Amdocs joins Fortinet,Versa Network in service provider SD-WAN, SDN and NFV push

ST. LOUIS ⎯ OCT 8, 2018 ⎯ Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced its collaboration with Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, and Versa Networks, innovator of a next-generation software platform that integrates cloud, networking and security services, to launch a new multi-domain, service provider SD-WAN, SDN and NFV orchestration packaged solution.

Amdocs NFV orchestration is integrated with Fortinet’s advanced security services, the Fortinet Security Fabric and Versa Networks’ SD-WAN platform to empower service providers to securely offer their business customers the ability to rapidly and efficiently spin up and spin down virtual network functions (VNFs) across customer premises, data centers and the cloud. The solution can be easily integrated with any operations and business support systems (OSS/BSS), enabling service providers to quickly deploy and monetize their managed SD-WAN and security services, while reducing deployment and operational costs.

The packaged solution enables service providers to offer their customers Fortinet’s full range of advanced security services and deliver comprehensive threat protection by leveraging the capabilities of the Fortinet Security Fabric, which provides broad visibility, integrated threat detection and automated response to address today’s sophisticated cyberthreats.

Fortinet VNF, which can be deployed at customer premises, data centers or public cloud, allows service providers the scalability to offer new revenue-generating services to enterprises of any size, small or large. Service providers can provide a flexible range of advanced security services, including application control, intrusion prevention, anti-virus, web filtering, mobile security, industrial control and sandbox services.

The Versa Networks’ Cloud IP platform enables partners and customers to deliver managed SD-WAN and SD-Branch service offerings for the WAN Edge. Versa’s SD-WAN integrates networking with full contextual policy management, analytics and infrastructure automation in a single software platform that can be deployed as a uCPE, bare metal or virtual, on-premises or in the cloud.

“Amdocs and its Open Network ecosystem partners, Fortinet and Versa Networks, are transforming service providers from the proprietary hardware networks of today to open software-centric networks that leverage cloud and IT technologies,” said Angela Logothetis, CTO of Amdocs Open Network. “Our SD-WAN solution reduces the time and risk of launching SD-WAN services, and delivers agility, automation and scale in SD-WAN operations, ensuring faster time-to-market, quick monetization, and differentiated customer experience.

Together, Amdocs, Fortinet, and Versa Networks enable service providers to enhance their competitive positioning by transforming the business WAN-edge with software-defined networking, advanced security services and end-to-end orchestration, offering scalability and flexibility through managed SD-WAN and value-added services. The solution embraces Amdocs’ microservices architecture and is delivered under best practices such as DevOps and CI/CD for faster and continual enhancements of the services.”

“As service providers look to transform their networks to satisfy evolving customer requirements and demand, they’ve also come to expect their vendors to deliver flexibility and to seamlessly work with best-of-breed solutions,” said John Maddison, SVP of products and solutions at Fortinet. “The Fortinet Security Fabric’s open ecosystem and ease of integration with complementary technologies and services helps meet the most demanding customer requirements while providing better security and lower total cost of ownership. We’re pleased to work closely with Amdocs as a Fabric-Ready Partner to offer our joint customers the option to leverage Fortinet’s broad portfolio of advanced security and networking solutions, including Fortinet SD-WAN.”

“Refreshing the legacy WAN router estate at scale requires a seamless, automated platform for accelerating multiple deployments of a managed SD-WAN service, while lowering the total cost of ownership, simplifying implementation and enabling enterprise WAN-edge transformation,” said Atchison Frazer, Chief Marketing Officer for Versa Networks. “Our partnership with Amdocs delivers these benefits and more by enabling our service provider partners to provision on the fly, from one console, the full stack of Versa VNF services spanning cloud connectivity to network security to SD-WAN.”

Visit Amdocs stand #A10+A13, at SDN-NFV World Congress 2018, The Hague, Netherlands, from October 8-12.

MEF18 attracts support from 125+ sponsors & partners

Los Angeles, 4 October 2018 – MEF is pleased to announce a record level of industry support for the MEF18 global networking event that will be held 29 October – 2 November 2018 at the JW Marriott LA LIVE Hotel in Los Angeles, California.

More than 125 supporting companies and organizations are lined up thus far, including 62 service provider and technology-related sponsors and 66 enterprise, service provider, media, analyst firm, and other partners. The event has a target audience of more than 1,000 attendees from 275+ companies and 35+ countries.

