- Stock Valuation and Financial Performance

Fatpipe Networks India was incorporated on December 24, 2002 as a private limited company with the name of Fatpipe Networks India. The company converted to public limited company with a name change as Fatpipe Networks India Limited with effect from September 6, 2008.

The company provides global corporations and government offices with technology that increases the security and reliability of wide area networks, corporate extranets, virtual private networks and all last-mile internet connections, including wireless connectivity. The company holds seven patents on a technology called “router-clustering,” which enables customers to obtain high-end redundant and fast internet/WAN access.

The company manufactures a range of appliances based on its technology for data transmission over multiple lines that provides high reliability and redundant internet/intranet access solution. Such a solution is provided by combining multiple lines up to two gigabits per second, (including any combination of DSL, cable modem, wireless, and OC3, T1 or DS3 connections) into one “Fatpipe” either with direct point-to-point, MPLS, frame relay or over the internet, without any cooperation from the internet service provider (ISP). The business continuity is assured because these aggregated multiple networks are load balanced, while automatic failover provides the assurance that the networks or VPNs remain functional at all times, even if the router, ISP or backbone failure occurs.

Fatpipe sells its products worldwide through a network of two authorized distributors and over 500 resellers. Fatpipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia.

The products of the company enable businesses to stabilize and fool-proof their wide area networks. In addition, companies can optimize data flow using Fatpipe compression and Quality of Service (QOS) technologies to maximize their network bandwidth, as well as provide the latency management needed for good quality VOIP calls. They can also enhance security of data by using Fatpipe’s MPSec and Fatpipe VPN to creatively distribute secured data traffic over public and private networks, thus making it near impossible for hackers to gain access to the data. In addition, Fatpipe’s spam control product, Spam Police, filters out undesirable email and reduces corporate productivity.

Its products:-The company offers a range of products based on its core multi-line data transmissions technology to provide highly reliable, redundant, optimized and secure internet/intranet access solutions. These are as follows:-

• Fatpipe MPVOIP
• Fatpipe Symphony
• Fatpipe IPVPN
• Fatpipe Multi-path VPN
• Fatpipe Warp
• Fatpipe Xtreme
• Fatpipe Kompressor
• Fatpipe QoS
• Fatpipe Spam Police
• Fatpipe Spam Police
• Fatpipe WAN Optimization.

History of the Company:-

• November 20, 1989 - Ragula Systems Development Company (RSDC) was incorporated in Salt Lake City, Utah.
• 1995 - RSDC ships its first product in high-speed networking space of 100 Mbps technology.
• 1996 - RSDC raises $1,000,000 in Series A financing round for marketing and new product development from Draper & Associates, Wasatch Ventures and UTFC. October 16, 1998 - RSDC announced the release of Fatpipe T1 bonds multiple T1 lines.
• March, 1999 - RSDC receives first trademark for “Fatpipe”.
• 1999 - RSDC d/b/a Fatpipe Networks ships first software product for small/medium businesses to combine multiple communication lines to achieve speed and reliability.
• January, 2000 - RSDC is the first company in the world to ship Fatpipe Xtreme to provide speed, reliability and redundancy to corporate customers.
• April 2001 - RSDC closes Preferred B Series financing round raising $8.1 million from venture capitalists and individual investors.
• September 25, 2001 - Patent No.6295276 registered by RSDC for MPVPN and WARP
• October, 2002 - RSDC closes Preferred C round of financing led by Spring Capital.
• December 10, 2002 - Patent No.6493341 registered by RSDC for MPVPN and WARP. It also released Fatpipe MPVPN
• 2004 - Fatpipe released Fatpipe IPVPN
• 2005 - Fatpipe released Fatpipe QOS
• Fatpipe released Fatpipe Kompressor
• 2007 - Fatpipe released Fatpipe MPVOIP
• 2008 - Fatpipe released Fatpipe Symphony.

Awards and Certifications:-

• 2000 - E-Business Forum 2000, Technology Managers Forum, corporate challenge awarded to Ragula Bhaskar
• 2001 - Salt Lake Chamber of Commerce’s Woman Innovator awarded to Sanchaita Datta. Utah Business Magazine’s Top 30 Female Business Women in the State of Utah Award, “30 Women to Watch,” was awarded to RSDC’s Chief Technology Officer, Sanchaita Datta.
• 2002 - DCED’s Award, “20 Hi-tech CEOs” – a listing of Utah’s top High-tech CEOs – was awarded to Fatpipe’s President and CEO, Ragula Bhaskar. RSDC listed as one of Top 20 Hi-tech companies by Utah Business Magazine. Tech Target Magazine’s Network Infrastructure Leadership Award, given to Fatpipe Network’s customer, SanDisk, for using Fatpipe MPVPN.
• 2003 - Mountain West Capital Network Utah 100 – listing of the fastest growing companies in Utah – ranked 17th. Stoel Rives, Utah Innovation Award, computer software & web services, Fatpipe MPVPN – Finalist.
• 2004 - Inc. 5000 – a listing of the America’s fastest growing private companies in 2004 – 189th and 10th fastest growing company of the 16 companies based in Utah.
• 2005 - Ernst & Young Entrepreneur of the Year, Utah Finalist, Fatpipe’s President and CEO, Ragula Bhaskar. Arizona Advantage Award, presented by the Governor of the State of Arizona. Mountain West Capital Network, Utah 100 – listing of the fastest growing companies in Utah – Ranked 23rd. Silicon India Magazine’s listing of the Top 100 Indian owned/founded technology companies in the US - RSDC selected by a panel of distinguished CEO’s, CIO’s and VCs as a “Front Runner'.