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Fortinet Dives Deep Into Enterprise Secure Wireless Market With Meru Networks Acquisition
2015-05-28 01:09:22| Wireless - Topix.net
Fortinet is blasting into the enterprise secure wireless market with its revelation Wednesday of its intent to acquire Meru Networks, a move that pits the vendor against Cisco and other major networking players looking to make strides in the security space. Meru Networks is a $90.9 million company based in Sunnyvale, Calif., that competes against companies such as Ruckus Wireless and Aerohive with its intelligent 802.11ac Wi-Fi solutions.
Tags: market
deep
networks
secure
TV networks face steep competition for viewers as they launch new shows
2015-05-27 22:34:04| Apparel - Topix.net
Don't adjust your set: some of the TV shows slated to premiere this fall and winter may seem like reruns, but they're actually new. When the big U.S. networks recently revealed their new crop of shows, they included reboots of past hits including Fox's "The X-Files," NBC's "Coach" and "Heroes Reborn," and others that draw inspiration from feature films including "Rush Hour," "Uncle Buck" and "Minority Report."
Fortinet to acquire Meru Networks for USD 44 mln
2015-05-27 18:25:00| Telecompaper Headlines
(Telecompaper) Fortinet announced an agreement to acquire Meru Networks for USD 44 million, expanding its position in the secure wireless networking market. The company said its FortiAP wireless access points and FortiWiFi security appliances are already its fasting-growing products. The addition of Meru's Wi-Fi products extends its portfolio for environments requiring high-capacity load and a high-density of wireless users, such as enterprise, education, healthcare and hospitality. Meru's product range includes access points, controllers, SDN-enabled Wi-Fi system software, and cloud and virtual wireless controllers and appliances. In addition, Meru brings more than 33 awarded patents and 35 pending patents and over 14,000 customers worldwide. Under the terms of the agreement, Fortinet will pay USD 1.63 per Meru share in cash, an equity value of USD 44 million. Based in California, Meru had over USD 90 million in revenues last year. The takeover is expected to close in Q3. Fortinet also announced new FortiGuard mobile security subscription service to protect mobile devices and applications across the enterprise. Deployable on its FortiGate integrated security appliances, this new service is designed for BYOD scenarios.
Tags: networks
usd
acquire
mln
Thomson Video Networks supports CHILI Ultra HD OTT in Italy
2015-05-27 09:20:50| Digital TV News
Thomson Video Networks has announced that CHILI, the Italian digital distributor of movies and TV series, is using its ViBE VS7000 multi-screen and HEVC encoding platform to deliver HEVC 4K content via its movie service platform.
Tags: video
italy
networks
supports
Movers & Shakers: Costco, Tiffany, Palo Alto Networks to report quarterly results
2015-05-27 06:19:30| Jewelry - Topix.net
Among the companies whose shares are expected to see active trade in Wednesday's session are Costco Wholesale Corp., Tiffany & Co., and Palo Alto Networks Inc. is projected to report fiscal third-quarter earnings of $1.15 a share, according to a consensus survey by FactSet. The warehouse retailer posted earnings of $1.07 a share in the same quarter last year.
Tags: results
report
networks
alto
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