NetFoundry Spins off into a New Independent Subsidiary of Tata Communications

NetFoundry, originally developed as a part of Tata Communications’ Shape the Future innovation and Entrepreneurship Programme, has become an independent subsidiary within the Tata Communications Group. NetFoundry passed the $1 million USD annual recurring revenue (ARR) milestone in less than two years of selling its services, growing ARR by over 50% on a quarter-over-quarter basis for the past three quarters. Through this spin-off, Tata Communications aims to help the North Carolina-based company to accelerate its growth further.

The NetFoundry platform eliminates the complexity and cost of traditional business networking. It spurs innovation by enabling customers to programmatically embed private networking into their applications and solutions. The result is that application providers, cloud and system integrators, managed service providers and leading-edge businesses can deliver applications across any set of edges and clouds, with zero trust security and optimised performance, and without relying on configuration, private circuits or custom hardware.  

Customers control their networks via NetFoundry’s web console, APIs and SDKs. They can access NetFoundry’s global Software Defined Network (SDN) from any Internet connection, while NetFoundry manages all the underlying infrastructure in a Network-as-a-Service (NaaS) model.  NetFoundry’s software is available in leading cloud and edge marketplaces, such as AWS, Azure, CoreSite, Digital Ocean and IBM Cloud.