fortinet acquires meru networks

Learn more at Copyright © 2015 Fortinet, Inc. All rights reserved. The acquisition expands opportunity to precisely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions. 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. Additionally, Fortinet sees its partners looking to combine mobility and security functionality, and thus buying an enterprise WLAN provider helps better satisfy those partners. Leading the trend to provide broad security for wired and wireless networks and devices, Fortinet also announced today a new FortiGuard mobile security subscription service to protect mobile devices and applications across the enterprise.Easy and efficient deployment, flexibility and scalability are factors that favor Wi-Fi based solutions. We’re not just doing wireless as an extension of the network. Fortinet , the global leader in high-performance cyber security solutions, today announced it has closed the acquisition of Meru Networks , a leader in intelligent Wi-Fi networking. Fortinet blasts into the enterprise secure wireless market with news of its intent to acquire Meru Networks, pitting the vendor against Cisco … 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. The company is based in Sunnyvale, CA, and has more than 300 employees worldwide. The wireless security layer is not present in the market today…[The Meru acquisition] will give us a jump-start in some of those deals we haven’t been able to get over the hump.More sales and more marketshare… but can Fortinet deliver the goods? Along with these factors, the bring your own device (BYOD) concept has brought the power of convenient connectivity and efficiency to end-users who have come to expect secure access to their enterprise network, regardless of location. 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. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB, FortiVoice and FortiWeb. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. More than 210,000 customers worldwide, including some of the largest and most complex organizations, trust Fortinet to protect their brands. 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. RECENT INDUSTRY ACTIVITY ... Fortinet Acquires Meru Networks HP Acquires Aruba Networks Visit Fortinet (NASDAQ: FTNT) protects the most valuable assets of some of the largest enterprise, service provider and government organizations across the globe. Fortinet Introduces 12 New Network Security Products in Connected UTM Platform 7. 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.

Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at The acquisition is synergistic with Fortinet’s secure wireless vision and enterprise growth focus, broadens the company’s solutions portfolio, and expands its opportunity to uniquely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions. Fortinet, a global player in high-performance cyber security solutions, has announced that it has closed the acquisition of Meru Networks, known to be a leader in intelligent Wi-Fi networking. Founded in 2002, Sunnyvale, Calif.-based Meru says over 14,000 customers deploy its high-performance Wi-Fi solutions.

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