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A10 Networks

A10 Networks, Inc. is an specializing in secure application delivery and cybersecurity solutions for on-premises, hybrid cloud, and edge-cloud environments. Founded in 2004 by Lee Chen, a former co-founder and vice president of engineering at Networks, the company is headquartered in , operates globally across 117 countries, and is publicly traded on the (NYSE: ATEN). A10 Networks serves over 7,000 customers as of September 2025, including nine of the top ten operators, eight of the top ten providers, and 21 of the top 50 companies, enabling secure and available digital experiences amid transitions to multi-, , and infrastructures. Its core offerings include application delivery controllers (ADCs) for load balancing and , advanced DDoS protection, web application firewalls, and API security platforms, all integrated with , , and /SecOps tools to simplify IT operations and protect against cyber threats. With over 300 patents and a focus on investment protection and future-proofing, A10 Networks supports enterprises, service providers, and government organizations in optimizing application performance, visibility, and centralized management.

Overview

Company profile

A10 Networks, Inc. was founded in 2004 by Lee Chen, a former co-founder and vice president of engineering at Foundry Networks. The company is headquartered in , and was initially incorporated in the state of in July 2004 before being reincorporated in the state of in March 2014. As of September 2025, A10 Networks serves over 7,000 customers across 117 countries, including nine of the top 10 operators and eight of the top 10 cloud providers worldwide. The company employs approximately 740 people as of October 2025 and holds over 300 patents related to its technology innovations as of December 2024. A10 Networks is publicly traded on the under the . Its market focus centers on providing secure application delivery and infrastructure solutions designed for on-premises, multi-cloud, and edge environments.

Mission and operations

A10 Networks' is to empower enterprises and providers to deliver secure, available, and efficient business-critical applications, enabling resilient experiences in the face of evolving threats and technological shifts such as , proliferation, and multi-cloud environments. This focus supports customers in achieving operational efficiency and innovation amid rapid . The company's operational scope centers on providing advanced solutions for application delivery, load balancing, and acceleration to optimize performance; bandwidth management through and traffic optimization; comprehensive cybersecurity measures including DDoS protection and firewalls; and IT automation leveraging for threat detection, , and simplified operations across hybrid and multi-cloud infrastructures. These capabilities address key challenges in ensuring application availability, scalability, and security for diverse workloads. A10 Networks serves a wide array of industries, including and service providers, cloud operators, , healthcare, and retail enterprises, where it helps mitigate risks and enhance performance for mission-critical systems. With a global footprint spanning 117 countries as of 2025, the company emphasizes support for hybrid cloud migrations and deployments to facilitate seamless connectivity and data processing at the network periphery. Demonstrating its commitment to innovation, A10 Networks holds over 300 patents in application delivery controllers, detection, and secure load balancing technologies, underscoring its leadership in developing cutting-edge networking and security solutions.

History

Founding and early development

A10 Networks was founded in 2004 by Lee Chen in . Chen, who had previously co-founded Foundry Networks and Centillion Networks, drew on his extensive experience in and to establish the company with a focus on innovative solutions for secure application delivery and . Initially, A10 targeted the market, introducing the ID Series of appliances designed for and rapid user identity resolution. These products enabled organizations to integrate seamlessly with existing directory services, such as and LDAP, to enforce policies and minimize security risks without disrupting network operations. In 2007, expanded its portfolio by launching the AX Series of application delivery controllers (ADCs), which provided load balancing, SSL offloading, and traffic acceleration, alongside the EX Series of bandwidth management appliances for optimizing resource allocation. These offerings addressed the growing needs of enterprises for efficient application in data centers. The company faced significant competition in the crowded ADC market from established players, which necessitated the development of its proprietary Advanced Core Operating System (ACOS) to leverage multi-core processors for superior hardware efficiency and scalability. This innovation helped A10 differentiate its products amid the mid-2000s surge in web traffic and data center expansion, driving early adoption through demand for reliable load balancing and optimization solutions.

