Mobile broadband gateway developer Stoke announced that
it is tracking strongly towards its 2011 growth and revenue targets. As of June
15, sales revenues had surpassed the 2010 total; the company anticipates 300
percent growth year-on-year in this area.
Headcount is now at 160 percent and unit shipments have
exceeded 400 percent of 2010. The late-stage startup enters the second half of
the year with a growing customer, partner and distributor base, and new offices
in Europe and Asia.
We believe the company is at the point where we are
ready to massively grow the business,” said Vikash Varma, president and CEO of
Stoke.
The changing industry dynamics have created huge
interest in our innovative approaches and we are increasingly invited to the
table with major industry players. Bookings for the rest of the year are
extremely solid and we expect 2011 to be our first full year of profitability,”
Varma added.
Supporting its growing customer base and participation in
major commercial engagements, Stoke has expanded its global footprint with new
branch offices in France and Spain.
Adding to its subsidiary entities in the UK and Japan,
Stoke most recently opened a new subsidiary in Seoul, South Korea, where
veteran Howard Lee joins as Regional Senior Sales Director and Korea Country
Manager. Lee’s career spans senior roles in telecoms and networking companies
including Cisco, Samsung, Force10 Networks and Riverstone.
Stoke continues to expand its engineering, support and
sales resources, attracting talent from major telecom and wireless industry
players, and expects to double its employee base by the close of this year.
Stoke’s market validation and growth rate have been
phenomenal. It’s an exciting and explosive time in the evolution of mobile
broadband. Stoke’s solution is addressing the key issues that could otherwise
impair this tremendous opportunity, namely security, service quality and
performance. We are very optimistic about the possibilities ahead of them,”
said Matt Murphy, partner, Kleiner Perkins.
The security concerns of new, all-IP LTE networks,
combined with sharp growth in LTE wireless services, are challenging the
ability of even these cutting-edge networks to perform and scale as expected.
With mobile operator sentiment increasingly trending
towards the deployment of IPsec encryption within LTE networks, incumbent
equipment suppliers are struggling to meet these requirements, resulting in a
sizeable opportunity for Stoke, whose products address the throughput, speed,
protection and privacy requirements of LTE operators.
With more standalone eNodeB secure aggregation gateways
shipped than any other vendor, Stoke is in the volume leadership position in
this EPC device category.
In addition to commercial LTE deployments, Stoke is also
participating in multiple exploratory opportunities, including consolidated
multi-vendor LTE lab test being undertaken by BT, announced in February, to
explore the potential synergies of mobile and fixed networks sharing the same
basic IP architecture.
While the pace of LTE adoption continues to accelerate,
mobile operators must still wrestle with stresses on existing 3G networks.
Increasingly, they are attempting to meet overwhelming demand for data services
by deploying offload, traffic management and optimization solutions in the 3G
network that provide flexibility and control while supporting improved network
speeds and greater efficiency of throughput.
At the beginning of 2011, Stoke upgraded its Mobile Data
Offload (MDO) solution to enable a wider set of applications to be deployed at
the edge of the Radio Access Network (RAN) and initiated new commercial
relationships in this area.
Stoke recently announced a partnership with Zhilabs, a provider of mobile data analytics,
to create an integrated mobile data offload and traffic optimization/
intelligence solution.
Stoke is also working with innovative content delivery
solution provider Verivue on a breakthrough CDN solution that is proven in
trials to improve video download times by a factor of four, providing further
evidence of the importance of MDO as a key network modernization tool.
By Telecomlead.com Team
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