AirWave Wireless acquired for $37M by Aruba Networks
AirWave, of San Mateo, Calif., makes software that manages wireless networks broadcast by equipment from a large number of different manufacturers, while Aruba is a maker of that same equipment.
With AirWave, Aruba will have rights over software that it can deploy alongside its equipment, making its wireless routers merge easily with networks including routers made by other manufacturers.
The $37 million acquisition is for a combination of cash and stock. Aruba plans on retaining the current staff of AirWave.
It appears to be a profit for AirWave’s investors. The company raised about $15 million from Ignition Partners, Idealab and Westbury Equity Partners, according to VentureSource.
Next Story: Engine Yard, a Rails application support company, gets backing from Benchmark
Previous Story: Quaris raises $7.1M for business intelligence apps
About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.