We’re not just doing wireless as an extension of the network. Meru provides top performance and high capacity in high-density environments.
Sykora is confident however that Fortinet, with Meru’s tech and market share in its hands, will be able to step up to the challenge:The solution is unique — we’re doing secure wireless.
Additionally, Fortinet sees its partners looking to combine mobility and security functionality, and thus buying an enterprise WLAN provider helps better satisfy those partners. Acquisition search results.
Once the transaction closes, Fortinet will include Meru in its guidance going forward and provide additional financial details in its second quarter 2015 financial results announcement. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, binding specification or other binding commitment by Fortinet, and performance and other specification information herein may be unique to certain environments. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at Fortinet, a pioneer in high-performance cyber security solutions announces the procurement completion of Meru Networks a leader in intelligent Wi-Fi networking. The acquisition expands opportunity to precisely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions. SUNNYVALE, Calif. – May 27, 2015 – Fortinet (NASDAQ: FTNT), the global leader in high-performance cyber security solutions, and Meru Networks (NASDAQ:MERU), a leader in intelligent Wi-Fi networking, today announced a definitive agreement for Fortinet to acquire Meru.
Fortinet Introduces 12 New Network Security Products in Connected UTM Platform 7. The deal is currently valued at $44 million, although Meru itself is valued at $90.9 million, so unless there is something wrong with Meru that we don’t know about, it looks like Fortinet is getting a pretty good deal.Fortinet’s VP of Americas Sales, Joe Sykora, explained some of the reasoning behind the offer:Right now, we’ve dominated the enterprise on the security side and we’ve had some things we’ve needed to penetrate that enterprise wireless market. [The Meru acquisition] will give us the technology and tools we and our partners need to succeed in this market.In other words, the purchase is an attempt to gain market share in the enterprise WLAN market, which Fortinet has had trouble doing thus far, according to CRN. All of this has driven widespread adoption of Wi-Fi by enterprises of every size. Learn more at Copyright © 2015 Fortinet, Inc. All rights reserved. Network security firm Fortinet said on Wednesday that it has agreed to acquire Meru Networks (NASDAQ: MERU), a provider of enterprise wireless networking solutions, for roughly $44 million in cash.. Fortinet expects the transaction to have no material impact on billings, revenue, operating margins or non-GAAP profitability for the full year 2015. Further towards that end, Fortinet also “announced the launch of a new FortiGuard Mobile Security subscription service.” FortiGuard is designed “to secure mobile devices and applications in bring your own device enterprise settings.”This acquisition also means that Fortinet will now be going into “head-to-head” competition with some of the big boys like Cisco and HP.