Friday, November 3, 2017

Aquantia rises 6% in IPO, raising $61m for its 10GBase-T PHYs

The share price of Aquantia, which offers 10GBASE-T PHY and other Ethernet solutions, rose 6% on its first day of trading on the NYSE under the symbol "AQ" to close at $9.51.

The company sold 6,818,000 shares of its common stock in the IPO, raising $61 million.

Aquantia is based in San Jose, California.

Telia Carrier activates PoP in QTS' mega data center

Telia Carrier activated a connectivity node in QTS' mega data center in Richmond, Virginia.

The data center is a 1.3 million square foot facility with more than 550,000 square feet of raised floor capacity. The 220-acre QTS campus features 12 megawatts currently available with the ability to expand to more than 400 megawatts.

Telia Carrier's extensive fiber network and advanced network services further expand QTS' ability to provide low latency connectivity and reinforce QTS as the largest provider in Richmond with more than one terabit of on-net capacity.

The companies said the facility's proximity to Ashburn, Virginia to the north and the new Virginia Beach Cable Landing (VBCL) to the south, make it particularly attractive.

"The Telia Carrier partnership allows QTS to provide optimum proximity and connectivity for Richmond's thriving business community including a growing number of multinational corporations," said Brent Bensten, Chief Technology Officer, Product Development, QTS. "As Richmond's largest data center, QTS' partnership with the world's number one network backbone provider is a significant addition to our expanding connectivity capabilities."   

"As one of the world's leading telecommunications providers, Telia Carrier empowers highly flexible and scalable IT infrastructure partners backed by the highest levels of high-touch enterprise support," said Art Kazmierczak, Director Business and Network Development, Americas for Telia Carrier.  "We are pleased to partner with QTS and expand the availability of our highly compelling suite of international network services in the Mid-Atlantic region."


QTS plans mega data center campus in Ashburn


QTS Realty Trust has kicked off development a mega data center campus in Ashburn, Virginia. Phase 1 of its multi-tenant development, representing approximately four megawatts of critical sellable capacity, is expected to come online by mid-2018. This year, QTS acquired 52 acres of land in Ashburn, Virginia in two parcels for a total purchase price of $53 million.  The first parcel, representing 24 acres and a $17 million purchase price, closed...

MAREA redefines the transAtlantic subsea bandwidth equation


Construction of the highest-capacity subsea cable to cross the Atlantic is now complete. The 6,600 km MAREA subsea cable, which was jointly funded by Microsoft and Facebook, links Virginia Beach, Virginia to Bilbao, Spain. The cable will be managed by Telxius, Telef√≥nica’s new infrastructure company. The cable features eight fiber pairs and an initial estimated design capacity of 160 Tbps. The cable takes a more southern route than other transatlantic...


Continental acquires Argus Cyber Security

Continental has acquired Argus Cyber Security (Argus), a start-up focused on vehicle cyber security. Financial terms were not disclosed.

Argus, which was founded in 2013, is headquartered in Tel Aviv, Israel and has a team of more than 70 people. The company has 38 granted and pending patents in the area of cyber security for automobiles.

Continental said the acquisition the acquisition will help it to better address the needs of vehicle manufacturers and suppliers around the world in defining and implementing strategies and countermeasures to minimize the exposure of vehicles to cyber risks. The goal is to provide multi-layered, end-to-end security and services including intrusion detection and prevention, attack surface protection and fleet cyber security health monitoring and management via a security operations center (SOC) to protect vehicles in the field over their entire lifespan. The companies will also provide software updates over-the-air solutions.

Argus will be a part of EB, Continental's stand-alone software company and will continue to engage in commercial relations with all automotive suppliers globally.

"Only secure mobility is intelligent mobility. With the acquisition of Argus Cyber Security we are enhancing our abilities to directly develop and offer solutions and services with some of the world's leading automotive cyber security experts to our customers around the globe in order to truly make mobility more intelligent and secure," says Helmut Matschi, member of the Executive Board at Continental and head of the Interior division.

"Argus was founded with a vision to protect all vehicles on the road from cyber threats. To this end we have developed the most comprehensive automotive cyber security offering in the industry and enjoy global recognition of our leadership. Joining forces with Continental and EB will enable us to further accelerate the realization of that vision," says Ofer Ben-Noon, Co-Founder and CEO of Argus Cyber Security.

