Verizon has unveiled its new software-defined WAN service using Cisco’s Intelligent WAN (IWAN) technology.
The firms claims the solution harnesses the power of the internet with the performance and reliability of a private IP network, to help enterprises keep up with the continued growth of network traffic.
Jeff Reed, vice president of the Cisco Enterprise Infrastructure Solutions Group said “with Verizon’s new service, we are taking our IWAN solution to the next level.”
“Cisco IWAN’s open architecture enables Verizon to offer a flexible, highly secure and reliable service to its enterprise customers. With IWAN as the foundation and Verizon’s expertise in network management, the solution will enable enterprises to improve the application experience for their employees and customers,” he said.
Verizon and Cisco will both market and sell the managed solution to their respective enterprise customer bases in the US beginning in September.
The companies plan to roll out the solution in EMEA by the end of the year. The new solution will be supported by Verizon’s IT consulting group which help enterprises manage their transition to SD-based networking.
Market projections from analyst firm IDC indicate that the SDN market will reach $8 billion in revenue by 2018.