Tuesday, May 26, 2015

HP to acquire ConteXtream for NFV/SDN Controller

HP agreed to acquire ConteXtream, a provider of OpenDaylight-based, carrier-grade SDN fabric for NFV, and a current HP OpenNFV partner. Financial terms were not disclosed.

ConteXtream, which is headquartered in Mountain View, California and has development offices in Israel, offers a Carrier-SDN framework that dynamically and elastically connects subscribers to services and enables carriers to leverage standard, low-cost server hardware and hypervisors to virtualize functions and services. The solution controls traffic flows through the
network using a distributed controller and virtual switches to efficiently load balance traffic on all resources, whether virtual or physical. The company was established in 2007 and has been deployed at tier-one telcos and MSOs. ConteXtream is headed by Nachman Shelef, who previously was a general partner of Benchmark Capital and a co-founder of the Benchmark Israel venture fund. Nachman's background also includes founding and heading NiceCom, a company acquired by 3Com.

HP said ConteXtream’s open SDN controller platform complements its own NFV expertise and telecommunications and IT experience.   HP has been a global reseller of ConteXtream technology solutions and ConteXtream is an HP AllianceOne partner.

After the transaction closes, ConteXtream will become part of HP’s Communications Solutions Business. ConteXtream’s current CEO, Chairman, and co-founder Nachman Shelef will continue to lead the ConteXtream business within HP and will report to me.