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13.90 -0.40 (-2.80%)

Bid:

13.50

Ask:

13.90

Spread: 0.40 (2.963%)

Market Cap: £47.27m

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BATM Advanced Launches Virtualized IT Services Platform

Mon, 27th Oct 2014 09:00

LONDON (Alliance News) - BATM Advanced Communications Ltd Monday said it has launched what it claims in the world's first 10GE platform for virtualized IT services at the network edge, a move that marks further progress with its new strategy of concentrating on tier 1 clients, software driven networks and network function virtualization.

In a statement, the company said its new product is called CloudMetro 100 and it supports distributed network function virtualization to enable telecom network operators to provide multiple IT services, rather than just connectivity services, thereby differentiating themselves from other cloud providers.

"By virtualizing and running different networking functions as software at the edge of the network, operators can also introduce services more rapidly and at a lower cost. In addition, with 10GE-capability, the platform caters for the ever-increasing demand for capacity whilst also supporting the latest transport technologies," BATM said in a statement.

BATM Advanced Communications shares were untraded early Monday. The stock last traded at 15.25 pence.

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1