Cisco Virtualized Managed Business Service Solutions Enable Service Providers to Capitalize on $62 Billion Market Opportunity

SAN JOSE, CA--(Marketwired - Sep 29, 2014) - Cisco (NASDAQ: CSCO) today announced that its Evolved Services Platform (ESP), the industry's most comprehensive virtualization and orchestration software platform that creates, automates and provisions services in real time across compute, storage and network functions, enables service providers to deliver two new virtualized and automated managed business services targeted to the small medium business market: Cloud VPN and Security. The SMB market segment has great upside potential within the fast-growing managed network and communication services market, which is expected to grow to $62 billion dollars by 2018. (sources: MarketsandMarkets, U.S. Census, Cisco Analysis)

Today, SMBs are looking for highly secure and scalable services -- complete with instantaneous ramp-up, flexibility and personalization capabilities at a much lower cost than traditional enterprises. However, for Service Providers, the high cost of customer acquisition, manual network provisioning and management, and ongoing customer support needed for SMBs have made it far too challenging to offer such services to that market profitability.

Now, with Cisco's new virtualized managed service solutions, Service Providers are now better able to pursue these opportunities. Leveraging Software Defined Networking (SDN), innovative Network Function Virtualization (NFV), multi-vendor orchestration and provisioning technologies, these solutions can enable service providers to save up to 78% in operational costs, deliver a 200% return on investment over 5 years and decrease new managed service start-up time from months to less than 48 hours compared to past approaches.

Additional cloud-centric news was also announced today by Cisco and a wide range of partners driving the momentum around Intercloud, enabling even more flexibility to service providers in the delivery of virtualized managed service offers.

Business Outcomes and Technology Highlights:

• Cloud VPN Service Solution: Enables services providers to deliver optimal user experiences, cloud security and simplified operations; offers the most comprehensive solution in the industry, enabling services providers to help SMBs scale their services worldwide and on-demand; delivers direct secure and scalable Internet access from the branch, site-to-site as well as remote access VPN; provides advanced VPN Features like Cloud Managed Auto VPN, Application Firewall, WAN Optimization, Application Control, and Content Filtering.