Fortinet, a pioneer in high-performance cyber security solutions announces the procurement completion of Meru Networks a leader in intelligent Wi-Fi networking. The acquisition expands opportunity to precisely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions.
The addition of Meru’s intelligent Wi-Fi solutions to the Fortinet portfolio extends the delivery of a secure, uninterrupted user experience – anytime anywhere – providing peak performance in environments requiring high capacity load and a high-density of wireless users, such as enterprise, education, healthcare, and hospitality.
Citing on the acquisition, Ken Xie, founder, chairman and CEO of Fortinet said, “To truly protect against all possible attack vectors, we are continuing to expand our market-leading end-to-end security platform to provide customers with the visibility and continuous threat protection they need – from the data center, to the cloud to the end-point.” “We expect the acquisition of Meru to help us deliver new solutions and services to help enterprises of all sizes deploy, manage, and secure wired and wireless networks in a mobile era.”
Fortinet and Meru customers will benefit from Fortinet’s secure, uninterrupted connectivity for their highly mobile end-users, while offering channel partners a broader solutions portfolio to take to market.
In connection with the acquisition, Fortinet is paying $1.63 per Meru share in cash, an equity value of approximately $44 million for the transaction.