Lavelle Networks specialises in software-defined Wide Area Network solutions and it serves a range of industry segments. Airtel Business' Network as a Service (NaaS) is a digital platform that focuses on emerging connectivity requirements of enterprises as they go through the cloud and digital adoption.
Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 percent equity stake in Bengaluru-based technology startup Lavelle Networks. The agreement is subject to statutory approvals. "Airtel acquires about 25 percent strategic stake in SD-WAN startup Lavelle Networks", the company said in a statement.
Financial details about the deal were not disclosed. Lavelle Networks specialises in software-defined Wide Area Network solutions and it serves a range of industry segments. "As more enterprises move to cloud-based applications to serve their customers in a digital-first ecosystem, they require on-demand and reliable network connectivity," the release said.