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Thursday, March 09, 2017 12:41:47 PM
Could lead to substantial revenues in the near future.
Also, I did just call investor relations and she said the 14th. I know there has been a lot of confusion around this date so I had to confirm myself.
Mark Munro on Q3 2016 Results - Earnings Call Transcript
I would say the other area that we are seeing significant potential opportunity is in security. And I will just expand on that for a minute. In that healthcare arena, we have discovered a distinct opportunity in a distinct vertical. Unlike a typical enterprise like a JPMC or a UBS or some of the big financials where hackers get into the system and potentially steal important data on a customer, in the healthcare arena if they hack into a network for a hospital or a healthcare company that has remote devices deployed like pain pumps or ventilators or things of that nature, the difference is if you hack into one of those and change the amount of drugs being dispensed into the individual you could actually kill someone.
So in recent times you had J&J come out and say that they don't have any way to secure their insulin pumps, and there has been some discussion with some of the big healthcare providers around even pacemakers. Basically every one of these devices today has an IP port. And thereby it is connected to your network via WiFi or some other avenue. You’re opening it up to be hacked or controlled or taken over by somebody, who does not have good thoughts in mind.
So what we did is we focused on that over the last 3 to 4 months and have taken NFV grid and developed Policy Management tools and other features that relate directly to this issue within healthcare. And we are active with several major healthcare organizations to begin our first trials and implement the product. But it is all going to be around protecting remote devices inside your network. It really revolves around our product’s ability to capture all packets and all data flows inside your network so that we can look for anomalies and find traffic anomalies, so that in other words let us say a printer shouldn’t be talking to a pain pump.
But as we have all seen people hack into company’s networks through HVAC systems, through printers, through literally dropping a phone drive outside, and someone picks it up, walks in and plugs it in, so it is not so much that we are trying to reinvent the wheel with competing with the Palo Altos of the world for external firewalls. Clearly we can't do that. What we have created is a platform around SDN and NFV that gives us capabilities that we haven't seen from other people and haven't seen it from any competition yet. And I think that is a tribute to our analytics, and our overall flexibility in our software defined networking platform.
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