Avenda Systems, a network security company backed by OVP Venture Partners, has been acquired by publicly traded Aruba Networks Inc. Terms of the deal were not released. Avenda employees join Aruba at its campuses in Sunnyvale, Calif., and Bangalore, India, the company said.
Aruba Networks, Inc. (NASDAQ:ARUN) today announced it has completed its acquisition of privately-held Avenda Systems. Avenda Systems is a leading developer of network security solutions that securely connect users and their personal mobile devices to business networks. These solutions facilitate development and enforcement of Bring Your Own Device (BYOD) initiatives in the workplace.
Avenda’s solutions will enhance Aruba’s Mobile Virtual Enterprise (MOVE) architecture, making it simpler and safer for enterprises to transition to a new era of mobile computing and cloud-based applications. Avenda also enables self-service provisioning of 802.1x and security credentials to a broad range of devices running iOS, Android, MacOS, or Windows. This enables users to quickly and securely connect a new mobile device to the network without engaging IT helpdesk resources. Avenda delivers these solutions locally or as a cloud-based subscription service.
With the close of the acquisition, Avenda Systems employees join Aruba at its campuses in Sunnyvale, California and Bangalore, India.
About Aruba Networks, Inc.
Aruba Networks is a leading provider of next-generation network access solutions for the mobile enterprise. The company’s Mobile Virtual Enterprise (MOVE) architecture unifies wired and wireless network infrastructures into one seamless access solution for corporate headquarters, mobile business professionals, remote workers and guests. This unified approach to access networks dramatically improves productivity and lowers capital and operational costs.
Listed on the NASDAQ and Russell 2000® Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, and Asia Pacific regions. To learn more, visit Aruba at http://www.arubanetworks.com. For real-time news updates follow Aruba on Twitter and Facebook.
This press release contains forward-looking statements about the expectations, beliefs, financial plans, intentions and strategies of Aruba relating to its acquisition of Avenda. Such forward-looking statements include statements regarding future product offerings and potential benefits of current and future product offerings. These statements reflect Aruba’s current beliefs and are based on current information available to us. The ability of Aruba to achieve these business objectives involves many risks and uncertainties that could cause actual outcomes and results to differ materially, including the failure to achieve expected synergies and efficiencies of operations; the ability of Aruba to retain and motivate key employees of Avenda; the ability to coordinate strategy and resources between Aruba and Avenda; loss of any Avenda customers; the ability to manage the integration of products and operations between Aruba and Avenda; timely development and acceptance of products and services and their feature sets; and other risks that are described from time to time in Aruba’s reports filed with the Securities and Exchange Commission.
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