Feeds

Bechtolsheim's baby Arista Networks heads toward IPO

Profitable bit-fiddler files S-1 for market debut

The Essential Guide to IT Transformation

Networking startup Arista Networks is filing for an IPO as the scrappy biz tries to wrestle share away from incumbents like Cisco and Juniper.

The profitable upstart filed its S-1 form with the US Securities and Exchange Commission on Monday.

Arista Networks' chairman is Andy Bechtolsheim, the co-founder of Sun Microsystems. The small biz has distinguished itself by fielding pricey switches that have fearsome packets-per-second bandwidth capabilities and powerful control software.

The company is pegging its prospects for future growth to the rise of the cloud market, and says in its S-1 that it believes "that cloud computing represents a fundamental shift from traditional legacy data centers and that cloud networking is the fastest growing segment within the data center switching market."

In the forms, the Santa Clara, California-based company demonstrated impressive revenue growth alongside a healthy net income – a pleasing trait in a valley flush with high-profile companies that tend to focus on growth first and profit second.

"For 2010, 2011, 2012 and 2013, our revenue was $71.7 million, $139.8 million, $193.4 million and $361.2 million, respectively. Our 2013 revenue grew 87% when compared to 2012." the company wrote in its S-1. "For 2010, 2011, 2012 and 2013, our net income was $2.4 million, $34.0 million, $21.3 million and $42.5 million, respectively."

Arista was founded in 2004 and shipped its first product in 2008. As of the end of 2013, Arista had 2,340 customers, up from 570 at the end of December 2010.

Its typical buyers are those that either have a need for great speed, such as financial institutions, or ones that run complex multi-tenant data centers, like service and cloud providers.

These customers include: Facebook, Microsoft, Yahoo!, Barclays, Citigroup, Morgan Stanley, Comcast, Equinix, ESPN, Rackspace, and others. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.