Array Networks
Array Networks is an American networking hardware company. It sells network traffic encryption tools.[1]
Array Networks was founded in 2000 and is based in Milpitas, California.[2] Originally called ClickArray Networks, it was renamed Array Networks in 2001 by then-incoming CEO Don Massaro who said the longer name "sounded too dot-commy".[3] It received funding from the venture capital firm U.S. Venture Partners and the private equity firm H&Q Asia Pacific.[4]
On May 13, 2009,[1] Array Networks became the first non-Taiwan company to be listed on the Taiwan Stock Exchange.[5] The company sold 54 million shares that had a total value of about $79 million.[1] In 2009, 43% of the company's market share was in China, and its main product type sold there consisted of SSL VPN devices. It also had 200 employees in China, which CEO Michael Zhao said made China a "natural choice" for an IPO.[1] In comparison, the company had 70 employees in Silicon Valley.[4] But because China did not allow non-Chinese companies on their exchange, he narrowed the choices down to the NASDAQ and the Taiwan Stock Exchange. He chose the Taiwan Stock Exchange for two reasons: Array Networks had a strong business presence in Asia, and Taiwan Stock Exchange's listing fees were at least one third less than the NASDAQ's.[1]
In 2011, CRN Magazine noted that most of Array Networks' sales is from Asia and that the company is "particularly strong" in China, Japan, and India.[2]
References
- ^ a b c d e Buley, Taylor (2009-05-19). "Shunning NASDAQ". Forbes. Archived from the original on 2015-04-30. Retrieved 2015-04-30.
- ^ a b Berndtson, Chad. (2011-03-24). "Array Networks Looks To Build U.S. Presence Behind New Channel Program" (pages 1 and 2). CRN Magazine. Archived from the original (pages 1 and 2) on 2015-04-30. Retrieved 2015-04-30.
- ^ Delevett, Peter (2001-11-27). "San Jose Mercury News, Calif., Wiretap Column". San Jose Mercury News. Archived from the original on 2015-04-30. Retrieved 2015-04-30 – via HighBeam Research.
{{cite news}}: Unknown parameter|subscription=ignored (|url-access=suggested) (help) - ^ a b Harris, Scott Duke (2009-05-13). "Harris: Milpitas company offshores its IPO". San Jose Mercury News. Archived from the original on 2015-04-30. Retrieved 2015-04-30.
- ^ Austin, Scott (2009-07-23). "The Daily Start-Up: Sorting Through The Zappos Chatter". The Wall Street Journal. Archived from the original on 2015-05-01. Retrieved 2015-05-01.