Expansion and public offering

In the early 2010s, A10 Networks accelerated its growth by advancing its product portfolio, culminating in the launch of the Thunder Series platforms in May 2013. These platforms integrated application delivery controllers (ADCs), carrier-grade networking (CGN), and features into a unified architecture built on the company's Advanced Core Operating System (ACOS), enabling scalable performance for environments without per-instance licensing fees. The Thunder Series supported up to 64 instances per appliance and extended A10's offerings to entry-level and mid-range markets, building on the foundational AX and EX Series to address rising demands for application acceleration and network efficiency. That year, resolved a significant dispute with through a reached in May 2013, which included a $75 million and a license agreement extending through 2025. This resolution cleared ongoing claims related to A10's networking technology and allowed the company to refocus on expansion amid competitive pressures from established players like F5 Networks. A10 Networks went public on March 21, 2014, listing on the under the ticker after pricing its at $15 per share. The company sold 12.5 million shares, raising $187.5 million in gross proceeds, which provided capital for operational scaling and strategic initiatives. Following the IPO, A10 increased investments in research and development, allocating a portion of the net proceeds—estimated at $121.1 million after underwriting discounts—to enhance product features and expand into and markets. This included the January 2014 launch of its Threat Protection System (TPS) for , strengthening its security portfolio alongside ADC and CGN solutions optimized for hybrid deployments. Revenue grew steadily, from $141.7 million in 2013 to $179.5 million in 2014 and surpassing $200 million by 2016, reflecting a of 37% from 2010 to 2013 that continued into the mid-decade. Throughout this period, A10 faced intense competition from incumbents like Cisco Systems and F5 Networks, which dominated the application delivery and load balancing sectors with broader ecosystems. To differentiate, A10 emphasized cost-efficient, scalable hardware in its Thunder platforms, offering high throughput at lower compared to rivals' premium-priced solutions. This approach helped A10 capture market share in and segments amid challenges like patent litigation and rapid technological shifts toward cloud infrastructure.

Acquisitions and recent milestones

In 2016, A10 Networks acquired Appcito, a Santa Clara-based startup specializing in -based application delivery, for $6.5 million, enabling the company to expand into cloud-native application delivery controllers optimized for and PaaS environments. This move integrated Appcito's architecture into A10's platform, facilitating agile infrastructure for multi-cloud deployments starting later that year. A significant leadership transition occurred in 2019 when Dhrupad Trivedi was appointed as President and Chief Executive Officer, effective December 2, succeeding founder Lee Chen, who transitioned to Chairman of the Board. Trivedi's extensive experience in networking and cybersecurity from prior roles at and positioned A10 for accelerated growth in secure application services. In February 2025, Networks acquired the assets and key personnel of ThreatX Protect, a cloud-native and protection (WAAP) solution provider, to bolster its cybersecurity offerings against evolving threats to web applications and . The deal, which closed immediately and is expected to be modestly accretive to in 2025, enhanced 's Defend portfolio with AI-powered threat detection and mitigation capabilities. Later, in June 2025, partnered with to secure mission-critical generative AI workloads on , leveraging 's high-performance and advanced threat protection for AI-optimized infrastructure. On June 30, 2025, announced an expanded collaboration with Turkcell to accelerate , implementing carrier-grade networking, Gi-firewall capabilities, and integrated DDoS protection for a sustainable and secure ecosystem. Key financial milestones in 2025 included second-quarter revenue of $69.4 million, reflecting 15% year-over-year growth driven by demand in and multi-cloud solutions, and third-quarter revenue of $74.7 million, reflecting 11.9% year-over-year growth. As of September 30, 2025, the company maintained a strong liquidity position with $370.9 million in cash, cash equivalents, and marketable securities, supporting ongoing investments in innovation. Under Trivedi's leadership, A10 has strategically shifted toward AI-driven security solutions and infrastructure to address rising cyber threats, including sophisticated attacks on AI applications and high-bandwidth networks. This focus, evidenced by portfolio expansions like ThreatX integration and firewall advancements, aims to networks amid increasing adoption of generative and .

