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  • Megaport (MP1) has built the Megaport Virtual Edge (MVE), a product capable of hosting wide area network functions
  • With MVE, Megaport customers can tap into the company’s software defined network (SDN) to deploy and expand network functions in real-time, without the need to deploy hardware
  • Megaport says this will give its customers an on-demand secure network from an internet-connected location around the world
  • As a result, the company believes this will become an attractive option for companies in the post-COVID era, as the private and public sector seeks ways to better structure their workforce in a disjointed global economy
  • MP1 plans to integrate its new tech offering with surface-defined wide area networks (SD-WAN) developed by Cisco — another Australian tech company
  • Megaport shares closed 10.8 per cent higher on Tuesday, trading for $14.61

Megaport (MP1) has built the Megaport Virtual Edge (MVE), a product capable of hosting wide area network functions.

With MVE, Megaport customers can tap into the company’s software defined network (SDN) to deploy and expand network functions in real-time, without the need to deploy hardware.

Megaport says this will give its customers an on-demand secure network from an internet-connected location around the world.

This will become an attractive option for companies in the post-COVID era, as the private and public sector seeks ways to better structure their workforce in a disjointed global economy.

Megaport says it will distribute MVE to align with global centres of commerce, which will, in turn, support the product’s traffic flows. This will allow the company to include some secure gateway functions to support connections, in turn improving the security of the service.

Significantly, the platform enables surface-defined wide area networks (SD-WAN) capabilities. These types of networks are secure platforms which allow companies to better manage online systems by de-coupling networks from its physical hardware.

MP1 plans to integrate its new tech offering with an SD-WAN developed by Cisco — another Australian tech company.

Megaport CEO Vincent English said that enterprises and service providers were beginning to understand the benefits of an SD-WAN as opposed to a normal wide-area network.

“…the ability for Megaport customers to easily and in minutes spin up SW-Wan virtual appliances around the world on our platform is a big enabler for global organisations,” he explained.

“Having these virtual appliances fully integrated into the Megaport interconnection platform leveraging our multicloud connectivity takes this to another level,” Vincent stated. 

Megaport shares closed 10.8 per cent higher on Tuesday, trading for $14.61.

MP1 by the numbers
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