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Array Networks to Invest $20m in Research Lab, Design in India

  • calendar 14-Mar-2019
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Array Networks to Invest $20m in Research Lab,   Design in India

Array Networks Inc, today announced that it is investing $20 million in India. The investment will be largely in setting up and running Array Center for Technology Innovation (ACTI) focused on product innovation and design center, as well as augmentation of highly skilled research and technical manpower. Array Networks aims to increase its manpower by 500% by the end of 2019. Fiscal 2018 saw a promising YoY growth of 40% in the India market. The major chunk of this impressive growth came from the government, BFSI, aviation, media and education verticals. With this investment Array Networks will 'Design in India' by developing innovative, cutting-edge technology solutions from India for all its global requirements Mr Michael Zhao, President and CEO of Array Networks was in New Delhi to make these announcements at a press conference. Exhibiting confidence in the Indian market and enthusiasm for the company's recent growth in the region, Mr Zhao said, "India is one of the fastest growing regions for Array Networks, and we are excited to see the growth momentum our India team has been able to achieve under the leadership of Shibu Paul. We are aiming to address larger and strategically important customers in the region and add to our skilled technical manpower to drive even more growth. The key to our continued success will remain in our ability to be nimble yet provide leading-edge technology solutions that truly benefit our customers."

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