No April Fools’ Day Joke: Meru Networks Completes IPO

Company Raises $65.8 Million

April 1, 2010 - The Sunnyvale, California based wireless network provider, Meru Networks went public through an initial public offering and raised $65.8 million.  4.4 million shares were sold in the IPO at $15.00, the top of the expected share price range. 

Founded in 2002, 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 solutions represent 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. While based in California, the company has operations in the Americas, Europe, the Middle East and the Asia Pacific region.