Mountain View, California (PRWEB) August 19, 2014
ConteXtream Inc., a leading provider of carrier-grade network virtualization solutions, announced today that it has been nominated for a 2014 SPIFFY Award by the Telecom Council of Silicon Valley. ConteXtream is one of five finalists for the Prodigy Award for the Most Successful SPiF Alumni. This award is given to the pre-2013 SPIF presenting company that went on to achieve the most notable growth, market success or exit over the last year. Companies nominated in the 2014 SPIFFY Awards include Cisco, Ericsson Silicon Valley, Juniper, Nokia and Intel Capital, among others.
The SPIFFY Awards recognize the “best of the best” in the telecommunications industry in Silicon Valley, as judged by the Telecom Council’s Service Provider Forum members. SPIFFY award nominees are selected from more than 200 early-stage companies representing the broad range of telecom products and services who presented in Telecom Council meetings from June 2013 to May 2014. Award winners will be announced by members of Telecom Council’s Service Provider Forum in a public ceremony, on the first evening of the TC3 Conference on October 1. In addition to ConteXtream, other nominees for the Prodigy Award include Matrixx Software, Mavenir Systems, MobileIron and Vuzix.
“ConteXtream is a great example of the kind of innovative company with unique solutions, which our members have interest in. They approach a big need from a fresh angle, providing a unique value proposition to our telecommunications community,” says Liz Kerton, president of the Telecom Council. “At the SPIFFYs, we honor the best of the best, so we are proud to add ConteXtream to the list of successful communications solutions startups who have leveraged the Council to meet potential partners.”
ConteXtream’s ContexNet is a carrier-grade, distributed SDN fabric that leverages proven virtualization and grid technologies, enabling service providers to take the first step to achieving Network Functions Virtualization (NFV) as outlined by the European Telecommunications Standards Institute (ETSI). ContexNet enables operators to optimize their network through virtualization and effective utilization of resources while accelerating revenue growth through rapid introduction of new services or features. ContexNet runs on standard, off-the-shelf computing platforms, creating a distributed and scalable SDN domain, dynamically linking network functions and by steering the right traffic flows to the various network virtual functions. ContexNet is compliant with industry standard-based mechanisms such as OpenFlow, LISP and OpenStack which enable it to fully separate control from forwarding, location from identity, and orchestration from networking.
“We are honored to be recognized as a nominee in the 2014 SPIFFY Awards along with such revered industry names,” said Anshu Agarwal, vice president of marketing, ConteXtream. “This award nomination further validates our approach and ability to meet the needs of service providers seeking to make their networks programmable while improving the optimization and monetization capabilities of their network.”
A complete list of award nominees can been viewed on the Telecom Council of Silicon Valley’s website here: http://telecomcouncil.cvent.com/events/tc3-telecom-council-carrier-connections/custom-18-32bf7abe3de6480983013a5cce572b1a.aspx.
ConteXtream is a privately held software-defined-networking (SDN) company that enables carriers to deliver network capacity and functions in the same way cloud providers deliver applications effectively utilizing standard compute and storage. ConteXtream's SDN offering is carrier-grade and enables Network Function Virtualization (NFV) for various solutions deployed on carrier networks. Deployed by Tier-1 operators, ConteXtream's Carrier-SDN dynamically and elastically connects subscribers to services and enables carriers to leverage standard, low-cost server hardware and hypervisors to virtualize functions and services, while replacing costly purpose-built proprietary systems. Headquartered in Mountain View, Calif., ConteXtream is backed by Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures as well as Comcast Ventures and Verizon Investments. For additional information, visit http://www.contextream.com.