Array Networks

Group Name: dunghill

Discovered:

Sector: Technology

Array Networks is an American networking hardware company. It sells network traffic encryption tools. Was founded in 2000 by Lawrence Lu and is based in Milpitas, California. It received funding from the venture capital firm U.S. Venture Partners and the private equity firm H&Q Asia Pacific. On May 13, 2009, Array Networks became the first non-Taiwan company to be listed on the Taiwan Stock Exchange. The company sold 54 million shares that had a total value of about $79 million. In 2009, 43% of the company's market share was in China, and its main product type sold there consisted of SSL VPN devices.