SANTA CLARA, Calif., January 30, 2024 — netElastic, an innovative software company providing high-performance virtual routing solutions, announced today that it achieved 175% USD year-over-year revenue growth in 2023, fueled by growing demand for software-based, disaggregated networks. In 2023, netElastic added 79 new customers and 31 new channel partners. netElastic also surpassed 3 million end users globally. This reinforces netElastic’s position as an attractive alternative to proprietary, expensive vendors like Cisco and Juniper.

“Our growth reflects the success customers are having with our solutions,” said Weixiao Liu, netElastic CEO. “netElastic vBNG was one of the first vBNGs to achieve one terabit of throughput and is helping service providers keep up with increasing bandwidth demand, while our software-based solutions are also significantly lowering total cost of ownership. Our strategy of leveraging virtual routing leadership and excellent customer support has been a winning formula, and our ongoing relationships with our customers continue to help us make our products even better.”

“netElastic continues to increase its global presence as broadband service providers worldwide embrace netElastic’s value propositions of greater scalability, high performance, and ease of use,” said David Williams, netElastic SVP, Sales and Marketing. “Network disaggregation is shaping the future of telecom, and netElastic vBNG and CGNAT are helping service providers to benefit from it easily.”

About netElastic

netElastic is an innovative software company providing high-performance routing solutions for broadband service providers. netElastic developed one of the first software-based broadband network gateways (BNGs) and has been a leader ever since. netElastic vBNG brings greater scalability, flexibility, and lower costs to BNGs. netElastic’s software-based CGNAT solution provides the most important CGNAT features at a fraction of the cost of traditional proprietary CGNAT solutions. For more information, please visit www.netelastic.com