“MEF18 is the must-attend networking event for executives and other senior professionals focused on accelerating worldwide adoption of assured services across automated networks,” said Kevin Vachon, COO, MEF. “We are absolutely delighted by the extraordinary support for this year’s show. Educational sessions, keynotes, Proof of Concept demonstrations, and more will showcase industry progress in defining, delivering, and certifying emerging MEF 3.0 services that provide unprecedented user- and application-directed control over network resources and service capabilities.”

Register here for MEF18. Qualified business, government, and other service end-users are eligible to attend the event for free.

MEF18’s current list of 62 sponsors includes leading service providers, technology solutions providers, and software services, network consulting, testing, and training companies.

Platinum Sponsors: AT&TComcast BusinessDeutsche TelekomPCCW GlobalSpectrum EnterpriseVerizon, and Ciena.

Gold Sponsors: Orange Business Services, AmdocsEricsson, FujitsuInfovistaRADSilver Peak, and Spirent.

Silver Sponsors: CenturyLinkEquinixPLDTSES NetworksSparkleAccedianCoriantECIEXFOFortinetIntrawayIometrixJuniperNEC/NetcrackerNokia, and Telco Systems.

Bronze Sponsors: AllstreamColt Technology ServicesTata CommunicationsTelefónica,  albis-elconAmartusCanoga PerkinsCDGCentec NetworksCriterion NetworksDatavision,DGIT SystemsEkinopsInfineraInmanta NVNeustarNi2NoviFlowOmnitron SystemsSandvineSDN EssentialsVersa NetworksViavi Solutions and YumaWorks.

Activity Sponsors: EurofiberFibrenoireUfinetCataworxClear, and Zeetta Networks.

LSO Hackathon Sponsor: Local Backhaul Networks.

MEF18 enjoys the support of 66 guest enterprises, associated service providers, industry organizations, industry research firms, media companies, and other event partners.

Enterprises with Guest SpeakersAnschutz Entertainment Group (AEG)BloombergIntuitMcKinseyMicrosoft (Core Services Engineering & Operations), and Refinitiv (former Financial and Risk business unit of Thomson Reuters).

Associated Service ProvidersBringComCBCcomIsocelLiquid TelecomSimbaNetSingtelTELUSVodafone, and Zayo.

Participating OrganizationsMEF and TM Forum.

Media and Analyst Relations PartnerWitz Communications.

Participating Analyst FirmsACG ResearchAnalysys MasonATLANTIC-ACMBattle Green ResearchBroadband Success PartnersDell’Oro GroupFrost & SullivanFuturiomGlobalDataHeavy ReadingIHS MarkitMetanoiaOvumTeleGeography and Vertical Systems Group.

Media PartnersLight ReadingCapacityWAN SummitConverge! Network DigestTelecom ReviewCarrier Ethernet Linked-InCIO ReviewDiario TIFierceTelecomMind CommerceNetzpalaverNetzwerker,NewsBytesPipelineSDxCentralTelecom RamblingsTelecom ResellerTelecom TimesTelecomDriveTelecompaperTelecompetitorTeleSemanaTyN Magazine, and Vanilla+.

MEF Certified Professionals Training Partner:  Perpetual Solutions.

Versa driving trend toward secure multi-Cloud/SD-WAN Services: Futuriom

NetEvents EMEA, Portugal, 02 October, 2018 — Versa Networks – the innovator of a next-generation software platform that integrates cloud, networking and security services – is highlighted as a key market driver for its Secure Cloud IP architecture by analyst Futuriom with the launch of its new report Networking the Secure IP Cloud – Trends Driving the Cloud at NetEvents EMEA, in Portugal. Versa Networks has also recently been recognised by NSS Labs, the globally trusted source for independent fact-based cybersecurity guidance, as the only pure-play SD-WAN vendor to achieve a 100% evaluation for security in the first ever NSS Labs group test for SD-WAN. Versa has been awarded a ‘Recommended’ rating in the NSS Labs Next Generation Firewall (NGFW) Group Test.

Cloud, SD-WAN and security are in the midst of an evolution that is quickly growing in importance and will eventually dominate the WAN-edge architecture. The new report by R. Scott Raynovich, Futuriom, makes the important point that: “Cloud networks have entirely different requirements from client/server networks. They need to connect a variety of physical and virtual endpoints, including branches, private data centers, and the Internet.”

