Tech Mahindra today announced the launch of SDN and NFV based solutions suite to address the ever changing network scenarios and demands in building the smart cities.

As per SDNCentral, global SDN-NFV spends is going to reach close to USD 35 billion in 2018 with a growth rate of more than 20% through 2018.

"We at Tech Mahindra, help accelerate SDN-NFV transformation of CSP networks through End to End vendor neutral solutions powered by in-house IPs, system integration, testing & managed services. Tech Mahindra's vEPC has a modular architecture making it flexible for adding new features & enhancements. This coupled with our strong services heritage will play a key role in circumventing higher up-front costs and any hardware related issues," said Ranganath Rajaiyengar, vice president-R&D services, Tech Mahindra.

Shares of the company gained Rs 8.45, or 0.29%, to trade at Rs 2,916.05. The total volume of shares traded was 30,397 at the BSE (12.22 p.m., Wednesday).