Infrastructure-as-a-Service provider, Worldstream announced that its R&D and network development departments have in-house developed a Network Performance Management platform that features real-time and granular network performance analysis. The new technology aims at next-generation infrastructures with hybrid and on-demand IT use cases. The company also stated that if bought off-the-shelf, it would have cost them about 1,5 Million Euros a year in licensing costs.
1,5 Million Euros a year in licensing costs
Worldstream’s soon to launch software-defined Worldstream Elastic Network will add a decentralized network design with loads of planned functionality ‘at the edges’ on top of this high-bandwidth backbone. It will also give the company’s network management team real-time detailed and big-picture network insights for efficiency planning, troubleshooting, security management, traffic cost optimization, and the optimization of network utilization and performance. It also allows Worldstream to deploy self-service access for users to give them real-time network insights. Ivo Roomer, CEO, Worldstream said,
“Indeed, we’ve received interest from some of the largest players in the industry through our open source community contacts. We’re not sure about this option though yet. The in-house development of new technologies is an integral part of our business strategy. It allows us to provide and maintain a unique IaaS proposition – to solve real-world challenges for our worldwide client base. It’s only supportive though to our core IaaS proposition. On the other hand, we could definitely make a difference in this market for network visibility solutions. We will certainly consider this option and take it into account in our go-to-market strategy.”