R. Scott Raynovich also says: “Advances in commercial silicon and virtualization mean it’s possible to use advanced software to manage networks on a virtual, software-driven platform. These networks can connect internally in data centers, or they can be used to connect the edge of an organization to partners, branches, the cloud an private data centers, using advances in software-defined wide-area-network (SD-WAN) technology.”

The move to a multi-cloud environment is likely to be a long, slow process, even though it’s inevitable. Research from Maverick Research recently indicated that 83 percent of U.S. CIOs estimated more than half of their transactions would be conducted on a cloud infrastructure by 2020. And 79 percent of the respondents predicted that more than half of their transactions would be completed on applications leased using a SaaS platform by 2020.

Versa’s technology is enabled by the Secure Cloud IP architecture – a cloud-native multi-service, multi-tenant software platform that delivers elastic scale, segmentation, programmability and automation. Versa Secure Cloud IP integrates cloud networking, SD-WAN, wireless and mobile connectivity, transport line conditioning and software-defined security services (NGFW/UTM) in a flexible, versatile software stack that displaces multiple legacy branch-office hardware devices.

“Applying Versa’s platform architecture to multi-cloud, enterprise edge and managed security environments results in the ability to deploy software-defined branches with fewer hardware devices and streamline operations (policy and enforcement),” said Atchison Frazer, worldwide head of marketing, Versa Networks. “The new report from Futuriom launched today, building upon the NSS Labs 100% next-gen firewall, evaluation for SD-WAN security confirms our ability to deliver high security effectiveness and performance.”

Converge ICT underpins Ethernet capabilities with MEF CE 2.0 Certification

Converge ICT (CICT) Solutions, the leading provider of pure fiber internet solutions in the Philippines, today announced it has further strengthened its Carrier Ethernet services capabilities with successful completion of MEF CE 2.0 Certification. The certification augments the company’s core solutions competencies.

The rigorous CE 2.0 testing included certification of E-Line EPL/EVPL, E-Access EPL/EVPL, and E-LAN/EP-LAN service configurations, and was performed across CICT’s deployed metro core and regional transport infrastructure leveraging the Coriant® 7090 Packet Transport Platform and Coriant Transcend™ Chorus network management solution.

“This important milestone reinforces our ability to meet our customers’ stringent performance requirements with a portfolio of best-in-class Ethernet services,” said Jesus Romero, Chief Operating Officer, Converge ICT Solutions. “Our advanced Carrier Ethernet capabilities also provide the reliable foundation for enhanced service interoperability and interconnection leveraging standards-based CE 2.0 interworking.”

Currently in the midst of a massive nationwide fiber network rollout, CICT has taken a holistic approach to the company’s expansion efforts. As a result, CICT’s strategy includes ensuring that its portfolio of product offerings is fully reinforced to better serve its target markets and customers. That is the primary reason behind its engagement with industry-leading packet optical transport provider Coriant, who provided support during the certification process.

The MEF CE 2.0 Services Certification Program enables service providers to certify that their connectivity services comply with the relevant MEF specifications. The program has been a driving force behind the successful deployment of Carrier Ethernet services worldwide. The Converge CE 2.0 services certification testing was administered by MEF’s approved third-party testing entity Iometrix, and was conducted in July.

Nan Chen, President of MEF said, “MEF congratulates Converge upon the successful completion of the rigorous testing associated with MEF CE 2.0 services certification, our widely recognized standard of excellence for service performance in the global marketplace. This achievement demonstrates the company’s commitment to developing and delivering innovative Ethernet services that meet demanding application requirements.” 

The CICT nationwide deployment of the Coriant® 7090 Packet Transport Platform spans over 450 sites and enables Converge to better serve the broadband, wholesale, and cloud connectivity needs of its small, medium, and large enterprise customers. 

“We are pleased to be a trusted partner to Converge ICT and were excited to have the opportunity to provide configuration support during the company’s recent MEF certification testing,” said Alfred Ling, Managing Director, North Asia & Oceania, Coriant. “Our CE 2.0-capable transport solutions are purpose-built for the fast, efficient, and reliable introduction of carrier-grade Ethernet connectivity, which enables service providers like Converge to differentiate their end-to-end service offerings.”

Macquarie Telecom Group notes 4th successive year of solid profit

[the_ad_placement id=”in-content”]Macquarie Telecom Group has announced its results for the full year ended 30 June 2018 in line with updated guidance and declared a final dividend of 25cps, fully franked.

