$6.5 million gives the application delivery controller appliance vendor a cloud business unit.

Mitch Wagner, Executive Editor, Light Reading

July 29, 2016

1 Min Read
A10 Discloses $6.5M Appcito Purchase Price

A10 Networks is paying just $6.5 million for Appcito, the cloud business that will complement A10's existing application delivery controller appliance line. (See A10 Buys Appcito for Hybrid Cloud Muscle.)

A10 Networks Inc. revealed the purchase price on its earnings call Thursday, saying the expenditure won't change A10's previously stated goal to achieve profitability by the end of the year.

A10 reported $57.1 million revenue for the second quarter ending June 30, up 20% year-over-year, with a net loss (excluding one-time costs) of $1.1 million, or $0.02 per share, compared with a loss of $5.3 million, or $0.09 per share, in the year-ago quarter. (See A10 Reports $57.1M 2Q Revenue.)

A10 announced the Appcito acquisition this week. Its 31 employees will join A10's 860 people, and former Appcito CEO Kamal Anand joins A10 as VP and GM of the cloud business unit, effective when A10 closed the acquisition June 23.

A10's stock price was flat after hours late Thursday at $7.56.

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— Mitch Wagner, Follow me on TwitterVisit my LinkedIn profile, Editor, Light Reading Enterprise Cloud

About the Author(s)

Mitch Wagner

Executive Editor, Light Reading

San Diego-based Mitch Wagner is many things. As well as being "our guy" on the West Coast (of the US, not Scotland, or anywhere else with indifferent meteorological conditions), he's a husband (to his wife), dissatisfied Democrat, American (so he could be President some day), nonobservant Jew, and science fiction fan. Not necessarily in that order.

He's also one half of a special duo, along with Minnie, who is the co-habitor of the West Coast Bureau and Light Reading's primary chewer of sticks, though she is not the only one on the team who regularly munches on bark.

Wagner, whose previous positions include Editor-in-Chief at Internet Evolution and Executive Editor at InformationWeek, will be responsible for tracking and reporting on developments in Silicon Valley and other US West Coast hotspots of communications technology innovation.

Beats: Software-defined networking (SDN), network functions virtualization (NFV), IP networking, and colored foods (such as 'green rice').

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