Broadcom to move HQ back to U.S. from Singapore

Broadcom announced plans to re-establish itself as a U.S. corporation. It is currently domiciled in Singapore for tax purposes.

Broadcom said the redomiciliation will occur whether or not there is corporate tax reform in the United States, although the final form and timing of the redomiciliation will be affected by any corporate tax reform.

Hock Tan, Broadcom's president and CEO, announced the decision at a White House event with President Trump.

“We believe the USA presents the best place for Broadcom to create shareholder value,” said Hock Tan. “We expect the tax reform plan effectively to level the playing field for large multinational corporations headquartered in the United States and to allow us to go all in on U.S. redomiciliation.  However, we intend to redomicile to the United States even if there is no corporate tax reform.”

Thursday, November 2, 2017

VMware to acquire VeloCloud for SD-WAN

VMware agreed to acquire VeloCloud Networks, a start-up offering SD-WAN technology for enterprises and service providers. Financial terms were not disclosed.

VeloCloud, which is based in Mountain View, California, says its SD-WAN solution is distinguished by supporting data plane services in the cloud, in addition to on-premise deployments; enabling policy-based access to cloud and data center applications. VeloCloud SD-WAN includes: a choice of public, private or hybrid cloud network for enterprise-grade connection to cloud and enterprise applications; branch office enterprise appliances and optional data center appliances; software-defined control and automation; and virtual services delivery. The solution aggregates multiple access lines (cable modem, DSL, LTE) into a single secure connection that is defined and controlled in the cloud.

VeloCloud was founded in 2013. The company is headed by Sanjay Uppal, who previously ran OnMobile Global.  He also spent time at Citrix through the acquisition he negotiated with Caymas where he was President and CEO. At Citrix, he defined the product strategy and go to market for the Access Management, Delivery Controller and WAN acceleration product lines.  VeloCloud co-founders also include Ajit Mayya (previously Sr. Director of Engineering in the Cloud and Infrastructure Management division of VMware) and Steve Woo (previously head of cloud strategy at Aerohive Networks).

VMware said the VeloCloud acquisition will enable it to build on the success of its NSX network virtualization platform to address end-to-end automation, application continuity, branch transformation and security from data center to cloud to edge.

"In the digital era, a new networking approach is required to solve the hyper distribution of applications and data, as we move from a model of data centers to one of centers of data at the edge," said Pat Gelsinger, chief executive officer, VMware. "At the heart of VMware's networking strategy is the belief in delivering pervasive connectivity with embedded security that connects users to applications wherever they may be. With the addition of VeloCloud's industry-leading SD-WAN technology, we will be able to extend the VMware NSX approach of automated, secure, and infrastructure-independent networking to the WAN."

"Enterprises are transforming how they architect and utilize their infrastructure, with a shift towards a cloud-delivered, software-defined model. This enables organizations to have a globally consistent infrastructure regardless of where it is deployed -- from the data center and the cloud to the edge," said Sanjay Uppal, CEO of VeloCloud Networks. "We look forward to helping VMware, the leader in software-defined infrastructure, in the next evolution of the company's networking and NFV strategies."

  • In March, VeloCloud closed a $35 million Series D round of funding for its SD-WAN solutions. The funding was led by Hermes Growth Partners and included new investors Telstra Ventures and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia (“Khazanah”), in addition to existing investors New Enterprise Associates (NEA), Venrock, March Capital Partners, Cisco Investments, and other undisclosed strategic investors. This brings total funding to $84 million.
  • In March 2017, VeloCloud reported that its number of SD-WAN sites has grown to more than 50,000 and total customer wins exceed 600, including the two largest SD-WAN wins in the world. The company has secured deals from AT&T, Sprint, Mitel, TelePacific, and Windstream for its “VeloCloud Cloud-Delivered SD-WAN for Service Providers” solution for both Network Integrated and Over The Top implementations.


AT&T says FirstNet now elected in half of all states

AT&T cited significant traction for the FirstNet public safety network: the governors of 29 American states and territories have made the decision to opt in to the FirstNet network. An opt-in decision allows first responder agencies to sign-up for FirstNet, giving them priority access to voice and data across the existing nationwide AT&T LTE network.

