Aruba signs deal to acquire AirWave Wireless
Published January 9th, 2008
(TP) US-based WLAN equipment manufacturer Aruba Networks has inked a definitive agreement to purchase AirWave Wireless. AirWave is a provider of specialised tools to centrally manage large, multi-vendor wireless LAN, mesh and WiMAX networks. Aruba will acquire AirWave in exchange for a total consideration of USD 37 million in stock and cash. The acquisition will provide Aruba with multi-vendor mobility management tools, as well as a vehicle for better supporting its technology partner system. AirWave will operate as a business unit of Aruba and will be chartered to enhance the AirWave Wireless Management Suite software. The acquisition is expected to close in the third quarter of Aruba’s 2008 fiscal year and is subject to standard closing conditions.
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