Meru Networks announced it has raised $30 million in private funding as the WLAN vendor revealed it is experiencing "unprecedented enthusiasm for IEEE 802.11n solutions," even during a down economy.
Brett White, Meru's chief financial officer, said 802.11n is presenting the company with the opportunity to accelerate its WLAN market share. "CIOs are looking for a wireless solution that is easy to deploy, secure and manage so their organizations can not only run all business-critical applications reliably over their WLANs but can do so with reduced budgets and more efficient utilization of precious networking staff. The latest round of funding will give us the resources to continue our mission of solving application performance problems over wireless while meeting the strong demand we're seeing from the health-care and education markets and Fortune 2000-size companies," he said in a statement.
This latest round of funding was led by a new investor managed by Vision Capital Advisors. Existing investors, including Clearstone
Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group, Evercore Partners, Tenaya Capital and
Monitor Ventures, also participated in the funding round.
Meru isn't the only WLAN vendor reporting success. In a recent interview, Mike Tennefoss, head of marketing with Aruba, indicated that enterprise is spending on WLAN infrastructure in a targeted way in order to lower ongoing operating costs.
For more:
- see this release
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