Feeds

Bechtolsheim's baby Arista Networks heads toward IPO

Profitable bit-fiddler files S-1 for market debut

Build a business case: developing custom apps

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. ®

The essential guide to IT transformation

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?