US technology giant Hewlett Packard Enterprise has acquired the privately held Cape Networks, a fast-growing Cape Town-based technology start-up with offices in San Francisco. Cape Networks will become a part of HPE subsidiary Aruba.
In 2016, Cape Networks, formerly known as Asimmetric, raised a “seven-figure US dollar amount” in new funding from venture capitalists in Silicon Valley.
Founded by experts in the telecommunications industry in 2014, the company started life developing tools to help Wi-Fi service providers monitor the performance of their hotspots remotely.
The company was founded by David Wilson, Ross Douglas, Michael Champanis and Fouad Zreik, who spent several years designing and building both the hardware and the software to provide detailed remote reporting, including analytics, about Wi-Fi hotspots to operators.
HPE said in a statement that the acquisition will expand Aruba’s artificial intelligence-powered networking capabilities with a sensor-based service assurance solution that gives customers a network-agnostic tool for measuring and monitoring software as a service, applications and networks.
“The solution helps organisations deliver the best possible end user experience by enabling IT to get ahead of service quality issues before they occur, accelerate time to resolution and lower cost of operations,” it said.
“By applying a sensor-based and network-agnostic approach to service assurance, Cape Networks proactively tests the availability and performance of services and applications, alerting IT professionals of issues before they impact the user or the business… Cape Networks’ solution complements Aruba NetInsight, and together will deliver comprehensive AI-powered analytics and assurance so that customers can quickly adapt to changes in the user, device, application and network environments.”
The transaction is expected to close in the coming days. — (c) 2018 NewsCentral Media
