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ACQUIRED COMPANY
 
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Meru Networks  (Stock symbol: MERU ) Acquired by Fortinet (2015 $ 44,000,000 )

894 Ross Drive
Sunnyvale, CA 94089
USA
(408)-215-5300
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Charles D. Kissner (Aviat Networks) Geoffrey G. Ribar (Cadence Design Systems CFO) Nicholas Mitsakos (Nayna International Chairman) Stan Meresman (TCV Former Venture Partner) Barry A. Newman (NeoCarta Ventures Venture Partner) Andre Turenne (D. E. Shaw & Co.) Harold Copperman (HDC Ventures President/CEO) William Quigley (Clearstone Venture Partners Managing Director)
Former outside board: Brian K. Paul (Lehman Brothers Venture Partners Managing Director) Tom Erickson (Bluestream Ventures VP Business Development) David C. Schwab (Sierra Ventures)
Company

Business description: Meru Networks provides a virtualized wireless LAN solution that cost-effectively optimizes the enterprise network to deliver the performance, reliability, predictability and operational simplicity of a wired network, with the advantages of mobility. Meru's solution represents an innovative approach to wireless networking that utilizes virtualization technology to create an intelligent and self-monitoring wireless network, and enables enterprises to migrate their business-critical applications from wired networks to wireless networks, and become all-wireless enterprises. Meru's solutions have been adopted in all major industry vertical markets, including Fortune 500 enterprises, healthcare, education, retail, manufacturing, hospitality and government. Meru is headquartered in Sunnyvale, Calif., and has operations in the Americas, Europe, the Middle East and Asia Pacific
Customers include: Avaya Solutions ;  Auburn University Engineering School;  AWA ;  Baltimore County Public Schools ;  Barnard College ;  Cedarville University ;  Christ the Redeemer Catholic School Division ;  Cohoes School District ;  Farmingdale State College ;  Fashion Institute of Technology ;  Gardner-Webb University ;  General Services Administration ;  Girard College Campus ;  Halifax Health ;  Hilton Central School District ;  Hôtel du Cap-Eden-Roc ;  LibertyHealth System ;  Loyola College In Maryland ;  McKee Foods;  Mobile Village.com;  Mona Shores School District ;  Morrisville State College ;  Mount Saint Mary College ;  New Castle School District ;  Nicolaus Copernicus University ;  Northern Michigan University ;  PacSun;  Rush-Henrietta School District ;  Saint Joseph's University ;  San Jose City College and Evergreen Valley College ;  Santa Fe School District ;  Sawtel ;  Sheraton Greensboro Hotel and Convention Center ;  St. Agnes Hospital ;  St. John‘s Hospital ;  State University of New York ;  Sun Health Healthcare Network ;  The Ministry of the Brussels-Capital Region ;  The Monitor Group ;  The Presentation School ;  The School District of Philadelphia ;  University Alfonso X ;  University of Texas at Dallas ;  Utah State University ;  Villanova University ;  Voda One ;  Wake Forest University Baptist Medical Center ;  Washington Nationals ;  Wayne State University
Partners include: Avaya FiretideIngram Micro Juniper Networks Nissho ElectronicsSiemens;  Bradford Networks ;  Catalyst Telecom ;  Funk Software;  Hitachi Cable;  InnerWireless ;  MobileAccess ;  SpectraLink ;  Tokyo Electron;  Voda One ;  Wavelink ;  Zycko
Capital

Rounds: 6
Recent Fundings: Aug 2009   Mar 2007
Capital raised: 151.6M
Last Round: 87.0M
Ownership: Acquired by Fortinet (2015 $ 44,000,000 ) Ipo Filing
Stock Symbol: MERU

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Overview
Record updated: May 2015
Sector: Communications
Year Founded: 2002
Headcount: 301-400 as of May 2015
Rounds: 6
Recent Fundings: Aug 2009   Mar 2007
Capital Raised: 151.6M
Last Round: 87.0M
Ownership: Acquired by Fortinet (2015 $ 44,000,000 ) Ipo Filing
Stock Symbol: MERU