“Just within the past couple of months, this country has experienced a number of tragedies. And no matter the life-threatening event, our first responders were there for us. It’s our responsibility to make sure the communications capabilities they need are there, too,” said Mike Poth, CEO of FirstNet. “We applaud these 29 governors for giving their first responders access to the cutting-edge tools they need to support their heroic efforts.”

“The needs of public safety demand more than what commercial offerings provide today. FirstNet will be a force for good, forever changing the way first responders think about and use communications,” said Chris Sambar, senior vice president, AT&T – FirstNet. “We’re honored to have more than half the country put their trust in us to deliver this game-changing platform for public safety. That trust is not misplaced. Our commitment to this community as well as what we intend to deliver is clear and unwavering.”


  • In April, AT&T was awarded a 25-year contract by the First Responder Network Authority (FirstNet) to build and manage the first broadband network dedicated to America's police, firefighters and emergency medical services (EMS) that will cover all 50 states, 5 U.S. territories and the District of Columbia, including rural communities and tribal lands.

    The communications infrastructure to be provided by AT&T will support the millions of first responders and public safety personnel nationwide. The public-private infrastructure investment is expected to create around 10,000 U.S. jobs over the next two years, with the roll-out scheduled to begin later in 2017.

    For the project AT&T will create a national IP-based, high-speed mobile communications network for first responders designed to improve rescue and recovery operations, more effectively connect first responders to the information they need, support public safety initiatives based on IoT and smart city solutions and enable the use of new capabilities such as wearable sensors and cameras.

Arista's Q3 revenue rockets 51% to $437.6 million

Arista Networks reported Q3 revenue of $437.6 million, an increase of 8.0% compared to the second quarter of 2017, and an increase of 50.8% from the third quarter of 2016. GAAP gross margin was 64.1%, compared to GAAP gross margin of 64.1% in the second quarter of 2017 and 64.2% in the third quarter of 2016.GAAP net income was $133.7 million, or $1.68 per diluted share, compared to GAAP net income of $51.3 million, or $0.69 per diluted share, in the third quarter of 2016.

"I am proud of our record results and profits in Q3 2017,” stated Jayshree Ullal, Arista President and CEO. “Our performance validates our meaningful traction with customers as they evolve from legacy to universal cloud networking designs.”


Aquantia prices shares at $9 in IPO

Aquantia, which offers 10GBASE-T PHY and other Ethernet solutions, announced the pricing of its initial public offering of 6,818,000 shares of its common stock at a price to the public of $9.00 per share.

The shares are expected to begin trading on NYSE on Nov. 3, 2017 under the symbol “AQ.”


Sierra Wireless' revenue rises 13% yoy as IoT gains traction

Sierra Wireless reported Q3 revenue of $173.2 million, an increase of 12.8% compared to $153.6 million in the third quarter of 2016. Gross margin was $57.8 million, or 33.3% of revenue, in the third quarter of 2017, compared to $49.4 million, or 32.1% of revenue, in the third quarter of 2016. Operating expenses were $57.5 million and earnings from operations were $0.2 million in the third quarter of 2017, compared to operating expenses of $49.4 million and a loss from operations of $0.1 million in the third quarter of 2016. Net earnings were $1.2 million, or $0.04 per diluted share, in the third quarter of 2017, compared to a net loss of $1.8 million, or $0.06 diluted per share, in the third quarter of 2016.

  • Revenue from OEM Solutions was $138.5 million in the third quarter of 2017, up 8.4% compared to $127.8 million in the third quarter of 2016. 
  • Revenue from Enterprise Solutions was $26.3 million in the third quarter of 2017, up 38.8% compared to $18.9 million in the third quarter of 2016. 
  • Revenue from Cloud and Connectivity Services was $8.4 million in the third quarter of 2017, up 23.0% compared to $6.9 million in the third quarter of 2016.

In August 2017, Sierra Wireless agreed to acquire Numerex in a stock-for-stock merger transaction to expand its position as a leading global IoT pure-play.

Ayla Networks raises $60M for its IoT platform

Ayla Networks, a start-up based in Santa Clara, California, raised $60 million in Series D financing for its Internet of Things (IoT) platform-as-a-service (PaaS).

