ConteXtream to be Featured in CTIA WIRELESS® Innovation Showcase
Company to Demonstrate How Software-Defined Networking Enables Service Providers to Benefit from Cloud Economics and Efficiency Using Existing Network Infrastructure
PALO ALTO, Calif., May 3, 2012 /PRNewswire/ -- ConteXtream, Inc., a leading provider of cloud-scale network virtualization, today announced that it has been selected by the Telecom Council of Silicon Valley to demonstrate its products and services in the Innovation Showcase at CTIA WIRELESS®. ConteXtream will showcase its innovative Grid network virtualization software, designed to enable service providers take advantage of cloud economics while reducing overall time-to-market of new services and lowering equipment spending by up to 50 percent. The showcase will take place on May 9, 2012, at 1:00 p.m. Eastern Standard Time (EST) on the CTIA WIRELESS main stage show floor in New Orleans.
"CTIA WIRELESS is dedicated to highlighting technologies that meet the changing needs of service providers," said Joel Brand, Vice President of Marketing for ConteXtream. "Research has shown that nearly 80 percent of the network capacity being built is going unused. This is because service providers are building networks for peak utilization. Our Grid software delivers the promise of Software-Defined Networking for service providers by virtualizing a core network that expands and contracts as demand dictates, and drives down operational expenditures."
ConteXtream offers service providers a commercially available alternative to the costly practice of building additional physical networks to accommodate high traffic loads. The company's Grid Software, slated for demonstration at CTIA, is based on the principles of Software-Defined Networking (SDN). It enables service providers to transition from dedicated physical appliances to virtual appliances on commodity hardware. This transition will help open the door to on-demand network resource allocation reducing complexity and expediting the introduction of new applications.
The annual CTIA WIRELESS conference brings together industry players advanced by wireless technology. The event will be held May 8-10 at the Ernest N. Morial Convention Center in New Orleans. Additional information can be found at: www.ctiawireless.com.
ConteXtream's demonstration will take place at booth 4051-L in the Innovation Showcase Pavilion. For more information on the Telecom Council Innovation Showcase at CTIA WIRELESS 2012, please visit http://telecomcouncil.com/CTIA2012.php.
ConteXtream, Inc. is delivering the industry's first cloud-scale network virtualization framework for carriers, cable MSOs, cloud service providers and private cloud operators. Leveraging proven virtualization and grid technologies and based on the principles of software-defined networking, ConteXtream's commercially available Grid software provides the industry's first cloud-based network virtualization that helps customers extract more value and profitability from networks through higher performance, greater scalability, and lower operating and capital expenditures. Headquartered in Palo Alto, Calif., ConteXtream is backed by leading Silicon Valley and global investors including Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures as well as Comcast Interactive Capital and Verizon Investments. For additional information, visit www.contextream.com.
McGrath/Power Public Relations
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