Aruba Buying Airwave

Aruba Networks Inc. (Nasdaq: ARUN) has agreed to acquire Airwave Wireless Inc., a San Mateo, Calif.-based provider of WLAN management software for configurable networks. The deal is valued at $37 million in cash and stock. Airwave had raised VC funding from Ignition Partners, Idealab and Westbury Equity Partners.

 

PRESS RELEASE

AirWave Wireless (www.airwave.com), a leader in wireless network management and security, today announced it has signed an agreement to merge with Aruba Networks, Inc. (NASDAQ: ARUN), a global leader in user-centric networks and secure mobility solutions. Upon completion of the transaction, AirWave employees will continue to develop and support the AirWave software products as a business unit of Aruba based in San Mateo, CA. The merger provides AirWave with access to new resources which will drive accelerated development of the award-winning, vendor-neutral AirWave Wireless Management Suite software.

AirWave's management software is currently deployed by numerous global IT organizations in the education, finance, government, healthcare, hospitality, Internet service provider, managed service provider, manufacturing and retail sectors. The AirWave Wireless Management Suite enables IT departments to centrally manage, monitor, and configure large, complex, multi-location and multi-function wireless networks comprised of hardware from leading vendors, including Aruba, Avaya, Cisco, Meru, Motorola/Symbol, HP ProCurve, Proxim, Trapeze, Tropos and others. Unlike proprietary element management systems, the AirWave software supports the work of the entire IT staff, from the first-level help desk to the most senior wireless engineers and IT management.

“Being part of a larger and innovative organization like Aruba will greatly benefit AirWave's present and future customers by making expanded resources available with which we can continue developing our network management products,” said Greg Murphy, AirWave's chief operating officer. “Aruba is the right long-term partner for us because they understand the critical importance of network management and are fully committed to open, interoperable solutions. As adoption of 802.11n and other new technologies accelerates, we will be ideally positioned to help customers manage the migration process. My colleagues and I are thrilled to become a part of the Aruba team.”

“We are making this move because we believe in the AirWave technology, the team and in the value and utility of multi-vendor networks,” said Dominic Orr, Aruba's president and CEO. “This positions us as the first mobility vendor to offer cross-vendor network management, a distinction that is underscored by AirWave's position as the leading vendor in this category. We are fully committed to continuing support for all of AirWave's products, and we intend to expand the line-up of supported products based on market share and customer demand.”

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About AirWave Wireless, Inc.

AirWave Wireless, Inc. is the leading developer of network management software solutions that provide administrators a single point of intelligent control to monitor, analyze, and configure their wireless network infrastructure. The privately held company is headquartered in San Mateo, California, and is backed by investors Westbury Equity Partners, Ignition Partners and Idealab. The company's patented AirWave Wireless Management Suite software is sold through a global network of value-added resellers and systems integrators. For more information, visit the company's website at www.airwave.com.