November 23, 2018 / 3:17 PM / 22 days ago

EXCLUSIVE-A10 Networks explores potential sale - sources

Nov 23 (Reuters) - A10 Networks Inc, a U.S. technology company whose software and hardware help keep networks and data centers secure, is exploring options that include a potential sale of the company, people familiar with the matter said on Friday.

The move comes four years after A10 became publicly traded. The company’s shares have dropped more than 60 percent since then amid strong competition from large rivals, such as F5 Networks Inc and Citrix Systems Inc, as well as smaller peers, such as Radware Ltd.

A10’s sale deliberations are at an early stage, and there is no certainty that a deal will be reached, the sources said, asking not to be identified because the matter is confidential.

A10 did not respond to a request for comment. (Reporting by Liana B. Baker in New York; additional reporting by Stephen Nellis in San Franciscos; editing by Jonathan Oatis)

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