Leading software tech company Megaport gained over 8 per cent today after launching its Megaport Cloud Router (MCR) – a virtual router service – at PTC ‘18, the annual Pacific Telecom Council conference in Honolulu, Hawaii.
Using Software Defined Networking (SDN), Megaport’s global platform enables customers to rapidly connect their network to other services across the Megaport Network.
Services can be directly controlled by customers via mobile devices, their computer, or Megaport’s open application programming interface (API).
MCR is a virtual router service that enables customers to rapidly and privately connect at Layer 3 – the layer at which network routers operate – without the need to own or manage routers or physical infrastructure.
By removing administrative and ownership complexities, MCR makes it easier for companies to connect to cloud services, expand their service footprint through virtual Points of Presence (PoPs), and peer with Ecosystem partners around the world without the need to physically deploy network infrastructure.
“As a Network and as a Service company, it’s imperative that Megaport continues to innovate solutions that abstract complexities in the network buying experience,” said Megaport Chief Executive Officer Vincent English.
“We’ve moved further up the stack by expanding our SDN’s capabilities to address Layer 3 IP routing and support a broader set of customers with varying technical capabilities and business needs.
“With Megaport Cloud Router, there’s no need for a deep understanding of Layer 3 intricacies to take advantage of IP routing features. Cloud to cloud connectivity is one of several new use cases unlocked by MCR which provides powerful options for enterprises architecting next-generation multicloud and hybrid cloud solutions.
“Our customers can move beyond the constraints of their physical network and rapidly establish virtual Points of Presence to unlock unique peering and interconnection opportunities around the world.
“We’re excited to continue innovating new services to address new market segments and empower the next phase of cloud and network growth,” he added.
The launch of MCR has been well received by partners and customers as a means of enabling new use cases for data networking globally.
Shares in the company gained 29c in today’s trade, closing the day at $3.79.
