Press release from Business Wire
Aruba Networks Enters Agreement to Acquire Avenda Systems
<p class='bwalignc'> <i>Acquisition will significantly enhance Aruba's Bring Your Own Device (BYOD) solutions for business</i> </p>
Thursday, November 17, 2011
Aruba Networks Enters Agreement to Acquire Avenda Systems16:05 EST Thursday, November 17, 2011
SUNNYVALE, Calif. (Business Wire) -- Aruba Networks, Inc. (NASDAQ:ARUN) today announced the execution of a
definitive agreement to purchase privately-held Avenda Systems, a
leading developer of network security solutions that securely connect
users and their personal mobile devices to business networks. These
solutions facilitate development and enforcement of Bring Your Own
Device (BYOD) initiatives in the workplace. Avenda's solutions will
enhance Aruba's Mobile Virtual Enterprise (MOVE) architecture, making it
simpler and safer for enterprises to transition to a new era of mobile
computing and cloud-based applications.
“This acquisition is fundamentally about arming our customers with a
simple, cost-effective and device-agnostic approach to connecting and
securing BYOD users,” said Hitesh Sheth, chief operating officer at
Aruba. “Legacy networking vendors have struggled to deliver a
purpose-built solution for today's mobility age. Faced with the BYOD
phenomenon, IT departments need to deliver policy and control to a wide
range of mobile devices and PCs over their existing networks. Together,
Aruba and Avenda are poised to deliver the ideal answer.”
Aruba's context-aware MOVE architecture is designed to identify the
user, as well as his or her device type, application, and location and
apply access policies based on that information. This is critical for
mobile networks in order to optimize security and network capacity.
Avenda's solutions will enhance Aruba's context-based networking by
applying those policies across the entire access network, independent of
access type or vendor. They will also add device posture and deeper
visibility into device profiles for a complete picture of the network
connection. These are critical technologies as BYOD initiatives not only
go mainstream, but also expand in scope.
Avenda also enables self-service provisioning of 802.1x and security
credentials to a broad range of devices running iOS, Android, MacOS, or
Windows. This enables users to quickly and securely connect a new mobile
device to the network without engaging IT helpdesk resources. Avenda
delivers this solution locally or as a cloud-based subscription service.
The acquisition is expected to close in the second quarter of Aruba's
fiscal year 2012, ending January 31, 2012, subject to standard closing
conditions.
About Aruba Networks, Inc.
Aruba Networks is a leading provider of next-generation network access
solutions for the mobile enterprise. The company's Mobile Virtual
Enterprise (MOVE) architecture unifies wired and wireless network
infrastructures into one seamless access solution for corporate
headquarters, mobile business professionals, remote workers and guests.
This unified approach to access networks dramatically improves
productivity and lowers capital and operational costs.
Listed on the NASDAQ and Russell 2000® Index, Aruba is based in
Sunnyvale, California, and has operations throughout the Americas,
Europe, Middle East, and Asia Pacific regions. To learn more, visit
Aruba at http://www.arubanetworks.com.
For real-time news updates follow Aruba on Twitter
and Facebook.
Forward-Looking StatementsThis press release contains forward-looking statements about the
expectations, beliefs, financial plans, intentions and strategies of
Aruba relating to its proposed acquisition of Avenda. Such
forward-looking statements include statements regarding future product
offerings and potential benefits of current and future product
offerings. These statements reflect Aruba's current beliefs and are
based on current information available to us. The ability of Aruba to
achieve these business objectives involves many risks and uncertainties
that could cause actual outcomes and results to differ materially. In
particular, while the companies have executed a definitive agreement,
there is no assurance that they will complete the transaction. If the
companies fail to satisfy conditions for closing, the transaction will
terminate. Other risks and uncertainties include the failure to achieve
expected synergies and efficiencies of operations; employee retention
and maintenance of the business of Avenda before the closing of the
transaction; the ability of Aruba to retain and motivate key employees
of Avenda; the ability to coordinate strategy and resources between
Aruba and Avenda; loss of any Avenda customers; the ability to manage
the integration of products and operations between Aruba and Avenda;
timely development and acceptance of products and services and their
feature sets; and other risks that are described from time to time in
Aruba's reports filed with the Securities and Exchange Commission.© 2011 Aruba Networks, Inc. Aruba Networks' trademarks include the
design mark for AirWave, Aruba Networks®, Aruba
Wireless Networks®, the registered Aruba the
Mobile Edge Company logo, the registered AirWave logo, Aruba Mobility
Management System®, Mobile Edge Architecture®,
People Move. Networks Must Follow®, RFProtect®,
Green Island®. All rights reserved. All other
trademarks are the property of their respective owners.
Aruba NetworksWilson Craig, +1-408-516-6182Director,
Corporate Communicationswcraig@arubanetworks.com
