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Riverbed acquires Wi-Fi Networks provider Xirrus

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Riverbed Technology  announced the signing of a definitive agreement to acquire Xirrus, the leading provider of next generation Wi-Fi networks. The acquisition of the privately-held company will expand Riverbed’s market leading SD-WAN (software-defined wide area network) and cloud networking solution Riverbed SteelConnect with the integration of a robust and proven suite of advanced, high density and cloud-managed Wi-Fi solutions, offering Riverbed customers and partners the power of unified connectivity and policy-based orchestration that spans the entire distributed network – WAN, LAN/WLAN, data center and the cloud. Riverbed will also continue to offer Xirrus as a stand-alone enterprise WLAN solution.

“Xirrus is a strategic acquisition for Riverbed, providing us with a leading enterprise-grade Wi-Fi solution, and enhancing SteelConnect to deliver an unmatched SD-WAN offering that will help further fuel our growth in this hot market,” said Jerry M. Kennelly, Riverbed Chairman and Chief Executive Officer. “In today’s digital, cloud, and mobile world, enterprise networks are more complex and unpredictable than ever before and IT is struggling to manage all of this. A fundamental rethink to networking is required and with this acquisition, Riverbed and our partners are uniquely positioned to provide CIOs and businesses with a software-defined networking approach that delivers unified connectivity and orchestration across the entire network.”

Riverbed SteelConnect is a highly differentiated SD-WAN solution offering: unparalleled simplicity and improved agility with centralized and unified management spanning the entire network fabric with policy-based orchestration and one-click connectivity to Amazon Web Services (AWS) and Microsoft Azure; superior performance with integrated WAN optimization and visibility; network and application intelligence with business intent-based policies and user experience driven control. By adding Xirrus, the power of policy-based orchestration by SteelConnect will be further extended to the wireless edge.

“Legacy approaches to network management have become completely untenable. IT must move beyond the days of managing individual network devices using arcane CLI commands and scripts and instead move to software-defined approaches that are based on global policies, automation and orchestration,” said Paul O’Farrell, Senior Vice President of the Riverbed SteelConnect, SteelHead and SteelFusion Business Unit. “The SteelConnect offering is unique in that it is the first SD-WAN solution that has extended the power of policy-based orchestration out to the broader reaches of the distributed network. By combining the advanced Wi-Fi capabilities of Xirrus and SteelConnect’s intuitive and powerful orchestration, we’re taking a bold step to bring the power of policy-based network management out to the wireless edge.”

Xirrus’ proven technology performs under the most demanding circumstances, offering consistent “wired-like” performance with superior coverage and security. The Xirrus suite of Wi-Fi solutions – high density access points, access points and cloud services – provide seamless connectivity and unified management across the network. Xirrus is recognized by Gartner in the “Visionaries” quadrant of the Magic Quadrant for the most recent Wired and Wireless LAN Access Infrastructure report. With solutions deployed on tens of thousands of networks and hundreds of thousands of cloud instances, Xirrus customers include some of the best known global companies and recognized brand names, including Microsoft, University of Mississippi, Liverpool Football Club and Paul Hastings Law Firm.

“Together with Riverbed, we embrace a tremendous opportunity to create the world’s first SD-WAN solution that covers the core to the edge of the network,” said Shane Buckley, CEO of Xirrus. “The integration of our solutions combines best-of-breed federated identity and application control with differentiated SD-WAN technology, addressing the stringent requirements of today’s cloud, mobile and digital world. We are thrilled to be part of the Riverbed family and continue to thrive in this fast-growing, critical market.”

“A key facet of network transformation is convergence at the enterprise branch as IT/network managers look to unify network operations and management across wired and wireless LANs and WANs, all within the context of a cloud-enabled architecture,” said Rohit Mehra, Research Vice President, Network Infrastructure, IDC. “With this acquisition, Riverbed is well positioned to address this shift, adding an enterprise-grade WLAN solution to a broader enterprise branch offering with SD-WAN that also integrates industry-leading WAN optimization and visibility.”

Today’s news continues Riverbed’s SteelConnect momentum in the market the past year. In January 2016, Riverbed acquired Ocedo Networks, a leading SD-WAN provider to accelerate the delivery of Riverbed’s next-gen networking solutions, and launched SteelConnect as an early access offering in April 2016, which included “one-click” connectivity to AWS. In September 2016, Riverbed announced general availability of SteelConnect 2.0 with many new features, including integrated visibility with Riverbed SteelCentral.

In early 2017, Riverbed added “one-click” secure connectivity to Microsoft Azure, integration with the market-leading WAN Optimization solution (Riverbed SteelHead SD), and a new offering for large-scale data center deployments; and in March 2017 Orange Business Services announced it will leverage SteelConnect to deliver a managed SD-WAN service. Today, Riverbed’s over 300 SD-WAN customers span across a wide range of industries globally, including retail, manufacturing, healthcare, professional services, finance, technology, and more.

Riverbed plans to offer Xirrus solutions through its robust partner ecosystem. The acquisition of Thousand Oaks, California-based Xirrus is expected to close in April 2017. Financial terms of the deal were not disclosed.

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THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

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Extraordinary Women

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

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Financial

Reem Finance signs with Network International to accelerate digital transformation

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Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

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Financial

Wio Bank Redefines SME Banking with New Embedded Finance

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Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.

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