HP is jumping head first into the field of network functions virtualization

Hewlett-Packard is plunging into the rapidly emerging field of network functions virtualization (NFV), announcing Monday an OpenNV program comprised of applications and services designed to virtualize core networks and network functions and allow telecommunications companies to more efficiently compete in the rapidly growing world of rich media. HP is also assigning high-level staff to lead its NFV business activity as part of its initiative to woo carriers that are desperate to lower costs, pick up the pace of innovation and ward off competition from so-called “over-the-top” players like Google and Skype, which are delivering new video and audio services and content to users via the Internet.