Cloud Computing: Cisco rival Arista Networks files for IPO
Grazed from Reuters. Author: Editorial Staff.
Arista Networks Inc, which makes network switches for large data centers, filed for an initial public offering on Monday, the latest in a string of cloud computing firms tapping investor enthusiasm around the technology. Arista’s filing comes a week after data storage provider Box Inc filed to raise up to $250 million in one of Silicon Valley’s most highly anticipated IPOs of the year.
Box rival Dropbox is expected to file plans for an IPO in the coming months. Santa Clara, California-based Arista listed Morgan Stanley and Citigroup as lead underwriters to the offering in its IPO filing with the U.S. Securities and Exchange Commission on Monday. The company, whose competitors include Cisco Systems Inc, said it would raise $200 million from the offering, but the final size of the IPO could be different…


Cloud computing has resulted in plenty of debates between IT professionals over the years, but the growing feeling about the technology today is much more positive than negative. Surveys continue to find that more businesses are embracing the possibilities of cloud-based environments as a way to replace antiquated solutions with more flexible models.