A10 Networks Readies $100M IPO
Application delivery controller manufacturer A10 Networks gave notice this week that it plans to go public soon with an initial public offering of $100 million. The S-1 form filed with the U.S. Securities and Exchange Commission did not disclose a target price or the number of shares it plans to sell. The company also disclosed that its revenue was $141.7 million in 2013, up 18 percent from 2012, while recording a loss of $27.1 million.
A10 has a growing base of solution provider partners who have been applauding the vendor's recent channel investments. That includes hiring Hewlett-Packard channel marketing executive Kirsten Lee as its first vice president of global channels.