2007'12.05.Wed
Virtela Achieves Major Milestones In Asia Pacific Region
November 15, 2007
Global Channel Success Contributes to Surpassing Financial and Business Goals for 2007 DENVER, Nov. 15 /Xinhua-PRNewswire/ -- Virtela, the global network solutions company, today announced the company has achieved quadruple revenue growth in the Asia Pacific region, which has contributed to achieving several significant company milestones ahead of business plan. Virtela's channel sales organization added a number of strategic new partners since the beginning of the year, helping to triple monthly recurring revenues from new orders in Asia as well as double them in Europe -- altogether fueling a 23% increase in overall channel revenues. "With Virtela's ability to offer secure, turn-key global managed solutions for system integrators and service providers with zero capex investment, we added four new strategic channel partners in Asia alone," said Ronald Brouwers, Virtela's vice president for Asia Pacific, based in the company's regional headquarters in Singapore. "As Asian enterprises rapidly expand their global requirements, we've seen the north Asian market enjoying the highest growth. We serve some of the region's largest multinationals through our channel partners, and we expect to see continued strong growth building on those strong relationships." Virtela's channel sales momentum helped contribute to the privately-held company's record results since the beginning of the calendar year, most notably becoming cash flow positive from recurring operations for the last three quarters. This major financial milestone is in addition to reaching five consecutive quarters of profitability. "We've had unprecedented success this year in attracting large carriers and systems integrators wanting to easily and quickly fill gaps in their geographical reach and service portfolios," added John Powell, vice president of global channels. "As a result, we're well on our way to achieving yet another record-setting year for new business orders." Virtela's partner program enables systems integrators, communications carriers and other service providers to leverage Virtela as their global delivery arm for integrated business solutions comprised of network, security and IT infrastructure services. Partners can instantly gain a competitive edge by extending their reach and service portfolio without any capital investments. Partners have access to the full suite of Virtela services and capabilities on a global basis via a single point of contact, including: -- Custom MPLS, IP and DSL VPN Solutions -- Managed WAN Acceleration -- SaaS Application Delivery -- Managed Security Solutions, such as SSL, Firewall, and Intrusion Prevention -- Pandemic Capacity Planning -- Network Optimization for Mergers, Acquisitions and Divestitures (NOMAD) Virtela aggregates and integrates the best local, regional and global networks around the world to offer unparalleled geographic reach. By adding a unique layer of intelligence that performs optimal routing and automatic fail-over between networks, Virtela's multi-carrier Global Service Fabric infrastructure gives enterprises an inherently higher performing, more reliable and cost effective alternative than single carrier networks. Virtela is the single point of contact for expert design, implementation, 24x7 monitoring and management of customer networks. Virtela's solutions are available in more than 190 countries and are being used by enterprises across a wide variety of industries -- from consumer products and manufacturing firms to high-tech firms and not-for-profit organizations. About Virtela Virtela Communications Inc. delivers award-winning network and security solutions to many of the world's largest and fastest-growing multinational companies. Currently serving customers across six continents, Virtela's network reach spans more than 190 countries. Virtela's unique Global Service Fabric(SM) offers the foundation for delivering critical applications via the company's acclaimed service methodology, with a services suite that includes MPLS- and IP-based virtual private networks (VPNs), security services, remote monitoring and management of WAN/LAN infrastructure, and converged services (data, video, voice). Virtela is headquartered in Denver, Colorado, with a second Network Operations Center in Mumbai, India. Virtela is a member of Juniper Networks (Nasdaq: JNPR) Managed Network Solutions Preferred Alliance Program. For more information, please call +1 (720) 475-4000 or visit http://www.virtela.net . For more information, please contact: Jane Morrissey Virtela Communications Tel: +1-720-475-4012 Email: jmorrissey@virtela.net
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