Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Blogs First Read
    • Blogs
    • First Read

    A10 Networks Gets $115 Million in New Funding

    By
    Jeff Burt
    -
    October 4, 2013
    Share
    Facebook
    Twitter
    Linkedin

      A10 Networks, which makes application delivery controllers and other network-related products, will now have at least another $80 million at its disposal.

      A10 officials announced Oct. 3 that the 9-year-old company got the money through its latest round of funding, led by Summit Partners. In addition, the vendor received a $35 million revolving credit line gained though Bank of America Merrill Lynch, J.P. Morgan and RBC Capital Markets, ratcheting up the new money available to it to $115 million.

      The company will use the money to build out its product portfolio, according to founder and CEO Lee Chen.

      “With this investment, A10 will continue to extend its technology leadership and expand its market penetration with innovative solutions to help customers accelerate, optimize and secure Websites and applications,” Chen said in a statement.

      The company, with more than 500 employees, is based in San Jose, Calif., and has offices in more than 22 countries. A10 is still a private company, but officials said on its Website that the company is profitable and has shown consistent quarterly revenue growth.

      A10 sells a range of products that, together, address issues around networks, security and identity management, according to officials. The primary product line is the company’s AX Series application delivery controllers, designed to increase application availability. It’s a market that Gartner analysts expect to double to $2.9 billion within the next few years, and one that Dell’Oro Group analysts said in August will hit $2.3 billion by 2017.

      Revenues in the space this year should grow 5 percent over 2012 despite the slow start to the year, due in part to continued data center build-outs and consolidations, according to Dell’Oro.

      “The core market drivers … remain sound and we are only just beginning to see the positive impact of the public cloud on virtual ADCs,” Casey Quillin, senior analyst of data center appliance market research at Dell’Oro, said in a statement.

      For vendors like A10, F5 Networks, Riverbed Technology and Radware, Cisco Systems’ decision last year to exit the application delivery controller market has been a boon, Quillan said.

      “Cisco’s discontinuation of its ACE module has left quite a sizable hole in the market, and while filling it in with new vendors will take time, Citrix, F5, Radware, and A10 have all won deals addressing this opportunity,” he said.

      In May, A10 rolled out its Thunder Series platforms, which the company described as application delivery controllers that offer unified application service gateway functionality.

      Avatar
      Jeff Burt
      Jeffrey Burt has been with eWEEK since 2000, covering an array of areas that includes servers, networking, PCs, processors, converged infrastructure, unified communications and the Internet of things.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×