| H&Q Asia Pacific Sees Portfolio Company Array IPO in Taiwan Taipei, TAIWAN – June 24, 2010 – H&Q Asia Pacific (“H&QAP”) today witnessed the successful listing on the Taiwan OTC Exchange of portfolio company, Silicon Valley based Array Networks, a global leader in enterprise secure application delivery and universal access solutions. Array is the first foreign internet networking company to list in Taiwan (Taiwan OTC: 3664.TWO).
“Array’s success validates our firm’s investment strategy in identifying great technology companies worldwide and assisting them in migrating their technology and operations to the fast growing markets of Greater China. Today we congratulate Array and are proud of yet another portfolio company’s successful expansion in this region,” said Dr. Ta-lin Hsu, Chairman of H&QAP. In spite of the global financial crisis, Array experienced strong growth last year. This is in large part due to Array’s early expansion strategy into China, Japan and most recently India. Chief Executive Officer at Array Networks, Michael Zhao, said, “Array Networks is excited to be the first foreign company to list on the Taiwan GreTai exchange. We thank H&Q Asia Pacific for their vision and support which have helped to make Array a leader in the intelligent networking market in Asia. We will continue to innovate and deliver value to our investors.” “More than ever before, the dynamic business environment requires companies and investors to think innovatively and respond with agility. We are pleased to be at the forefront of identifying attractive alternative markets for our portfolio companies to go public and move to the next stage of their growth,” said Robert Shen, Chairman of Array Networks and Managing Director of H&QAP. Many of the world’s leading enterprises in the financial services, telecommunications, healthcare and government sectors have adopted Array solutions to help secure and optimize their global access and delivery application infrastructure. Today, Array solutions are serving thousands of terabytes of global secured data on a daily basis. Array’s SPX Series Universal Access Controllers provide high performance secure access with scalability, low latency and reliability. Array’s ADC Series Application Delivery Controllers improve the availability, security, and performance for enterprise applications and Web sites while reducing cost and complexity. In 2008 and 2009, Array was the market share leader for both ADC and SSL VPN in China, while maintaining solid leadership in many other global markets. Array has developed many innovative technology solutions such as DesktopDirect, SiteDirect, with SpeedStack, SpeedCore and PKI technologies that have been a driving force behind providing security, access control and performance for many enterprises and web sites.
About Array Networks Founded in 2000, Array Networks is a global leader in enterprise secure application delivery and universal access solutions for the rapidly growing SSL VPN and application delivery controller (ADC) markets. More than 3,000 customers worldwide – including enterprises, service providers, government and vertical organizations in healthcare, finance, insurance and education – rely on Array to provide anytime, anywhere secure and optimized access. Industry leaders including Deloitte, Red Herring, and Frost and Sullivan have recognized Array as a market and technology leader.
About H&Q Asia Pacific H&Q Asia Pacific (“H&QAP”) is a private equity firm that invests throughout the Asia Pacific region. Founded in 1985 by Dr. Ta-lin Hsu as a joint venture with Hambrecht & Quist Group, H&QAP is today an independent private equity firm that has managed total assets of $2.7 billion through offices in the Silicon Valley, Hong Kong, Manila, Seoul, Shanghai, Taipei, and Tokyo. H&QAP invests in a variety of sectors, including technology, manufacturing, branded consumer products, financial services, and media. For additional information, please contact Jarlon Tsang at jtsang@hqap.com or visit www.hqap.com.
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