Arista Networks Plans For 2012 IPO
Online, May 6, 2011 (Newswire.com) - In an age of nanoseconds, and speed meaning everything in the digital world, any advantage in data transfer efficiency is a huge advantage over the competition. Arista Networks is a startup whos executive team resembles as close to the hall of fame of networking as one could imagine. They have some of the brightest minds in the industry and are developing some of the fastest hardware available. All 5 of the top executives spent significant portions of their careers at Cisco Systems, and they all now feel that they have moved on to bigger and better things.
The hardware that drives the internet and brings tweets instantly to our desktops, and market fluctuations to the screens of analysts and traders is currently produced predominantly by 2 major players; Cisco and Juniper Networks. Arista plans to beat both of them by delivering superior hardware that is faster and more efficient than anything that has been seen before. Their current products are about 4 times faster than anything that Cisco has to offer and twice as fast as the Juniper equivalent, and their energy consumption is between one quarter to one twentieth of the Cisco and Juniper products.
Arista's first customer was a testament to its offering of speed. Lehman brothers implemented their technology in order to give their financial traders and software a slight edge over the competition in 2008, and Arista has since added more than 700 customers. Those currently implementing the technology include search engines like Google, social networking sites, cloud computing, online retail, and large data centers. The company's collaboration with VMWare could revolutionize the efficiency of data centers.
Founders Bechtolsheim and Cheriton funded themselves with $100 million in startup capital, so the company has not been diluted nor has it been influenced by venture capital money. They are visionary thinkers, running a visionary company that is the first in its sector to inter the scene in the internet age as we know it. Their attitude and passion for the products that they make will surely make them a success.
It is rumored that Arista will go public sometime next year, but according to CEO Jayshree Ullal, "the model here is engineering first - you have to be ten times better to beat the competition. Venture capitalists need a five-year payout, and couldn't wait as long as this took." Well they didn't need the venture capitalists, and it seems that they are ready. With successful products already in the market that handedly beat the competition, it will soon be time to scale up their production capabilities, and they will need significant funding to pull that off. An IPO is imminent; it is now only a question of when.
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