Avi Networks buys VC-backed StacksWare


Avi Networks has acquired San Francisco-based StacksWare, a provider of SaaS cloud management solutions. No financial terms were disclosed. According to Crunchbase, StacksWare was backed by Greylock Partners and Lightspeed Venture Partners.

PRESS RELEASE

SANTA CLARA, Calif.–(BUSINESS WIRE)–Avi Networks, the leader in next-generation load balancing and application services, today announced the acquisition of StacksWare. As enterprises expand their use of cloud technologies, there is a strong desire to consume network services such as elastic load balancing, application analytics, and web application firewalls in a software-as-a-service (SaaS) deployment model. StacksWare, a pioneer in SaaS cloud management solutions, will lead the continued development of Avi Networks’ SaaS and managed services offerings.

“Today, every enterprise is adopting cloud technologies, but none of that is practical without robust, automated, scalable, and easy-to-use application networking services,” said Murali Basavaiah, vice-president of engineering and co-founder of Avi Networks. “The passion, drive, and technical capabilities of the StacksWare’s team captured our attention, and will help us to further develop our SaaS capabilities.”

The StacksWare team will help Avi enhance product capabilities to deliver:
Enterprise-grade, as-a-service products for ADC, security, and application visibility
Multi-cloud SaaS solutions that enable enterprises to take advantage of the cloud platform(s) of their choice
Simplified operations with intelligent analytics for SaaS delivery of application services
Avi’s multi-cloud, software-defined architecture with central control and support for per-tenant and per-app deployments is a natural fit for over-the-top and managed services offerings. With the expertise of the StacksWare team, Avi will enhance its SaaS management platform and make it available early next year.

About Avi Networks
Enterprises are driving a digital transformation as they adopt cloud infrastructure and leverage modern applications and app architectures, like microservices and containers. However, legacy application delivery controllers (ADC) are a bottleneck because they are confined to expensive hardware, inelastic, and have only limited functionality for modern applications and infrastructure.

Avi Networks completes enterprises’ digital transformation with its smart load balancer and modern application services. The solution works across data centers and clouds to deliver better elasticity, intelligence, and cost savings by providing granular per-tenant and per-app services. Global 2000 customers receive 5x faster application rollouts, actionable analytics, and 70% lower cost. Learn more at www.avinetworks.com or @avinetworks.

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