Sales Growth to Be Funded with IPO Proceeds and Internally Generated Funds

SALT LAKE CITY, May 14, 2025 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN), a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN"), today announced the launch of its VeloCloud Replacement Program, a strategic initiative designed to help enterprises seamlessly transition from legacy VeloCloud SD-WAN deployments to FatPipe's next-generation, high-performance, highly secure SD-WAN platform.

With the recent changes in the SD-WAN landscape and evolving enterprise networking requirements, many organizations are seeking more flexible, secure, and cost-effective alternatives to existing solutions. This conversion opportunity represents a strategic growth lever for FatPipe, targeting legacy SD-WAN deployments worldwide. As organizations reevaluate their infrastructure, FatPipe's program aims to expand its footprint in the SD-WAN market expected to surpass $7 billion by 2027. The program is designed to not only drive new customer acquisition but also enhance FatPipe's recurring revenue through managed services and long-term software licensing.

FatPipe's VeloCloud Replacement Program offers a compelling upgrade path, providing customers with:

• Zero-Cost Migration Assistance: A fully managed onboarding and transition plan, minimizing disruption to business operations.
  
  

• Trade-In Discounts: Special pricing and trade-in credits for existing VeloCloud hardware and licenses.
  
  

• Advanced SD-WAN Features: Superior application-aware routing, multi-line redundancy, edge security, and built-in single-stack cybersecurity.
  
  

• Multi-Cloud Connectivity: Native support for all major public cloud providers including AWS, Azure, and Google Cloud.
  
  

• Enhanced Security: Integrated firewall and cybersecurity, encryption, and compliance-ready architecture.
  
  

• Proven ROI: Reduced network costs and improved application performance.
  
  

• Managed and co-managed Network and cybersecurity monitoring.

"Our replacement program represents a significant market capture opportunity, aimed at converting a large installed base of first-generation SD-WAN users seeking modern, secure, and scalable alternatives," said Ms. Sanch Datta, President and CTO of FatPipe Inc. "We're making it easier than ever for enterprises to upgrade their WAN infrastructure with minimal disruption—backed by the advanced performance, security, and support they expect from an enterprise-grade solution."

This initiative supports FatPipe's post-IPO growth strategy, leveraging new go-to-market investments to accelerate sales in North America and Asia-Pacific. By executing on this targeted expansion plan, FatPipe aims to build momentum in key markets, strengthen partner engagement, and scale recurring revenue streams—positioning the company to deliver long-term value for customers and shareholders alike.