Chairman Peter James said, “Consistent execution of our strategy has delivered four years of consecutive growth. We will continue to invest to benefit from the megatrends of cloud and cyber security.”

KEY POINTS 

  • Full year revenue was up 6% to $233.1 million for FY2018 compared to $219.7 million for the previous corresponding period.
  • Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $47.8 million for FY2018, an increase of $7.5 million or 19.0% on the previous corresponding period and in line with upgraded guidance.
  • Cash flow from Operating Activities of $42.9 million. The company is debt free and has a closing cash balance of $30.3 million as at 30 June 2018.
  • Net profit after tax was up 20% to $17.0 million compared to a profit of $14.2 million for the previous corresponding period.
  • Capital expenditure for FY2018 was $33.8 million (FY17: $38.5 million) driven by growth Capex of $11.5m for: The Fortune 100 Customer; Government Cloud, Data Hall 4 fit out; SD WAN investment and Telecom NOC insourcing project. In addition, customer related Capex was $11.0m and maintenance Capex $11.3m.
  • Final dividend declared of 25 cps, fully franked which brings the Company to a full year dividend of 50 cps.

Chief Executive David Tudehope said “Macquarie’s profitable growth has enabled us to invest across our business units. Our confidence in the continued growth in demand for Cloud underpins our decision to invest $75-80m in the Macquarie Park Data Centre Campus.” 

PRIORITIES IN FISCAL YEAR 2019

  • Focusing on customer experience to ensure a leading Net Promoter Score.
  • Leveraging the 42% of the Australian Government who have contracted with Macquarie Government, the Government team will be focused on growing revenue in both cyber security and Secure Cloud computing. Our Cloud computing offering is certified by the Australian Signals Directorate.
  • Telecom will continue to invest in new data networking technology (SD WAN) and will achieve a full year benefit from the insourcing of the NOC in FY19.
  • Hosting has delivered Stage 2 of the Fortune 100 customer at Intellicentre 2, with full revenue earning capacity in FY19.
  • OUTLOOK

    The Company announced the expansion of its existing Macquarie Park Intellicentre to a 43MW Campus. The Campus is designed to meet the growing needs of global hyperscalers and cloud, enterprise and Government customers.The Company’s EBITDA will continue to grow in FY19, however the 1H FY19 will be flat compared to 2H FY18 due to one-off or abnormal items received in June 2018 and further investment in sales growth.

  • The Company expects that the initial capital expenditure on the Intellicentre 3 East (IC3 East) Data Centre will be approximately $75-80 million, the bulk of which will be incurred across calendar year 2019.  This capex will be partially offset by a fee from Keppel DC REIT to the value of $26-36m for the development of IC3 East core and building shell.
  •  The services offered under this six year agreement will include dedicated, Australian based nbn™ service delivery, assurance and support staff for Macquarie customers.
  • It is expected that the first customers to be connected to the new services will commence billing in Q2 of the 2019 financial year.
  • The existing Fortune 100 customer has contracted for an additional 1.4MW of capacity to be provided over the remainder of the initial contract term. The Company will invest approximately $8.4 million in data centre mechanical, electrical and plant over the next eight months to expand its capacity to meet this demand. The additional capacity is expected to be ready for service in Q4 FY19.The Company announced that it has entered into a wholesale supply agreement with NBN Co. The deal will enable the provision of telecommunications and data services to Australia’s business community.
  • The Company will enter a 20 year lease with Keppel including options to renew. This data centre development will be funded by structured debt financing due to be finalised in Q1 FY19.
  • Continued demand from our Federal Government Agencies for secure Cloud, including from Tier 1 Agencies like ATO, gives great confidence for future growth in the Government Business. Accordingly, there will be further investment in expansion in Canberra and our Cloud platform, with an increase in Opex of around $1.5m.

Nutanix reports Fourth Quarter and fiscal 2018 financial results

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SYDNEY, Australia – Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for its fourth quarter and fiscal year ended July 31, 2018.

