BFSI is the biggest revenue contributor for array networks

Array Networks 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.

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.