Products and services

Application delivery solutions

A10 Networks' Thunder serves as the core platform for application delivery, offering both appliances and virtual editions that enable server load balancing, SSL/TLS offload, and web acceleration. Built on the Advanced Core Operating System (ACOS), which provides a scalable, multi-core for efficient traffic processing, Thunder supports Layer 4-7 load balancing to distribute workloads across , ensuring and optimal resource utilization. SSL/TLS offload reduces the computational burden on backend by handling and decryption at the level, while web acceleration features like caching and optimization enhance response times for dynamic content delivery. Key capabilities of Thunder ADC include Global Server Load Balancing (GSLB) for directing traffic to the nearest or most available data centers across geographies, IPv6 migration support through dual-stack compatibility and (CGN) functionalities, and bandwidth optimization techniques that compress data and prioritize critical flows in data centers. These features facilitate seamless protocol transitions and efficient resource allocation, particularly in environments transitioning from IPv4 to infrastructures. ACOS enables linear , allowing the system to handle increasing traffic volumes without proportional hardware upgrades. The Thunder series represents an evolution from A10's earlier AX Series, shifting toward higher-performance designs with lower latency for modern application demands, incorporating advanced processing for faster packet handling and reduced overhead. In June 2025, A10 released the 6th-generation Thunder 7460S, offering throughput from 150 Gbps to 270 Gbps, advanced load balancing for AI-powered applications, TLS 1.3 support, and optimizations for and protocols. In practical deployments, Thunder ADC enhances performance for platforms by accelerating page loads during peak traffic and for portals by providing reliable access to internal resources. It also minimizes through customizable monitoring and proactive mechanisms that detect server issues in and redirect traffic accordingly. Thunder ADC integrates with software-defined networking (SDN) environments via the aXAPI REST-based for programmatic control and supports orchestration tools such as , , and through the Thunder Kubernetes Connector (TKC), enabling automated deployments in hybrid cloud setups. This compatibility allows for dynamic scaling and policy enforcement across on-premises and cloud infrastructures. Additionally, Thunder ADC incorporates extensions like basic , though advanced protections are covered in dedicated offerings.

Security and threat protection

A10 Networks provides advanced cybersecurity solutions focused on distributed denial-of-service (DDoS) mitigation and web application and API protection, leveraging artificial intelligence (AI) and machine learning (ML) to defend against evolving threats. The A10 Defend suite offers comprehensive DDoS protection through components like the DDoS Mitigator and Orchestrator, which employ AI-driven behavioral analysis to detect and mitigate volumetric attacks targeting networks and applications. This solution performs real-time traffic baselining and filtering to counter multi-vector DDoS assaults, including both network-layer and application-layer threats, ensuring service availability without dedicated hardware via a software-as-a-service (SaaS) model. In February 2025, A10 Networks acquired the assets and key personnel of ThreatX Protect, integrating it as ThreatX by A10 Networks to enhance runtime (WAF) and security capabilities. ThreatX delivers cloud-native and protection (WAAP) using ML-based threat detection, providing agentless deployment for immediate safeguarding of applications and APIs against sophisticated exploits. Key features of A10's security portfolio include bot management through intent-based to block malicious automated threats, signature-less detection via behavioral that identifies anomalies without relying on predefined rules, and seamless integration with (SIEM) systems for enhanced threat intelligence sharing. These capabilities also support zero-trust architectures by enforcing continuous verification and micro-segmentation to limit lateral movement in networks. A10's solutions address critical use cases such as defending against Top 10 vulnerabilities, including injection attacks and broken access controls, as well as ransomware propagation and -specific exploits like excessive data exposure in multi-cloud environments. For instance, ThreatX's behavioral risk scoring helps mitigate abuse in distributed setups across AWS, , and on-premises infrastructure, while A10 Defend counters -enabled DDoS campaigns that overwhelm resources. Performance is optimized for high-scale environments, with A10 Defend supporting up to 220 Gbps per and scalability to over 1 Tbps in clustered environments, along with low false positive rates through AI-driven analytics that adapt to traffic patterns in . These integrations briefly extend to application delivery controllers (ADCs) for layered secure .

