Thanks for visiting Fibre Systems.

You're trying to access an editorial feature that is only available to logged in, registered users of Fibre Systems. Registering is completely free, so why not sign up with us?

By registering, as well as being able to browse all content on the site without further interruption, you'll also have the option to receive our magazine (multiple times a year) and our email newsletters.

PacketFabric secures investment to advance global business

Share this on social media:

PacketFabric has secured a $75 million joint venture investment from Digital Alpha Advisors.

The funding is designed to help the service provider advance its network offering, enabling the development and scale of its technology across the U.S. and globally.

It will also offer new partnership opportunities with Cisco, such as evolving to a more flexible and scalable Segment Routing (SR-MPLS) architecture and enabling agile provisioning and management for reliable multi-cloud on-ramp services through the company’s globally distributed network.

With the investment, Digital Alpha will be a controlling investor and has appointed Partners Rick Shrotri and Vasa Babic to the board. Alliant Partners acted as the exclusive financial advisor to PacketFabric for the transaction.

Patrick Soon-Shiong, chairman and CEO of parent company, Nantworks said: ‘We’re confident the partnership with Digital Alpha and Cisco can further accelerate PacketFabric to become a market leader that redefines agile connectivity for customers around the world.’

Digital Alpha managing partner Rick Shrotri added: ‘The PacketFabric customers we spoke with recognised seamless provisioning, customisation, competitive pricing, and ease of ownership compared to traditional telecommunications services as key advantages. There’s tremendous potential for new service creation so we’re thrilled to partner with the PacketFabric team to build on the business’ already strong foundation.’

Jonathan Davidson, senior vice president and general manager of Cisco’s service provider business said: ‘PacketFabric is a modern-day telco that provides fully automated WAN connectivity for agile network services that are provisioned on-demand in a cloud-like model. They’re using innovative SR-MPLS on top of Cisco's market leading NCS 5500 product portfolio. We're very happy to have them as a partner.’

Related news

Recent News

11 December 2019

Bournemouth, Christchurch and Poole (BCP) Council has selected network service provider, MLL Telecom to overhaul and consolidate its existing network infrastructures.

06 December 2019

American fibre infrastructure provider, FiberLight has completed a deployment of dark fibre in Roswell, Georgia.

03 December 2019

Lumentum has entered into an agreement with passive optical component supplier, Advanced Fiber Resources (AFR) where the latter will acquire certain assets from the former.

03 December 2019

Fibre Systems is looking for manufacturers/vendors, planners, installers, integrators, operators and academics to help shape the topics we cover.