Meru Networks files for $86.2M IPO

Wireless LAN vendor Meru Networks filed for an initial public offering (IPO) of up to $86.25 million, hoping to capitalize on what it expects to be rapid growth in the industry. The company, which partnered earlier this year with T-Mobile USA to bring fixed-mobile convergence (FMC) offerings to enterprise customers via unlicensed mobile access (UMA) technology, said in a Securities and Exchange Commission filing it wants to increase its sales and marketing efforts, make capital investments and put money into research and development. Article


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