Fourth Quarter Fiscal 2018 Financial Highlights

  • Revenue: $303.7 million (at 77.7% non-GAAP gross margin), up from $252.5 million (at 62.6% non-GAAP gross margin) in the fourth quarter of fiscal 2017, reflecting the elimination of approximately $95 million in pass-through hardware revenue in the quarter as the company continues to execute its shift toward increasing software revenue1
  • Software and Support Revenue: $267.9 million, growing 49% year-over-year from $179.6 million in the fourth quarter of fiscal 2017
  • Billings: $395.1 million, growing 37% year-over-year from $289.2 million in the fourth quarter of fiscal 2017
  • Software and Support Billings: $359.2 million, growing 66% year-over-year from $216.3 million in the fourth quarter of fiscal 2017
  • Gross Margin: GAAP gross margin of 75.9%, up from 61.4% in the fourth quarter of fiscal 2017; Non-GAAP gross margin of 77.7%, up from 62.6% in the fourth quarter of fiscal 2017
  • Net Loss: GAAP net loss of $87.4 million, compared to a GAAP net loss of $66.1 million in the fourth quarter of fiscal 2017; Non-GAAP net loss of $19.0 million, compared to a non-GAAP net loss of $26.0 million in the fourth quarter of fiscal 2017
  • Net Loss Per Share: GAAP net loss per share of $0.51, compared to a GAAP net loss per share of $0.43 in the fourth quarter of fiscal 2017; Non-GAAP net loss per share of $0.11, compared to a non-GAAP net loss per share of $0.17 in the fourth quarter of fiscal 2017
  • Cash and Short-term Investments: $934.3 million, up 168% from the fourth quarter of fiscal 2017
  • Deferred Revenue: $631.2 million, up 71% from the fourth quarter of fiscal 2017
  • Operating Cash Flow: $22.7 million, compared to $5.9 million in the fourth quarter of fiscal 2017
  • Free Cash Flow: $6.5 million, compared to negative free cash flow of $6.5 million in the fourth quarter of fiscal 2017

Fiscal Year 2018 Financial Highlights

  • Revenue: $1.16 billion (at 68.1% non-GAAP gross margin), up from $845.9 million (at 63.1% non-GAAP gross margin) in fiscal 2017, reflecting the elimination of approximately $169 million in pass-through hardware revenue in fiscal 2018 as the company continues to execute its shift toward increasing software revenue1
  • Software and Support Revenue: $898.1 million, growing 47% year-over-year from $609.6 million in fiscal 2017
  • Billings: $1.42 billion, growing 43% year-over-year from $990.5 million in fiscal 2017
  • Software and Support Billings: $1.16 billion, growing 54% year-over-year from $754.2 million in fiscal 2017
  • Gross Margin: GAAP gross margin of 66.6%, up from 61.3% in fiscal 2017; Non-GAAP gross margin of 68.1%, up from 63.1% in fiscal 2017
  • Net Loss: GAAP net loss of $297.2 million, compared to a GAAP net loss of $379.6 million in fiscal 2017; Non-GAAP net loss of $101.5 million, compared to a non-GAAP net loss of $120.7 million in fiscal 2017
  • Net Loss Per Share: GAAP net loss per share of $1.81, compared to a GAAP net loss per share of $2.96 in fiscal 2017; Non-GAAP net loss per share of $0.62, compared to a pro forma non-GAAP net loss per share of $0.85 in fiscal 2017
  • Operating Cash Flow: $92.6 million, compared to $13.8 million in fiscal 2017
  • Free Cash Flow: $30.2 million, compared to negative free cash flow of $36.4 million in fiscal 2017

Reconciliations between GAAP and non-GAAP financial measures and key performance measures are provided in the tables of this press release.

“We ended the year on a high note with a record quarter on many fronts, positioning us extremely well for the future. We will continue to invest in talent and hybrid cloud technology while incubating strategic multi-cloud investments such as Netsil, Beam, and now Frame,” said Dheeraj Pandey, Chairman, Founder and CEO of Nutanix. “Frame increases our addressable market, brings another service to our growing platform, and adds employees with insurgent mindsets who will help us continue to challenge the status quo.”

“The company’s strong achievement of 78 per cent non-GAAP gross margin, the best in our history, is the direct result of our successful execution toward a software-defined business model,” said Duston Williams, CFO of Nutanix. “We’re also tracking above our target performance we set using the ‘Rule of 40’ framework, demonstrating our ability to balance growth and cash flow.”

