Array Networks Scores $12.5M

CAMPBELL, Calif. -- Array Networks, The Web Traffic Company(TM), announced today that it has received $12.5 million in its second round of institutional funding, bringing the company's total private equity investment to$43.6 million. US Venture Partners (USVP) and H&Q Asia Pacific participated in the funding. Both blue-chip investors participated in Array's previous round of venture financing. The company expects to achieve profitability in 2003 due to the continued strong sales of its Application Networking Architecture (ANA) product families. The company will use this investment to expand worldwide sales and marketing and accelerate development of new Web optimization devices. Array Networks' products include the Array SP series of secure Web traffic management solutions, the Array TM series of multi-function Web traffic management platforms and the forthcoming Array SR Web traffic analyzer. Over 250 customers and partners, including Microsoft, Hitachi, NEC, Harris, nVidia, Texas Health Resources and ChinaCache have deployed Array products since its first customer ship in fall 2001. "This latest financing round from blue-chip investors validates the viability of our approach to delivering secure Web traffic management platforms that provide a compelling alternative to load balancers, caches, SSL accelerators, VPNs, and other standalone networking devices," said Donald J. Massaro, President and CEO of Array Networks. "This investment funds our plans to build our leadership in the growing market for Web optimization infrastructure, develop innovative new products and achieve profitability in 2003." Array Networks Inc.