The Ayla Cloud is a completely managed service that provides a full suite of operational, business intelligence, and analytics services to manage a connected deployment throughout its lifecycle. Ayla-enabled connectivity modules can be built with a variety of micro-controller, operating system, or networking protocol. Ayla also offers mobile application libraries that contain APIs for iOS and Android applications that can securely control and manage Ayla-enabled products.

The new funding was led by Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd.

“Ayla has amassed more than 100 large enterprise customers by solving their challenges regarding how to securely connect, manage and apply intelligence to all of their connected devices and sensors,” said David Friedman, Ayla CEO and co-founder. “The Ayla platform blends critical capabilities related to security, privacy, data policy and management with a massively configurable capability for our customers to ingest data from any sensor and IoT cloud. The platform makes it easier for enterprises to apply intelligence and analytics to broad sets of heterogeneous data sets to transform the data into real business value.”

Interxion posts 18% year over year revenue growth in Q3

Interxion reported Q3 revenue of €124.6 million, up 18% over the same period last year. Recurring revenue increased by 17% to €117.4 million. Net income decreased by 4% to €10.1 million and adjusted net income2 increased by 24% to €10.7 million.

Operational highlights
Equipped space4 increased by 1,900 square metres in the quarter to 118,900 square metres.
Revenue generating space4 increased by 2,100 square metres in the quarter to 97,100 square metres.
Utilisation rate at the end of the quarter was 82%.
During the third quarter, Interxion completed the following major expansions: 1,100 sqm expansion in Frankfurt, 300 sqm expansion in Stockholm, and 400 sqm expansion in Zurich.
Revenue generating space at the end of the third quarter of 2017 was 97,100 square metres, compared with 84,100 square metres at the end of the third quarter of 2016 and 95,000 square metres at the end of the second quarter of 2017.

“Interxion delivered strong financial and operational results in the third quarter, with 18% revenue growth year-over-year, driven by 21% revenue growth in our Big 4 markets and 14% growth in the Rest of Europe,” said David Ruberg, Interxion’s Chief Executive Officer. “Strong and well diversified bookings in the quarter confirmed the value of our communities of interest and reflect the growing demand that we are experiencing across our European footprint and in our target segments. Consequently, we are increasing our full year revenue guidance and narrowing Adjusted EBITDA guidance to the top end of our previously announced range.”


ADTRAN builds its Mosaic Open Network Alliance

ADTRAN announced the initial members of its Mosaic Open Network Alliance, which was established to foster vendor collaboration, widespread development and industry adoption of SDN and NFV solutions based on open standards.

  • Aricent - Aricent Aricent is a global design and engineering company innovating for customers in the digital era and helping clients lead into the future by solving their most complex and mission-critical issues through customized solutions
  • ASSIA - ASSIA is the market share leader in management and optimization software solutions for global broadband and residential WiFi networks
  • Axiros – Axiros is the manufacturer of embedded and platform software technology used in the advanced provisioning, management and control of remote customer (and enterprise) premise devices for a wide range of applications including cable broadband, telecommunications, home automation, Smart City and other IoT applications
  • Cambium Networks - Cambium Networks is a leading global provider of trusted wireless solutions that connect the unconnected. 
  • CCS - CCS (Cambridge Communications Systems) is the creator of Metnet – the world’s only self-organizing 5G microwave backhaul for small cell, 5G Fixed Wireless Access (FWA), CCTV and fiber extension applications. 
  • iPhotonix - iPhotonix is the leading emerging technology provider for the virtualization (SDN/NFV) of the optical access and transformation occurring throughout the globe in the residential, business, enterprise and mobile backhaul markets
  • SmartRG - SmartRG offers the best whole-home WiFi service delivery platform in its class. Its innovative technology and elegant designs help broadband operators migrate, manage and monetize the increasingly connected home experience while exceeding subscriber expectations

“ADTRAN has experienced great interest from many industry leading parties who are keen to collaborate and integrate with truly open platforms as we support the acceleration of the industry’s transition to open, programmable, scalable networks,” said Chris Thompson, director of Mosaic software and solutions portfolio for ADTRAN. “We eagerly welcome alliance members from across the technology landscape who share our objective of providing operators around the globe with a single point of reference for best-of-breed SD-Access and NFV solutions.”

Wednesday, November 1, 2017

NTT Com launches low latency Tokyo-Chicago link

NTT Communications (NTT Com) has launched an ultra-low-latency connectivity service between Tokyo and Chicago.