Recent Company Highlights

  • Completed the Acquisition of Frame: Acquired Frame, a leader in cloud-based Windows desktop and application delivery, increasing the company’s addressable market. IDC estimates that the desktops-as-a-service (DaaS) software market is forecast to grow to $3 billion in 2021 at a compound annual growth rate of 32%.2 With the addition of Frame, Nutanix customers will be able to deliver desktops-as-a-service from multiple clouds, combining the consumer-grade simplicity and web-scale design of cloud applications with the functionality of traditional virtual desktop applications.
  • Achieved Milestone of $1 Billion+ in Annual Revenue in Less Than a Decade from Inception: Grew fiscal 2018 revenue to $1.16 billion, excluding $169 million in pass-through hardware revenue eliminated, crossing the $1 billion milestone.
  • Expanded Customer Base Hitting Milestone 10,000+ Customers and Signed Largest Deal in History: Nutanix ended the fourth quarter of fiscal 2018 with 10,6103 end-customers, adding 1,000 new end-customers in the quarter. Notably, the company passed an important milestone, adding its 10,000th customer during the quarter. The company also expanded an existing customer engagement by closing a deal greater than $20 million in the quarter, the largest in Nutanix history.
  • Successfully Continued Transition to a Software-Defined Business Model: Grew software and support billings by 66 per cent year-over-year in the fourth quarter. Pass-through hardware billings decreased to 9 per cent of total billings in the quarter, down from 25 per cent in the fourth quarter of fiscal 2017.
  • Launched 12 Culture Principles Representative of Company Values: Codified the company’s corporate values with the articulation and launch of 12 culture principles. These principles serve as the foundation for how Nutanix employees work with each other, with partners, and with customers.
  • Added Two New Executives in Key Functions: Prabha Krishna joined Nutanix as the SVP of People and Places, and is responsible for the HR and facilities teams worldwide. In addition, Ben Ravani joined as the SVP of Xi Reliability Engineering to oversee building and operating Xi Cloud Services as well as serve as the General Manager of the Nutanix Seattle site.
  • Introduced New Velocity Program for Scaling Growth in the Mid-Market: The company launched its Velocity channel program in June, aimed at accelerating the selling processes, incentives, and marketing investments for strategic, mid-market focused channel partners. The program provides a frictionless experience for channel partners, giving them more leverage to grow their business.
  • Expanded its Global Workforce: Nutanix has rapidly increased and evolved its operations in India over the past five years and recently ranked second on “India’s Great Mid-Size Workplaces 2018” list. Additionally, the company continues to increase its headcount in Bangalore, Belgrade and Berlin as it further disrupts traditional enterprise IT incumbents with an increasingly global workforce.
  • Certified as the First Hyperconvergence-Based Solution for SAP HANA®: In August, the company received certification from SAP for its AHV hypervisor and Enterprise Cloud OS platform as the first Hyperconverged Infrastructure (HCI) solution to pass SAP’s stringent criteria for running production SAP HANA® deployments. With this milestone achievement, customers combine the cost and operational benefits of modernised IT infrastructure with the scale and performance required for SAP HANA. For Nutanix, this presents a significant opportunity to broaden penetration in Global 2000 accounts.

Q1 Fiscal 2019 Financial Outlook

For the first quarter of fiscal 2019, Nutanix expects:

  • Revenue between $295 and $310 million, implying software and support revenue growth of approximately 40-45% YoY;
  • Billings between $370 and $390 million, implying software and support billings growth of 50-55% YoY;
  • Bill-to-revenue ratio of approximately 1.26x;
  • Non-GAAP gross margin between 78% and 79%;
  • Non-GAAP operating expenses between $280 and $290 million;
  • Non-GAAP loss per share between $0.26 and $0.28, using approximately 176 million weighted shares outstanding

First quarter guidance reflects a faster removal of pass-through hardware than originally anticipated, accelerating the reduction of zero margin billings and revenue with the benefit of improved gross margins. Additionally, the Q1 expected bill-to-revenue ratio of 1.26x is higher than street consensus of 1.21x, implying an approximate $12 million in deferred revenue that would have otherwise been in revenue and gross profit.

MEF doubles Proof of Concept showcase at MEF18 event

PRESS RELEASELos Angeles, 15 August 2018 – MEF is pleased to announce that more than 50 service providers and technology solution providers will participate in 20 interactive Proof of Concept (PoC) Showcase demonstrations at the MEF18 global networking event, 29 October – 2 November 2018.

