Array Wins 30 New BFSI Clients in Q1 FY 2015-16

Array Networks Inc., an application delivery networking company, reported 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, the company said, in a press release.

Their continuous efforts in BFSI vertical helped the company 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, the company elaborated.

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.”

“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.