Algoblu Announces Network Element Virtualization Platform
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Company announces industry’s first technology that virtualizes underlying network resources with guaranteed SLAs and increased network security for both telecom companies and enterprises
OTTAWA, Ontario--(BUSINESS WIRE)-- Algoblu announced today its Network Element Virtualization (NEV) platform that virtualizes and orchestrates underlying network resources to help carriers offer more application-oriented customized services to both commercial and residential customers. Thanks to the new FPGA-based technology, the cost per bit decreases by more than four times and operation efficiency increases three times.
Benefits include improved bandwidth efficiency and network security, multi-cloud access, simplified network provisioning and troubleshooting. Targeted customers are in cloud gaming, 4k/8K streaming, video conferencing, industrial IoT and other industries that require guaranteed network SLAs.
“We are pleased to collaborate with Algoblu to develop a Network Element Virtualization chip built on leading-edge FPGA technology. The chip is key to Algoblu's NEV architecture with an FPGA-based SMartNIC, all developed in an elegant way,” says Dr. Endric Schubert, CTO at Missing Link Electronics.
“Algoblu’s Network Element Virtualization technology allows carriers to provide services across complex networks and, more than this, offer different classes of network services in a simple way, customized for our customers’ needs and their applications' requirements,” said Jordan Deng, founder and CEO of CIK Telecom, the third largest independent service provider in Canada.
“Most vendors focus on managing existing network resources. We virtualize and orchestrate underlying network resources, which is a different approach that benefits telecom companies directly,” said Lawrence Lee, founder and CEO of Algoblu. “We know how challenging it is for telcos to provide services across multi-vendor networks. With NEV, they can virtualize existing network infrastructures to be one, providing personalized multi-tier services with different encryption, bandwidth and latency, as well as guaranteed SLAs.”
Since its inception in 2012, Algoblu’s mission was to build a flexible, programmable network that focuses on virtualizing network resources to achieve increased flexibility and scalability for telecom companies and enterprise customers. Algoblu's existing corporate users span financial, insurance, retail, telecom operators, gaming, smart transportation, e-commerce, education, sports, manufacturing and many other industries, including a number of the world's top 500 companies. To find out more, go to https://www.algoblu.com.
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