The JPX-Chicago Co-Location Direct links the financial markets of Tokyo operated by Japan Exchange Group (JPX), including the Tokyo Stock Exchange, and the Cermak data center used by trading firms in Chicago. For the lowest latency, NTT Com’s point of presence (PoP) in the JPX colocation center connects directly to the PC-1, NTT Com’s submarine cable linking Japan and U.S. in the shortest route available.

NTT Com is also offering low-latency connections between JPX and financial markets in Hong Kong and Singapore. The high-speed connections can be used for high-frequency algorithm trading.

Juniper intros disaggregated Optical Line System

Juniper Networks is introducing a new optical line solution that disaggregates hardware from network control software.

The new optical solution, which features the Juniper Programmable Photonic Layer and new TCX1000 Series Programmable ROADM aims to bring flexibility, cost control and multi-layer visibility to packet-optical transport.

The new TCX1000 is enabled by a colorless, directionless, flex-grid ready programmable ROADM device from Lumentum. The ROADM supports 100G, 200G, 400G rates and above, without having to upgrade line system hardware.

Juniper's proNX Optical Director microservices-based optical network management and control software uses a microservices-based architecture that allows operators to integrate customer and third-party applications in an agile operational environment. Additionally, proNX Optical Director uses a standards-based YANG API to integrate seamlessly with Juniper Networks NorthStar Controller, which enables network visibility and coordination from Layer 0 to Layer 3.

Juniper said operators can now confidently disaggregate the line system hardware from the transponder layer and from the photonic layer control plane to better optimize the network for use cases such as data center interconnect.

"The continuously evolving dynamics presented by the cloud requires that all elements of the network be agile, open and easily disaggregated -- and Juniper is ensuring that the optical layer follows suit. Closed systems that prevent true agility abound, but Juniper understands the importance of disaggregation and we're excited to give customers the power to move faster within the cloud era with a true turnkey solution for end-to-end packet optical network operation," stated Donyel Jones-Williams, Director of Service Provider Portfolio Marketing, Juniper Networks.

Juniper unveils Cloud-Grade Networking


Juniper Networks has announced new developments with Cloud-Grade Networking, designed to offer service providers and enterprises a simplified way of building cloud networks that allow faster provision of services.

Juniper's Cloud-Grade Networking establishes a new set of principles for the way applications and services are architected, delivered and secured and combines telemetry, automation and machine learning capabilities to support the transition to the cloud.

Cloud-Grade Networking is based on four principles: a platform-first approach, disaggregation, a Self-Driving Network, and software-defined security. This foundation is designed to bring cloud agility and scale to network operators, speed innovation and streamline operations. Leveraging new orchestration and automation capabilities, this approach combines carrier-grade reach and reliability with enterprise-grade control and usability.
Juniper's Cloud-Grade Networking approach specifically features:

1.         Junos Node Slicing, based on the ability of Junos OS to support the convergence of multiple concurrent network functions on the same physical routing infrastructure by decoupling the network software from the underlying infrastructure.

2.         Universal Chassis, a cloud-grade chassis supported on the new PTX10008, PTX10016, QFX10008 and QFX10016, and in the future the MX series line cards, which allows customers to standardise on a hardware platform across the data centre, core and network edge; by decoupling line cards from the physical chassis, users can reduce the operational complexity of sourcing, procuring and deploying disparate routing platforms across different use cases.

3.         Professional services (PS), including two new automation PS engagements, with a PS that provides continuous network infrastructure integration to automate design, test, deployment and audit network environments, enabling evaluation of new network changes within hours.

4.         NorthStar controller enhancements, with Juniper's wide-area network SDN offering extended support for Source Packet Routing in Networking (SPRING) for more precise traffic engineering control and programmability across the network, plus support for real-time stream telemetry via the Junos Telemetry Interface (JTI).


Juniper to Acquire BTI Systems for Metro Optical and DCI

Juniper Networks has agreed to acquire BTI Systems, a supplier of cloud and metro networking systems and software. Financial terms were not disclosed.

