Array Networks Announces Infusion Of Operational Capital And New Management Support.Business Editors/High-Tech Writers CAMPBELL, Calif.--(BUSINESS WIRE)--June 4, 2003 New Investment Will Extend Company's 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 Traffic Management Sales and Marketing Efforts Across the Globe Array Networks, the pioneer in integrated web traffic management and SSL VPN solutions for global enterprises, today announced that it has secured additional financing from existing investor H&Q Asia Pacific ("HQAP"). HQAP, recognizing the growing demand for Array solutions not just at home but around the world, has committed additional funding to the company as it further expands its business throughout Asia and Europe. The Board has appointed Robert Shen Shen, in the Bible, place, perhaps close to Bethel, near which Samuel set up the stone Ebenezer. as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. to work closely with Founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. Lawrence Lu in managing operations and executing the company's global vision. "The dramatic rise of the SSL VPN industry in the US will soon be echoed throughout the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Array's newest release incorporating ArrayOS 6.0 not only offers enterprises a robust platform for secure, remote access to business-critical applications, it is poised to capture significant share of a global market that is now just emerging. We are committed to helping Array access these promising new markets through a powerful network in Asia that spans multiple decades and countries," said Dr. Ta-lin Hsu Dr. Ta-lin Hsu is Chairman and Founder of H&Q Asia Pacific, an Asian private equity firm. Dr. Hsu joined Hambrecht & Quist Group in 1985 as a General Partner and founded H&Q Asia Pacific in 1987 before its independent incorporation in 1990. , Chairman and Founder of HQAP. "Array Networks has a remarkable stable of products that is addressing serious business problems for companies and our goal is to ensure that these offerings reach the markets where they have the greatest potential. Enterprises around the world are rapidly becoming virtual corporations made up of hundreds if not thousands of remote workers and offices. Our latest SSL-VPN release is ideally suited to drive the cost and complexity out of secure remote networking for these organizations, regardless of where they are in the world," said Robert Shen, who brings 25 years of experience in the electronics industry to Array Networks, 15 of which were in executive roles. His prior experiences include CTO of Broadband Communications and General Manager of the Ethernet business for Lucent Microelectronics, Founder and CEO of Enable Semiconductor, and President of 8x8 Inc. "This new funding will enable Array to continue pioneering and selling the most innovative systems in the market based on our unique blend of integrated Layer 4-7 networking technology and industry-leading secure remote access capabilities. As platforms converge and remote access matures, our solutions are becoming increasingly relevant to enterprises of all sizes around the world. This latest financing round validates this trend," said Lawrence Lu. Founded in 2000, Array was one of the first companies to integrate stand-alone Web traffic management solutions to reduce the complexity, risk and cost of Internet delivery. The company then built enterprise network security solutions from its networking foundation. The current product suite includes: Array TM and TM-C (Web Traffic Managers) and Array SP and SP-C (SSL VPNs). Over the past two months Array announced the release of its latest version of the Array TM and the Array SP, highlighting the company's continued investment in product development and success at introducing innovative technology solutions. Release 5.4 of the TM includes important features, such as Inbound Link A link from another site to your site. Contrast with outbound link. Load Balancing, Application Proxy Load Balancing for Virus Scanning, and URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. Filtering to protect against attacks. Release 6.0 of the SP delivers secure, remote access to ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , Microsoft Exchange and other business-critical applications. Since it began shipping products in 2001 Array Networks has secured a loyal base of over 250 enterprise customers including Microsoft, JP Morgan Chase, The Limited Brands, Red Bull, nVidia, Allina Hospitals and Clinics, University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. and Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . The company operates out of offices in seven countries spanning the Americas, Europe and Asia. Through partner and distributor relationships with some of the world's most prominent and demanding technology companies, Array today sells its products in more than 22 countries. About H&Q Asia Pacific H&Q Asia Pacific is a leading global private equity firm with more than $1.6 billion under management. Founded in 1985, the firm invests in high-growth sectors within Asia and the U.S. through 17 funds, 10 offices and 45 investment professionals. Merging a global perspective with local market knowledge, experience and relationships, the firm has an uncompromising dedication to identifying superior potential and working with companies closely to unlock such potential. About Array Networks Array Networks is the pioneer in integrated web traffic management and SSL VPN solutions for global enterprises. Headquartered in Campbell, California with sales offices in the U.S., Europe, Asia Pacific and Latin America, Array Networks engineers and manufactures its products in the Silicon Valley and sells them through direct and indirect channels across the globe. For more information, visit www.arraynetworks.net or call (408) 874-2774. |
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