Aruba Networks enters multi-vendor network management business with agreement to acquire Airwave Wireless
(Business News, 29 Jan 2008 )
Aruba Networks has announced the execution of a definitive agreement to purchase AirWave Wireless, Inc. AirWave, a San Mateo, California-based company, is a provider of specialized tools to centrally manage large, multi- vendor wireless LAN, mesh, and WiMax networks. AirWave’s management software is used by hundreds of IT organizations, including many Fortune 500 companies spanning education, finance, government, healthcare, hospitality, technology, manufacturing, and retail markets. The acquisition will provide Aruba with best-in-class multi-vendor mobility management tools, as well as a vehicle for better supporting its expanding technology partner eco-system.
AirWave will operate as a business unit of Aruba, chartered to enhance the AirWave Wireless Management Suite software and maintain its position as one of the industry’s leading multi-vendor management solutions. Under the terms of the agreement, Aruba will acquire AirWave in exchange for total consideration of $37 million in stock and cash. The acquisition is expected to close in the third quarter of Aruba’s 2008 fiscal year and is subject to standard closing conditions.
