San Jose, California, November 15, 2012 -- A10 Networks™, the technology leader in Application Networking, today announced it ranked number 4 for Communications/Networking companies on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. A10 ranked number 37 overall and grew 3,985 percent during the period from 2007 to 2011.
Lee Chen, Founder and CEO for A10 Networks, said, "I am extremely proud of the A10 Team for receiving Deloitte's prestigious Technology Fast 500™ award. In addition, we had a record setting Q3 2012 including a major new reseller partnership and I am optimistic about the tremendous opportunity in front of us. We have doubled our workforce to over 500 employees in the last 14 months to support our rapidly growing worldwide customer base and expanding Application Networking market opportunities."
A10 closed a record quarter on September 30, 2012 with over $30 million in revenue from its flagship AX Series Application Delivery Controller (ADC) platforms. With its record-setting quarter, A10 now exceeds a $120 million annual run rate, supported by offices in 22 countries and over 2,200 customers in over 45 countries.
A10's Service Provider market strength increased significantly in Q3 with notable wins. Among these, the world's leading provider of telecommunications equipment technology and services selected A10 as a global partner, and has finalized a global reseller agreement whereby the AX Series is formally certified and chosen as the official IPv6 migration solution of choice for its global base of telecom operator customers.
In addition, A10 recently won its third consecutive Inc. 500 award, and was once again noted as the fastest growing private Computer Hardware company in North America for the second year in a row.
Last month, A10 unveiled new models within its AX Series family, which showcased a number of industry innovations.
A10 Networks was founded in Q4 2004 with a mission to provide innovative networking and security solutions. A10 Networks makes high-performance products that help organizations accelerate, optimize and secure their applications. A10 Networks is headquartered in Silicon Valley with offices in the United States, United Kingdom, France, The Netherlands, Germany, Spain, Brazil, Japan, China, Korea, Taiwan, Hong Kong, Malaysia, Australia and Singapore. For more information, visit: http://www.a10networks.com
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.