Array Completes Initial Public Offering in Taiwan.Array is the First Foreign Company Listed on Taiwan Emerging Stock Market MILPITAS, Calif. -- Silicon Valley based Array Networks, a global leader in enterprise secure application delivery and universal access solutions, announced today that it has completed the listing process with the Taiwan (GreTai) Emerging Stock Market. Array will be traded under the ticker symbol: 3664. The lead investment bank for the transaction is ChinaTrust. Array is the first foreign company to be listed under a policy passed by Taiwan in 2008 to encourage "foreign businesses" to list in Taiwan. The goal of the plan is to help facilitate the synchronization of these "foreign businesses" with Taiwan's capital markets to fulfill the local investors' diversified needs. "It is very exciting for Array to qualify as the first foreign company to be listed in Taiwan," said Michael Zhao, Chief Executive Officer at Array Networks. "We are pleased that investors in Taiwan have recognized our strong global growth and profitable earnings. Our company would not have achieved this milestone without the full support and innovation of Array's employees, partners, customers and investors." "The Taiwan Stock Markets provide a great alternative platform and cost effective opportunity for profitable emerging technology companies, like Array Networks, to raise capital," said Robert Shen Shen, in the Bible, place, perhaps close to Bethel, near which Samuel set up the stone Ebenezer. , Chairman of Array Networks and Managing Director of H&Q Asia Pacific. "We are pleased to observe this exciting and promising new trend in Taiwan to open up its financial markets to foreign companies," said Dr. Ta-lin Hsu, Chairman of H&Q Asia Pacific. "The timing of Taiwan's move towards liberalizing its capital markets is especially welcomed by foreign investors and the private equity community in light of the relatively illiquid Illiquid An asset or security that cannot be converted into cash very quickly (or near prevailing market prices). Notes: A house is a good example of an illiquid asset. See also: Cash, Liquidity Illiquid In the context of finance. global IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. market. As a lead investor in Array Networks, H&Q Asia Pacific is pleased to be at the forefront of this trend." Many of the world's leading enterprises in the financial services, telecommunications, healthcare and government sectors have adopted Array solutions to help secure and optimize their global access and delivery application infrastructure. Today, Array solutions are serving thousands of terabytes of global secured data on a daily basis. Array's SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. Series Universal Access Controllers (UAC (User Account Control) The management of user accounts in Windows Vista. Because malware has greater control of the computer when it is running in administrator mode, UAC was designed to enable more users to run their computers as a standard user rather than as ) provide high performance secure access with scalability, low latency and reliability. Array's APV APV See: Adjusted Present Value Series Application Delivery Controllers (ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. ) improve the availability, security, and performance for enterprise applications and Web sites while reducing cost and complexity. Array is the number one market share leader in China in 2008 and has solid leadership in many other global markets. Array has developed many innovative technology solutions such as DesktopDirect, SiteDirect, SpeedStack and SpeedCore that have been a driving force behind providing security, access control and performance for many enterprises and web sites. About Array Networks Founded in 2000, Array Networks is a global leader in enterprise secure application delivery and universal access solutions for rapidly growing SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. and application acceleration markets. More than 3,000 customers worldwide - including enterprises, service providers, government and vertical organizations in healthcare, finance, insurance and education - rely on Array to provide anytime, anywhere secure and optimized access. Industry leaders including Deloitte, Red Herring, and Frost and Sullivan have recognized Array as a market and technology leader. About H&Q Asia Pacific H&Q Asia Pacific ("H&QAP QAP Quality Assurance Program QAP Quadratic Assignment Problem QAP Quality Assurance Plan QAP Quality Assurance Procedure QAP Quality Assurance Personnel QAP Quality Assurance Provision QAP QoS Access Point QAP Queue Adjustment Policy ") is a premier private equity firm that invests throughout the Asia Pacific region. Founded in 1985 by Dr. Ta-lin Hsu as a joint venture with Hambrecht & Quist Group, H&QAP is today an independent private equity firm that has managed total assets of $2.6 billion through offices in the Silicon Valley, Hong Kong, Manila, Seoul, Shanghai, Taipei, and Tokyo. H&QAP invests in a variety of sectors, including technology, manufacturing, branded consumer products, financial services, media and real estate. For additional information, please contact Jarlon Tsang, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , at jtsang@hqap.com or visit www.hqap.com. |
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