Cradlepoint has acquired Pertino, a Silicon Valley-based company focused on developing software-defined networking solutions. No financial terms were disclosed. Pertino was backed by Jafco Ventures, Norwest Venture Partners and Lightspeed Venture Partners.
Boise, ID – December 8, 2015 – Cradlepoint, the global leader in software-defined 4G LTE network solutions for enterprises, announced today that it has acquired Pertino, a privately held Silicon Valley company that pioneered the use of software-defined networking (SDN) to deliver cloud-based networks-as-a-service for enterprise and small-to-medium business (SMB) customers worldwide. The move enables Cradlepoint to leverage Pertino’s cloud platform and deep technical expertise to bring the benefits of SDN to 4G LTE, broadband and MPLS wide-area networks (WANs) for SMB, enterprise, government and carrier organizations. This acquisition will allow Cradlepoint to quickly address the emerging opportunity for software-defined enterprise network solutions and services. Financial details regarding the acquisition were not announced.
“Enterprises around the world are moving to the flexible, more fluid networking options created by 4G as CIOs look to complement, augment and extend their existing WAN infrastructure, a move that supports their needs today to rapidly turn-up new services and capabilities in a less complex and more cost-effective way. As enterprises begin to connect ‘things (IoT)’ as well as people and places, they are telling us that they need a more scalable, secure and agile network,” said George Mulhern, CEO and Chairman of the Board for Cradlepoint. “Our ability to help global customers through this transition to an agile, software-driven infrastructure and service delivery framework was a key driver in the decision to acquire Pertino. The combination of our two companies and technology platforms will enable us to create significant value for our customers, partners and company.”
Cloud, mobile and IoT are driving the need for a new enterprise WAN, one that overlays the Internet and provides always-on connectivity for people, places and things—anywhere. 4G LTE has rapidly become the preferred means to keep everything and everyone connected because of the agility, speed and reliability it provides. While 4G has become the WAN access of choice for a wide variety of market segments and applications, it is quickly becoming a requisite component of the CIO’s enterprise expansion and service delivery plans. The addition of the Pertino technology and team strengthens Cradlepoint’s efforts to enable private, wireless virtual networks over the public Internet with virtualized services that run in the cloud and CPE to provide the end-to-end visibility, security and control enterprises need.
“Enterprise networks are going through unprecedented change. By 2020, the number of mobile workers is expected to swell to over 72% of the U.S. workforce, tablets and smartphones will far exceed PCs and servers, and over 8 billion ‘things’ will need secure, always-on connectivity to the enterprise. These seismic trends are creating the need for more scalable, secure, agile and reliable WANs with pervasive wireless connectivity,” said Craig Elliott, co-founder and CEO of Pertino. “I’m very excited about the acquisition of Pertino by Cradlepoint. Together, we’re bringing the benefits of SDN and cloud networking to 4G LTE connectivity for enterprises, SMEs and carriers worldwide, creating a new category of software-defined 4G LTE networks in the process.”
“Over the last few years, Cradlepoint has developed expertise in understanding the ubiquitous demand for bandwidth across enterprise organizations and how 4G solves key business issues for a wide variety of vertical markets and use cases. With the addition of Pertino’s software and orchestration capabilities for over-the-top service flexibility, Cradlepoint has the potential to impact the market as more and more enterprises recognize the need to use different types of traffic to meet their business demands,” said Christian Renaud, research director, Internet of Things, 451 Research Group.
Cradlepoint is the global leader in software-defined 4G LTE network solutions. Enterprise adoption of cloud, mobile and Internet of Things (IoT) technologies is driving the need for always-on connectivity for people, places and things anywhere. Cradlepoint’s cloud-based platform combines software-defined networking and radio technologies with virtualized services and CPE to deliver 4G LTE networks that are secure end-to-end, agile to deploy, and ultra-reliable. Over 15,000 enterprise, SMB and government customers around the world rely on Cradlepoint to keep their critical sites, remote workforces, vehicles, assets and machines always connected and protected. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with offices in Silicon Valley, Canada and the UK. Learn more at cradlepoint.com or follow us on Twitter @cradlepoint.