http://www.riazhaq.com/2017/05/pakistani-american-co-founders-sell.html
Cisco is paying $610 million to acquire Viptela, a software-defined-networks (SDN) start-up in Silicon Valley that was co-founded in 2012 by Pakistani-American entrepreneurs Amir Khan, Atif Khan and Khalid Raza.
L to R Back: Venu Hemige, Khalid Raza Front Atif Khan, Amir Khan, Ramesh Prabagaran Courtesy: Sequoia Capital
"Together, Cisco and Viptela will be able to deliver next-generation SD-WAN solutions to best serve all size and scale of customer needs, while accelerating Cisco's transition to a recurring, software-based business model," said Rob Salvagno, Cisco's executive in charge of mergers and acquisitions.
Viptela's software-defined wide area networking (SD-WAN) technologies are enabling small and large companies tackle the ongoing transition to cloud computing efficiently and effectively.
Viptela was founded by 5 co-founders, three Pakistanis and two Indians, in 2012 and had raised more than $108 million, including its most recent $75 million round just last May. The $610 million sale price offers a pretty good return for investors.
Prior to starting Viptela, the founders worked in different capacities for major network equipment companies including Cisco, Huawei and Juniper. Two of the founders, Khalid Raza and Atif Khan, are alumni of Karachi's NED University of Engineering and Technology.
Viptela and other companies in this space are benefiting from the continuing transition to a cloud-based subscription business.
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http://www.riazhaq.com/2017/05/pakistani-american-co-founders-sell.html
Cisco is paying $610 million to acquire Viptela, a software-defined-networks (SDN) start-up in Silicon Valley that was co-founded in 2012 by Pakistani-American entrepreneurs Amir Khan, Atif Khan and Khalid Raza.
L to R Back: Venu Hemige, Khalid Raza Front Atif Khan, Amir Khan, Ramesh Prabagaran Courtesy: Sequoia Capital
"Together, Cisco and Viptela will be able to deliver next-generation SD-WAN solutions to best serve all size and scale of customer needs, while accelerating Cisco's transition to a recurring, software-based business model," said Rob Salvagno, Cisco's executive in charge of mergers and acquisitions.
Viptela's software-defined wide area networking (SD-WAN) technologies are enabling small and large companies tackle the ongoing transition to cloud computing efficiently and effectively.
Viptela was founded by 5 co-founders, three Pakistanis and two Indians, in 2012 and had raised more than $108 million, including its most recent $75 million round just last May. The $610 million sale price offers a pretty good return for investors.
Prior to starting Viptela, the founders worked in different capacities for major network equipment companies including Cisco, Huawei and Juniper. Two of the founders, Khalid Raza and Atif Khan, are alumni of Karachi's NED University of Engineering and Technology.
Viptela and other companies in this space are benefiting from the continuing transition to a cloud-based subscription business.
Related Links:
Haq's Musings
OPEN Silicon Valley Forum 2017: Pakistani Entrepreneurs Conference
Pakistani-American's Tech Unicorn Files For IPO at $1.6 Billion Valuation
Pakistani Brothers Spawned $20 Billion Security Software Industry
Pakistani-American Ashar Aziz's Fireeye Goes Public
Pakistani-American Pioneered 3D Technology in Orthodontics
Pakistani-Americans Enabling 2nd Machine Revolution
Pakistani-American Shahid Khan Richest South Asian in America
Two Pakistani-American Silicon Valley Techs Among Top 5 VC Deals
Pakistani-American's Game-Changing Vision
Minorities Are Majority in Silicon Valley
http://www.riazhaq.com/2017/05/pakistani-american-co-founders-sell.html