BTI Systems, which is based in Ottawa, features a software-driven metro optical networking architecture.  BTI’s flagship metro packet optical networking system (BTI 7800 Series Packet Optical Transport platform) offers high-density 10G/40G/100G connectivity for metro service providers. The platform leverages 100G Coherent modules and features integrated ROADM capability and MPLS switching. The compact BTI 7000 Series integrates MEF Carrier Ethernet 2.0-certified switching, 10G WDM optical layer and 2 Degree and 4 Degree ROADM Dynamic Optical Layer capability. BTI's Intelligent Cloud Connect platform for data center interconnect delivers up to 3.36Tbps of full duplex wavelength capacity in a compact 14RU footprint, and is scalable to more than 10Tbps in a single rack.  The company claims more than 380 customers (service providers, content providers, colocation providers and cloud infrastructure companies) in over 40 countries.

Juniper said the acquisition will accelerate its delivery of open and automated packet optical transport solutions that integrate with its NorthStar Controller, including network management features that enable end-to-end provisioning of new services.  The deal is expected to close in Q2 of this year.

Equinix cites wins from Alibaba, Baidu, Blade, Charter, Netflix

Equinix reported quarterly revenue $1,152 million, up 25% year over year (10% yoy on a normalized and constant currency basis), and up 8% over the previous quarter. The figure includes $137 million of revenues from the acquisition of 29 Verizon data centers. Net income was $80 million.

Some highlights:

  • Record number of new wins across every vertical in Q3, 
  • 10 new Fortune 500 wins from the enterprise and financial services verticals
  • The network vertical achieved record bookings with expansions from Charter Communications, and with continued momentum within the subsea space from Seaborn Networks and Aqua Comms.
  • Interconnection revenues in Q3 grew 31% yoy and 17% year-over-year on a normalized and constant currency basis, significantly outpacing colocation revenues and reflecting the movement towards Interconnection Oriented Architecture.
  • Cross-connects between customers increased to more than 248,000, and the Equinix Cloud Exchange platform now serves more than 950 customers.
  • Key customer wins and expansions included Alibaba.com, Baidu, Blade, Charter Communications, Netflix, Priceline.com, Oracle, Salesforce.com, SAP, Tencent and Walmart

Oclaro posts rising revenue - 100G now 81% of sales

Oclaro reported revenues of $155.6 million for the first quarter of its fiscal 2018, compared with revenues of $149.4 million in the preceding quarter , and revenues of $135.5 million for the period a year earlier.

GAAP gross margin was 40.3% for the first quarter of fiscal 2018. GAAP operating income was $31.2 million for the first quarter of fiscal 2018. This compares with GAAP operating income of $29.9 million in the fourth quarter of fiscal 2017, and GAAP operating income of $17.9 million in the first quarter of fiscal 2017.

"The Oclaro team once again produced strong quarterly results, fueled by our CFP2-ACO and QSFP product lines.  We generated sequential revenue growth and strong profitability," said Greg Dougherty, Chief Executive Officer, Oclaro. "Our near-term visibility includes continued softness in China, compounded by a recent slowdown in data center sales.  Despite our reduced outlook, we expect to remain solidly profitable for the December quarter, which would serve as a further testament to our strong financial model."



Aerohive lands OEM deal with Dell EMC

Aerohive Networks announced an Original Equipment Manufacturing (OEM) agreement with Dell EMC covering its full portfolio of Wi-Fi Access Points and HiveManager NG Cloud Management Platform as a Dell EMC-branded solution.

Aerohive said the agreement includes comprehensive and collaborative sales, marketing, support, services, and logistics capabilities that enable Dell EMC’s sales teams and channel partners to go to market with a unified Wi-Fi and Switching solution that is managed by a Dell EMC-branded and Aerohive-based Cloud. The OEM agreement announced today is globally operational, effective immediately.

“We are proud that Dell EMC has shown the confidence in both our product and organization to move to a full OEM partnership,” said David Flynn, chief executive officer, Aerohive Networks. “With Dell EMC’s global reach as a trusted partner to IT organizations around the globe, Aerohive now has a partner that is a force multiplier to help drive Cloud Managed Wi-Fi and Switching to the broader market.”

BT awards 5-year contract renewal to Ciena

BT awarded a five-year contract renewal to Ciena to deploy its 6500 Converged Packet Optical Platform. Financial terms were not disclosed.

The UK-wide deployment, which commenced in summer 2017, will enable BT to grow its optical services business.

See also