force (IETF) horizontal standard interfaces for network virtualization allowing operators to create programmable networks that are not only flexible and self-healing, but also have a high degree of consistency. The solution also allows for geographically dispersed sites to be unified and operate as a single network. Supporting Quotes:
  • “Today’s wireless carriers are facing a tipping point. They need to innovate beyond their traditional service model or become the latest commodity industry,” said Nachman Shelef, chief executive officer and co-founder, ConteXtream. “The cost of increased traffic without corresponding growth in ARPU has tightened profit margins for carriers, making it harder to continue building up the network to meet future needs and investing in R&D to identify and launch new services. ContexNet 4.0 allows service providers to optimize their network to meet traffic demands, control costs and introduce new services so they can open up new revenue streams.”
  • “ConteXtream has been a valuable member and an active contributor of the OpenDaylight community,” said Neela Jacques, executive director, OpenDaylight. “They were also among the first companies to embed OpenDaylight code into a commercially shipped product. It will be exciting to watch how OpenDaylight continues to impact their solutions.”
  • “To meet customer needs, it is important for us to be able to add new services to our portfolio at record speed and provide these customers with high quality services,” said Pål Grønsund, PhD, research scientist, Telenor Research. “We have been working with ConteXtream for a while and it clearly has the potential to contribute to these values. We also did an ETSI POC on Gi-LAN virtualization and now we are working on our next ETSI POC on SDN-enabled EPC with them, which also uses ConteXtream’s OpenDaylight-based Carrier-SDN fabric. We are excited to be partnering with ConteXtream on the new network paradigm of network virtualization.”
  • “Our customers want us to provide an end-to-end, high performance solution that exceeds their performance, scalability and reliability requirements,” said Werner Schaefer, vice president, Network Functions Virtualization, HP. “HP is committed to delivering an open platform for NFV, complemented by joint solutions with partners like ConteXtream, enabling us to offer the networking solutions service providers need to reduce capital and operating expenditures, while also introducing revenue-generating services.
  •  “ConteXtream has been a leading pioneer in delivering cloud-based network virtualization for service providers and has been battle-tested with major carriers since it introduced its first subscriber aware solution in 2010,“ said Sue Rudd, director service provider analysis, Strategy Analytics. “The new iteration announced today complies with OpenDaylight – http://www.opendaylight.org/ – and other open industry specifications to address real world multi-vendor, multi-cloud challenges that are not yet being met by non-proprietary vendors in the space.”
  • “ConteXtream’s strategy is well-aligned with carrier’s interest in open source SDN solutions,” said David Krozier, principal analyst, network infrastructure, Ovum. “The company’s new OpenDaylight-based, ContexNet 4.0 product builds on ConteXtream’s significant experience in delivering carrier-grade SDN solutions.”
  • As an early participant in the carrier-SDN sector, ConteXtream’s contributions to OpenDaylight are particularly informed and valuable,” said Daniel Keoppel, executive director, Verizon Ventures. “We support innovations in open standards through our investments in ConteXtream and other Verizon Venture portfolio companies.”
To learn more about ContexNet 4.0 visit: http://www.contextream.com/contexnet/ About ConteXtream ConteXtream is a privately held software-defined-networking (SDN) company that enables carriers to deliver network capacity and functions in the same way cloud providers deliver applications effectively utilizing standard compute and storage. ConteXtream’s SDN offering, based on standards is carrier-grade and enables Network Function Virtualization (NFV) for various solutions deployed on carrier networks. Deployed by Tier-1 operators, ConteXtream’s Carrier-SDN dynamically and elastically connects subscribers to services and enables carriers to leverage standard, low-cost server hardware and hypervisors to virtualize functions and services, while replacing costly purpose-built proprietary systems. Headquartered in Mountain View, Calif., ConteXtream is backed by Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures as well as Comcast Ventures and Verizon Ventures. For additional information, visit www.contextream.com.
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