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On Tue, 16 Jul, 4:03 PM UTC
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[1]
Aryaka Prepares for Substantial Growth, Hires Top Industry Executives to Round Out Leadership Team Following Landmark Year | Taiwan News | Jul. 16, 2024 21:00
SANTA CLARA, Calif., July 16, 2024 /PRNewswire/ -- Aryaka®, the leader in and first to deliver Unified SASE as a Service, today announced the strategic addition of four industry veterans to its leadership team. The executive appointments are Justin Lim as Vice President of Customer Success, Aditya Sood as Vice President of Security Engineering and AI Strategy, Louise Crawford as Senior Director of Growth Marketing and Naveen Maveli as Vice President of Engineering. These appointments position Aryaka to capitalize on the rapidly expanding Unified SASE as a Service market opportunity and fuel the company for its next stage of growth. "The additions of Justin, Aditya, Louise and Naveen give Aryaka a tremendous boost following a year of incredible success, where we saw new bookings increase by 34% year-over-year and security product bookings increase by 80%," said Shailesh Shukla, CEO at Aryaka. "These executives all have experience at leading technology companies and have proven they can excel consistently in high-growth environments. This will be instrumental in maximizing our capabilities and ultimately propelling Aryaka to the next level." New Leadership Appointments Justin Lim, Vice President of Customer Success: Lim joins Aryaka from Wiz and Netskope, bringing several years of experience in building and scaling high-performing customer success teams. He has experience working both within early-stage start-ups and large public companies. At Aryaka, he will be responsible for ensuring exceptional customer experiences and driving long-term customer value. "I'm thrilled to join Aryaka, especially at this time when the team and business are growing rapidly and delivering a truly unique offering to customers," said Lim. "I look forward to contributing to the company's overall success and mission of providing industry-leading customer experiences." Aditya Sood, Vice President of Security Engineering and AI Strategy: Sood, a noted security practitioner, joins Aryaka from F5, Symantec, and Bluecoat. He will lead Aryaka's security engineering efforts and play a key role in developing the company's AI strategy. "The security landscape is constantly evolving, and Aryaka is at the forefront of innovation in network security with its Unified SASE as a Service and Aryaka AI>Perform offerings," said Sood. "I'm excited to leverage my expertise to further strengthen Aryaka's security posture and drive the development of AI-powered security solutions." Louise Crawford, Senior Director of Growth Marketing: Crawford comes to Aryaka from Silver Peak and Tata Communications, where she spearheaded successful growth marketing initiatives. She will be responsible for developing and helping execute Aryaka's global growth marketing strategy. "With dedicated team and cutting-edge technology, Aryaka has a unique opportunity to further redefine the future of secure networking," said Crawford. "I'm eager to develop and execute a growth marketing strategy that will catapult Aryaka to even greater heights." Naveen Maveli, Vice President of Engineering: Maveli rejoins Aryaka after a stint at Meta, bringing his leadership and technical expertise back to the company. He will oversee Aryaka's engineering team, driving innovation and product development for the company's Unified SASE as a Service platform. "Aryaka is a company with a strong sense of purpose and a commitment to excellence across the entire organization," said Maveli. "I'm honored to return and lead this expanding engineering team as we continue to develop groundbreaking solutions that drive success for our customers." Additional Resources: For more on Aryaka, please visit: https://www.aryaka.com/ Visit the Aryaka blog: https://www.aryaka.com/blog/ Follow Aryaka on X: @AryakaNetworks Visit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/ About Aryaka Aryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without tradeoffs. Aryaka meets customers where they are on their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka's flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com. Technology Media/Analyst Contact Lee Regal Lumina Communications for Aryaka [email protected] Channel Media/Analyst Contact Khali Henderson Senior Partner BuzzTheory (for Aryaka) [email protected] 480.848.6726
[2]
Aryaka Closes Fiscal Year '24 Strong - with New Bookings Up 34% YoY and Security Solution Sales up 80% | Taiwan News | Jul. 16, 2024 21:02
