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As the first research and education network in Australia to offer members 40Gbps and 100Gbps services, the company has focused on building a gigabit network that is highly scalable and provides world-class services to Victorian research and education institutions.

VERNet is a licensed telecommunications carrier with a competitive advantage leading research and innovation in Australia. The network's fibre stretches from the East to the West of Victoria. In late 2013, VERNet provisioned services to Federation University Australia from Ballarat to Churchill by leveraging the existing regional fibre footprint and providing full diversity.

In 2014, VERNet will seek to interconnect the network with other higher education and health networks in Victoria in order to promote collaboration across the state to non-members who form part of the broader research and education sector.