Infrastructure and cloud offerings

A10 Networks provides a of and solutions designed to enable scalable, automated management across hybrid environments, including on-premises data centers, public , and edge deployments. These offerings focus on , for service providers, and virtualized application delivery to support modern workloads such as and . By integrating high-performance hardware and software, A10 ensures efficient resource utilization and seamless policy enforcement in dynamic . Central to these solutions is A10 Control, a centralized platform that automates the deployment and management of application delivery controllers (ADCs) and security policies across hybrid environments. It consolidates previous tools like the Harmony Controller and aGalaxy into a unified , offering real-time , , and multi-tenancy support for service providers. A10 Control enables operators to monitor and adjust resources dynamically, reducing operational complexity in distributed setups. For carrier-grade networking, A10's Thunder CGN delivers high-performance IPv4 preservation through Carrier-Grade (CGNAT), along with subscriber management features tailored for operators. This solution addresses by enabling large-scale NAT and protocol translation, facilitating smooth transitions to while supporting millions of concurrent sessions with low latency. Thunder CGN integrates logging, billing, and policy enforcement to optimize networks. A10's cloud editions, powered by vThunder, provide virtualized ADC instances deployable on platforms like AWS, , and environments. These editions support elastic scaling for cloud-native applications, including edge computing and connectivity, where low-latency delivery is critical. vThunder offers pay-as-you-go licensing and seamless integration with cloud orchestration tools, allowing organizations to extend on-premises capabilities to public and private clouds without performance trade-offs. Automation is embedded throughout these offerings via RESTful APIs (aXAPI) and integrations with tools like , enabling programmatic configuration and workflows. A10 Control further incorporates machine learning-based operational insights to predict performance issues and optimize , enhancing IT efficiency in multi-vendor environments. These features allow for automated provisioning, monitoring, and troubleshooting across hybrid infrastructures. Key use cases include simplifying multi-cloud migrations by orchestrating policies and workloads across AWS, , and on-premises setups with vThunder and A10 Control. In , Thunder CGN and edge deployments support core network scaling, handling massive subscriber growth and adoption. Additionally, these solutions facilitate edge security orchestration for and , ensuring reliable connectivity and threat mitigation at distributed points.

Leadership and corporate structure

Executive leadership

A10 Networks' executive leadership, led by President and Chief Executive Officer Dhrupad Trivedi since December 2019, oversees the company's strategic direction in application delivery and cybersecurity solutions. Trivedi succeeded founder Lee Chen, who assisted in the leadership transition following his departure as CEO. Trivedi holds a Ph.D. in from the and an MBA from , with prior experience as Executive Vice President at , where he managed global operations and corporate development. Sheen Khoury serves as Executive Vice President of Worldwide Sales and Marketing, appointed in June 2025. With over 30 years of sales leadership experience, Khoury previously held senior roles at (HPE), focusing on enterprise sales strategies; he is a graduate of . Michelle Caron joined as on September 24, 2025. A with an MBA from , Caron brings more than 20 years of finance leadership, most recently as Vice President of Finance and CFO at Life Sciences, overseeing financial planning and operations. Key supporting executives include Mikko Disini, of Product Line Management, who leads product strategy and previously served as Senior at Citrix, with a B.S. and M.Eng. in from . Aris Wong, of Worldwide since March 2011, directs global engineering efforts and holds 23 patents; he earned a B.Eng. in Electrical and from the and previously worked in senior engineering roles at Systems, Networks, , and F5 Networks. Scott Weber has been and Corporate Secretary since June 2022, with over 30 years of legal experience, including a J.D. from and a B.A. from . The executive team combines long-tenured networking veterans, such as and Disini, with recent hires like Khoury and to drive growth in sales and financial operations.

Board of directors

A10 Networks' consists of five members, with four directors, ensuring a of oversight in line with NYSE listing standards for companies. The board is declassified, meaning all directors are elected annually by shareholders. It also conducts annual advisory votes on , known as say-on-pay, with the 2024 vote receiving 97% approval. The board includes Dhrupad Trivedi, who serves as President, CEO, and Chairperson, providing executive leadership overlap. The independent directors are , serving as Lead Independent Director with expertise in and ; Tor R. Braham, an and Audit Committee Chair with a background in ; Peter Y. Chung, an and Compensation Committee Chair specializing in private equity and communications ; and Dana Wolf, an with experience in cybersecurity and cloud-based businesses. Key governance practices include standing committees for , compensation, and nominations and , which oversee financial , pay, and director nominations, respectively. The , chaired by Tor R. Braham and comprising Peter Y. Chung and , all independent, focuses on financial oversight; the Compensation Committee, chaired by Peter Y. Chung with and Dana Wolf, handles incentive alignment; and the Nominating and Committee, chaired by with Peter Y. Chung, ensures board composition and ethical standards. Additional practices encompass Guidelines, a Code of Business Conduct and Ethics, and ESG policies to promote accountability. The board's diversified expertise in cybersecurity, , , and M&A supports strategic oversight, including the approval of key acquisitions such as the February 2025 purchase of ThreatX Protect to enhance and security capabilities. It also monitors financial health and to align with the company's growth in application delivery and threat protection.

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