Array Networks makes BFSI one of its major focus vertical, this focus spurs 50% of its revenues coming from BFSI vertical
BENGALURU, India – June 16, 2015 – Array Networks Inc., a global leader in application delivery networking, today reported a strong first quarter adding over 30 new BFSI customers, which contributed to more than one million dollars in terms of revenues in the first quarter of 2015-16. Array Networks currently derives 50% of its revenues from the BFSI sector followed by other key focus areas like Government, PSUs, Manufacturing and Service Providers.
Their continuous efforts in BFSI vertical helped them achieve one of their biggest banking orders worth approximately USD 750 K from a leading nationalized bank in South India. The banking sector has contributed significantly to their revenues quarter on quarter. Array Networks is also working with multiple applications vendors to create an innovative solution stack for optimized application and network services.
Mr Shibu Paul, Regional Sales Director – India, ME and SEA at Array Networks said, “We are pleased to serve one of the biggest banks in India with our core banking services including ADC, IPv6 and WAN Optimization. We want to reach out to more BFSI customers and further increase our revenues from this sector. We are excited to deliver our customized solution and believe that Array’s solutions will deliver the required business agility for them to grow.”
Banking technology is becoming more and more complex with the evolution of new products and addition of new applications. Banks are also expanding their branch networks to rural areas to meet the needs of the customers while considering security issues. To cater to these new challenges, Array Networks deploys networking products like WAN Optimization, ADC, Access gateways, and security solutions. These solutions help banks to serve their customers more efficiently and enable their ERP and other banking applications to run faster and more securely.
“We are expecting substantial innovations in the banking sector which would help banks to meet the demands of online and mobile banking services. To enhance the core banking services, we have deployed our WAN Optimization solutions in association with one of the largest application vendor in this space. Banks need to adopt new IT solutions to address the upcoming new challenges,” he added.
Array Networks enhances the availability, performance and security of banking applications with solutions like application load balancing, link load balancing, global server load balancing, IPv6 gateway, SSL accelerators, WAN accelerators and access gateways.
# # #
About Array Networks
Array Networks is a global leader in application delivery networking with over 5000 worldwide customer deployments. Powered by award-winning SpeedCore™ software, Array solutions are recognized by leading enterprise, service provider and public sector organizations for unmatched performance and total value of ownership. Array is headquartered in Silicon Valley, is backed by over 300 employees worldwide and is a profitable company with strong investors, management and revenue growth. Poised to capitalize on explosive growth in the areas of mobile and cloud computing, analysts and thought leaders including Deloitte, Red Herring and Frost & Sullivan have recognized Array Networks for its technical innovation, operational excellence and market opportunity. To learn more, visit www.arraynetworks.com