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Aerohive® Achieves Record Q1 Revenue in EMEA 17/04/2019 MILPITAS, Calif.- Aerohive Networks® (NYSE: HIVE), a leader in cloud-managed networking, today announced it has achieved record Q1 revenue across Europe, the Middle East, and Africa (EMEA). In 2019, Aerohive experienced the best-ever Q1 revenue and brought on more than 600 new customers across all EMEA areas. Aerohive’s EMEA record revenue was a reflection of increased demand for the company’s cloud-managed networking architecture based on Artificial Intelligence (AI) and Machine Learning (ML), along with an increased demand for 802.11ax products, and the adoption of its new Aerohive A3™ cloud-managed NAC security solution. In fact, customers in central Europe who had previously resisted migrating to the Cloud, are now embracing it, leading to over 100 percent year-over-year growth in our cloud business in that region. “Aerohive is 100 percent committed to the channel and remains dedicated to our partners’ success, ” said David Flynn, president and chief executive officer, Aerohive Networks. “Our partner-centric solutions, built on our continuous innovation around the Cloud, AI, and ML deliver the fastest path to increasing margins and opportunities for new services and reoccurring revenue – and our strategic EMEA partners continue to prove this quarter over quarter.” “We focus on cloud-first solutions that secure or enable the cloud, or are managed or delivered by the cloud, hence the name of our company, ” said Greg Harris, co-founder and director, Cloud Distribution UK. “Our partnership with Aerohive has helped us and our partners grow rapidly and solve problems for our customers that were previously thought unsolvable.” “Aerohive has benefited significantly in the Netherlands from several recent first-to-market innovations, growing their market share to 10.2 percent of the Wi-Fi installed base [SmartProfile, March 2019], ” said Berry van Waayenburg, general manager, Netherlands, Exclusive Networks. “Aerohive’s business model significantly changed over the last six months, which enabled us at Futura 100 percent increased growth compared to the same period a year ago, ” said Ed de Wilde, managing director, Netherlands, Futura B.V. “We have been a long-term partner of Aerohive and have seen a completely new Aerohive over the past six months, with an intense focus on cloud and a high rate of innovation in Artificial Intelligence and Machine Learning, ” said Andreas Bechtold, director, Germany, Switzerland, and Austria markets, Infinigate. |
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