The showcase will reveal the real-world value and applications behind the MEF 3.0 framework that is defining how assured communication services can be orchestrated across a global ecosystem of automated networks.

The PoC Showcase will take place in the MEF18 Networking Hall at the JW Marriott LA LIVE, in Los Angeles, California, and will focus on four main areas of MEF 3.0 services of interest to enterprises, service providers, and technology vendors:

· Automated multi-domain, multi-technology service fulfilment and activation

· SD-WAN

· Service assurance

· Automated commercial interactions

· Universal CPEs

“MEF18 Proof of Concept demonstrations are crucial to accelerating the development and worldwide adoption of assured services orchestrated across automated networks with MEF 3.0,” said Pascal Menezes, CTO, MEF. “We are delighted by the tremendous support of leading service and technology solutions providers who are participating in this year’s PoC Showcase. The fact that we have more than double the number of participants compared to last year’s popular showcase illustrates the strategic importance of MEF 3.0 in driving industry innovation.”

A list of PoC participant groups and preliminary titles of their demonstrations can be found on the PoC Showcase page. A final PoC list will be available in September 2018.

MEF18 attendees can look forward to seeing a wide range of topics covered in this year’s PoC Showcase, including:

· Standardized inter-carrier and intra-carrier LSO APIs for all aspects of the service lifecycle

· Orchestrated, virtualized Ethernet services using ONAP, DANOS, and white boxes

· Distributed catalogues

· Smart contracts for data-on-demand services

· Distributed ledgers and blockchain for ordering and billing/settlement

· Multi-layer optical/Ethernet services

· Machine learning for service assurance

· Intent-based networking

· 5G and network slicing

· Augmented reality use cases in multi-operator domain environments

· Self-optimizing networks

· Dynamic QoS for changing application demands

· Multi-vendor SD-WAN implementations using LSO

· Secure SD-WAN

· LSO Presto orchestration of uCPEs for feature and service enhancement

About MEF18

MEF18 focuses on enabling agile, assured, and orchestrated communications services for the digital economy. MEF18 is on pace to be bigger and better than last year’s popular MEF17 event, with a target audience of 1,000+ attendees from 275+ companies and 35+ countries; 250+ service and technology executives; 120 expert speakers, 115+ sponsors and partners; and more.

MEF18’s content, networking, and special activities are designed to appeal to executives and other senior experts from communication and cloud service providers; enterprises; government organizations; network technology suppliers; systems integrators, open source projects, standards organizations; industry and financial analysts; investors; the press; and others.

MEF18’s program will build upon popular elements of last year’s event while introducing several new activities. Elements include: world-class plenaries and sessions with service, technology, and enterprise expert speakers; MEF Workshops; the WAN Exchange (brought by WAN Summit); PoC demonstrations; MEF 3.0 implementation demonstrations; a vibrant Networking Hall; MEF Awards Dinner; Global Media Hub; LSO Hackathon; and on-site MEF professional certification exam preparation courses. This year, the 4Q18 MEF Members Meeting will be collocated with MEF18. For more information: http://www.MEF18event.com

Early Bird Registration Expires 31 August

Register now to save $100 on MEF18 registration though 31 August 2018. Qualified enterprise, government, press, and industry analyst professionals attend for free.

2018 MEF Awards Submission Deadline – 7 September

The 2018 MEF Awards program is open for entries until 7 September 2018. The program recognizes service, application, technology, and professional excellence and innovation. To view the full listing of 44 award options and to submit an entry, visit the awards’ website.

Sponsorship Opportunities

For sponsorship information, please visit the MEF18 Sponsor Price List and Sponsorships and Benefits pages or email Alysia Bennett at alysia@mef.net.

About MEF

An industry association of 200+ member companies, MEF recently introduced the MEF 3.0 transformational global services framework for defining, delivering, and certifying assured services orchestrated across a global ecosystem of automated networks. MEF 3.0 services are designed to provide an on-demand, cloud-centric experience with user- and application-directed control over network resources and service capabilities. MEF 3.0 services are delivered over automated, virtualized, and interconnected networks powered by LSO, SDN, and NFV. MEF produces service specifications, LSO frameworks, open LSO APIs, software-driven reference implementations, and certification programs. MEF 3.0 work will enable automated delivery of standardized Carrier Ethernet, Optical Transport, IP, SD-WAN, and Layer 4-7 services across multiple provider networks. For more information: https://www.mef.net.