BATM Advanced Communications Limited (LON:BVC) said it has enhanced its NFVTime virtual networking solution to enable it to be deployed through public cloud networks such as Amazon Web Services (AWS) and Microsoft Azure.
NFV, which stands for network function virtualisation, allows network functions to be run in software with a single piece of equipment, rather than requiring multiple pieces of physical hardware. More specifically, NFVTime is an operating system that is licenced by BATM to network operators to allow them to create these virtual networks for their customers.
The company said the move will expand the addressable market for NFVTime to customers that operate in cloud-based networks, typically enterprise customers or larger operators with a multinational footprint as well as those that lack the internal resource to run the software in their datacentre.
“This is a significant development for our NFVTime solution as we can now offer it to customers who use cloud networks as well as those with datacentre-based networks”, BATM chief executive Zvi Marom said in a statement.
“With NFV, operators benefit from lower costs and deployment times as network functions are run in software rather than hardware – which we are now taking a step further by enabling this to happen in the cloud. We have continued to receive strong interest in NFVTime, which we expect to increase with this broadening of the addressable market at a time when the adoption of cloud-based networking is expanding. We look forward to reporting on our progress”, he added.
In a note on Tuesday, analysts at house broker Shore Capital said BATM is “addressing large market opportunities demanding technology-based solutions” and is also “sustaining investment into its technology and client solutions with more positive developments to come”.
“Strong underlying operating development is now being witnessed across both divisions in the Group with clients and partners keen to tap into BATM’s emerging technologies. We believe that the financial rewards are also becoming visible, with a return to the dividend list anticipated shortly reflecting a strong balance sheet. BATM is developing quickly across the Group and we look forward to further forecast upgrade potential, underpinning the strong performance of BATM’s stock”, the broker added.
BATM shares jumped 2.9% to 107.5p in mid-morning deals.
–Adds broker comment and share price–