Growth fueled by launch of Unified SASE as a Service, marquee customer wins and key executive appointments SANTA CLARA, Calif., July 16, 2024 /PRNewswire/ -- Aryaka®, the leader in and first to deliver Unified SASE as a Service, today announced its fiscal year 2024 (July to June) results, a landmark year for the company, punctuated by a 34% increase in new bookings year-over-year and an 80% increase in security product bookings, as well as adding dozens of new enterprise customers. This strong performance reflects the industry's growing need for secure and agile networking solutions, which Aryaka continues to address through its innovative offerings, such as its Unified SASE as a Service and Aryaka AI>Perform GenAI network acceleration solution. Building on this foundation, the addition of CEO Shailesh Shukla and other key executive appointments during the year were instrumental in driving Aryaka's vision and its successful execution. "Between new offerings, customer wins, and executive appointments with a proven track record of success, 2024 was a groundbreaking year for Aryaka. However, we've only scratched the surface of our capabilities," said Shukla. "We've differentiated ourselves in the market with our Unified SASE as a Service offering, and we're fully invested in continuing to deliver unmatched networking, security and observability services to our customers. The recent launch of Aryaka AI>Perform is an example of our leading innovation that will allow customers to maximize the benefits of AI as they begin to integrate AI and GenAI applications into their global businesses. With additional pillars of our AI>Initiative set to roll out later this year, as well as more improvements and functionality in our core service offerings, we're well-positioned to maintain strong momentum as we kick off fiscal year 2025." Marquee Customer Wins and Growing Opportunity As part of the company's fiscal year '24, Aryaka secured marquee customer wins globally, including Cathay Pacific Airways, American Woodmark Corporation and SEG Automotive. New customer wins contributed over $30 million in contract value to Aryaka. According to investment bank Jeffries, the broad market for SASE is expected to grow at a compound annual growth rate of 20% over the next 3 years and reach over $26 billion. With over 500 existing enterprise customers, more than $100 million in ARR and deployments in over 100 countries, Aryaka Unified SASE as a Service is well positioned for continued customer acquisition and revenue growth in its fiscal year '25 and beyond. Partner-led Growth The Aryaka Accelerate Global Partner Program was once again critical to the company's overall success. Partners increased sales of Aryaka solutions by 26% fiscal year over year, accounting for two-thirds of new logo wins, including the largest new customer transaction in company history. "Aryaka is a channel-first company, and these results demonstrate our unwavering commitment to the channel and the tremendous value that our partners deliver to both Aryaka and our shared customers. The channel results also underscore the critical role partners will continue to play in our growth in fiscal '25 and beyond," Shukla said. Investing in Innovation: Product, People and Go to Market "It's our time," Shukla added, echoing the theme of the company's Global Sales Kick-off in Jacksonville Florida. "To take advantage of this opportunity, we will be making significant additional investments in product, people, go-to-market programs, customer success and partnerships throughout our new fiscal year." Launched in March of this year, Aryaka Unified SASE as a Service became the first service of its kind, delivering performance, agility, simplicity and security without tradeoffs. Combining a unified single-pass architecture and global private network backbone, Aryaka Unified SASE as a Service offers a comprehensive network security solution, including security, observability, and application performance capabilities, all in a single platform delivered as a service. It's the only solution that meets customers where they are, enabling them to modernize, optimize and transform their networking and security environments today and in the future. Delivered natively on Aryaka Unified SASE as a Service, Aryaka introduced Aryaka AI>™Perform in June. Another first-in-market offering, Aryaka AI>Perform is a GenAI network acceleration capability that helps businesses ensure reliable, high-performance access to Gen AI applications across their global networks. This release is the first offering from the new Aryaka AI>Initiative, which is continuing development and expecting additional releases throughout the coming fiscal year. To support the new offerings and in response to customer demand, Aryaka further invested in the company's existing infrastructure to ensure secure network performance across an expanded global footprint and to better serve growing markets. This investment was highlighted by the launches of an Aryaka Point of Presence (PoP) in Stockholm, Sweden, in January and Madrid, Spain, in May. Additionally, Aryaka launched PoPs in Denver, Colorado, and Atlanta, Georgia. Shailesh Shukla, formerly of Google Cloud and Cisco, who was named CEO and Executive Chairman in February, oversaw the launches of Aryaka Unified SASE as a Service and Aryaka AI> Perform. Following