Published on July 5th, 2011 | by Alexis Argent0
Folio Investing Selects Wi-Fi Solution from Aerohive Networks for Security and Mobility
Aerohive Networks, the pioneer in controller-less Wi-Fi and cloud-enabled networking, today announced that Folio Investing has selected Aerohive to upgrade its corporate Wi-Fi solution and enhance collaboration among its highly mobile employees. Aerohive was chosen for its strong security.
- Based in McLean, Va., Folio Investing is a leading online brokerage whose high-tech approach to investing is used by thousands of retail investors and registered financial advisors. Folio’s unique flat-fee pricing plan allows investors to buy, manage and rebalance a fully diversified portfolio without ever paying trading commissions.
- Folio Investing selected Aerohive on the basis of its strong security for corporate employees and visitors needing guest wireless access. A guest, or employee with a personal device, can access the internet while remaining completely and securely segmented from the corporate Wi-Fi and wired networks.
- Folio learned about Aerohive through its VAR Alliance Technology, while doing its due diligence in searching for a wireless network that would best meet its needs. Other vendors were considered, but Aerohive’s controller-less architecture was hands down the best choice.
- With the wireless upgrade, Folio Investing’s network reliably handles bandwidth-sensitive applications such as voice over Wi-Fi. For example, the company is running Cisco’s voice over Wi-Fi solution on its Aerohive WLAN, and it has loaded telephone software onto staff laptops. Employees may take phone calls or participate in video chats from anywhere in the building, streamlining the ease of collaboration.
“Aerohive met all of our requirements – it was the best for us in terms of cost and value add,” said Eric LeSatz, VP of Technical Operations, Folio Investing. “The cost of installing everything is modular with Aerohive, so we avoided that big up-front cost you get with the controller-based vendors.”
“Aerohive’s HiveManager Network Management System (NMS) is allowing us to control and manage the Wi-Fi, and to troubleshoot any problems from a central location,” said Tim Reynolds, VP of Network and Infrastructure, Folio Investing. “We also can centrally manage APs and the process of providing updates.”
About Aerohive Networks
Aerohive Networks reduces the cost and complexity of today’s networks with cloud-enabled, distributed Wi-Fi and routing solutions for enterprises and medium sized companies including branch offices and teleworkers. Aerohive’s award-winning cooperative control Wi-Fi architecture, public or private cloud-enabled network management, routing and VPN solutions eliminate costly controllers and single points of failure. This gives its customers mission critical reliability with granular security and policy enforcement and the ability to start small and expand without limitations. Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. The company’s investors include Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Northern Light Venture Capital and New Enterprise Associates, Inc. (NEA).