Every day our world becomes increasingly connected. And as the Internet of Everything (IoE) continues to develop, service providers who provide us with video, voice, and data services are faced with managing explosive growth of demand on their network, including the number of applications and platforms needed to improve the way we live, learn, work and play.
All of this makes networks more complex and expensive to manage. At the same time, increased competition is driving service providers to introduce new services more rapidly. While Network Function Virtualization (NFV) and network programmability both help improve scale and functionality of networks for service providers, they do not solve the bottleneck caused by operational complexity.
That is why today, I am pleased to announce our intent to acquire Tail-f Systems, a leading provider of multi-vendor network orchestration solutions for traditional and virtual networks. Tail-f will help achieve our goal of aiding customers in their quest to simplify and automate network management, enabling service innovation and deployment acceleration. The acquisition of Tail-f accelerates Cisco's cloud virtualization strategy of delivering software that increases value to our customers' applications and services, while supporting Cisco's long-standing commitment to open standards, architectures, and multi-vendor environments.
Tail-f's innovative and talented team is also the thought leader around the development and implementation of the NETCONF protocol and YANG data modeling language, which is the leading industry approach to simplifying and automating networks. Tail-f also has an amazing team of talented engineers. Tail-f's talent and technology, when added to our existing offerings, will enhance how Cisco addresses network orchestration and will help simplify and automate how physical and virtual networks are both provisioned and managed.
We couldn't be more excited about the opportunity to continue driving leadership in cloud virtualization and orchestration with the addition of Tail-f. Stay tuned for more details in the weeks and months to come. And welcome Tail-f!