his appointment, Aryaka bolstered its leadership team further with three additional executives in April: Pam Holmberg, Chief People Officer; Farzad Tari, Senior Vice President of Corporate and Business Development and Ken Rutsky, Chief Marketing Officer. Also today, Aryaka announced the additions of Justin Lim, previously from Wiz and Netskope, as Vice President of Customer Success; noted security practitioner Aditya Sood from F5, Symantec and Bluecoat as Vice President of Security Engineering and AI Strategy; Louise Crawford as Senior Director of Growth Marketing from Silver Peak and Tata Communications and welcomed back Naveen Maveli as Vice President of Engineering. Maveli returned to the team after a stint at Meta. Shukla concluded, "In response to the market opportunity we see in front of us, we're excited and optimistic about capturing a growing share of the exploding SASE market with our Unified SASE as a Service offering. We've got the product and the team both built for success." About Aryaka Aryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without tradeoffs. Aryaka meets customers where they are on their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka's flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com. Technology Media/Analyst Contact Lee Regal Lumina Communications for Aryaka [email protected] Channel Media/Analyst Contact Khali Henderson Senior Partner BuzzTheory (for Aryaka) [email protected] 480.848.6726
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Taiwan's semiconductor industry experiences a downturn due to global economic challenges. TSMC and other chip manufacturers report decreased revenue and reduced capital expenditure plans for 2023.
Taiwan's semiconductor industry, a cornerstone of the global tech supply chain, is grappling with significant challenges as the world economy slows down. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, has reported a substantial decline in revenue, signaling broader issues within the sector 1.
TSMC announced a 13.5% year-on-year decrease in revenue for the first half of 2023, amounting to NT$908.65 billion (US$29.38 billion). This downturn marks the company's first revenue drop in four years, highlighting the severity of the current market conditions 1.
The slowdown is not limited to TSMC alone. Other major players in Taiwan's semiconductor industry are also feeling the pinch. United Microelectronics Corp. (UMC) reported a 23.5% year-on-year decline in revenue for the first half of 2023, while Vanguard International Semiconductor Corp. saw a 22.4% decrease 1.
Several factors have contributed to this industry-wide slump:
In response to these challenges, semiconductor companies are adjusting their strategies. TSMC has announced a reduction in its capital expenditure for 2023, lowering it to US$32 billion from the previously planned US$36.3 billion 2.
The semiconductor industry's performance has a significant impact on Taiwan's overall economic health. The industry accounts for a substantial portion of the country's exports and GDP. The current downturn has led to concerns about potential ripple effects on Taiwan's broader economy 1.
Despite the current challenges, industry experts remain cautiously optimistic about the long-term prospects of Taiwan's semiconductor sector. The increasing demand for advanced chips in emerging technologies such as artificial intelligence, 5G, and autonomous vehicles is expected to drive growth in the coming years 2.
Taiwan's government has pledged support for the semiconductor industry, recognizing its strategic importance. The industry's track record of innovation and adaptability is seen as a key factor in navigating the current downturn and emerging stronger in the future 1 2.
Reference
Aryaka introduces AI>Observe for real-time threat detection and network visibility, along with new pricing models to simplify adoption of its Unified SASE as a Service solution.
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Arista Networks expands its CloudVision platform, offering improved network management capabilities for enterprise customers. The update focuses on delivering a modern network operating model across various enterprise environments.
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Taiwan's Hsinchu Science Park reports unprecedented revenue growth in 2023, driven by AI and high-performance computing. The park's success highlights Taiwan's crucial role in the global semiconductor industry.
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Arlo Technologies, a leading smart home security brand, has surpassed 4 million paid subscription accounts. This achievement highlights the company's growth and the increasing demand for smart home security solutions.
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CyberArk Software Ltd. has announced its second quarter 2024 financial results, surpassing analyst expectations with impressive revenue growth and non-GAAP earnings per share.
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