A10 Networks looks for a buyer

A10 Networks, a US-based supplier of cyber security solutions targeting networks and data centers, is exploring options that include a potential sale of the company, Reuters reported.
A10 Networks IPOMain rivals of A10 Networks include F5 Networks and Citrix Systems, as well as smaller peers, such as Radware.

A10 Networks’s exploration of a sale comes amid a shift to cloud computing that has caused many businesses to rent computing capacity from Amazon.com’s Amazon Web Services or Alphabet’s Google Cloud, rather than building out their own data centers. This is putting financial pressure on A10.

A10 Networks’s revenue fell 2.4 percent to $60.5 million in its third quarter that ended Sept. 30, compared with $62 million a year earlier. It reduced its net loss to $1.8 million or 2 cents a share, compared with a net loss of $2.25 million a year or 3 cents a share.

F5 Networks explored a sale two years ago after fielding takeover interest, though a deal never materialized.