je.st
news
Tag: fortinet
Fortinet Steps Up Security Challenge
2015-05-29 20:25:38| Wireless - Topix.net
As Silicon Valley's security sector grows, Fortinet is looking to stand out from the crop of young upstarts and challenge industry leader Cisco Systems by selling its own hardware, with help from a local pioneer in Wi-Fi networking. Fortinet and Meru Networks announced an acquisition agreement Wednesday that values Meru at $44 million, with Fortinet committing to pay $1.63 a share in cash for its Sunnyvale neighbor.
Tags: security
steps
challenge
fortinet
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
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
Mylan , Chesapeake Energy, Fortinet, Medtronic and Hain Celestial are big market movers
2014-10-04 07:06:56| Food - Topix.net
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: The medical device maker switched to $16 billion in financing to buy Covidien after the U.S. restricted tax-saving, overseas deals. Warren Buffett's acquisition of a big auto retailer pushed the entire sector higher as the billionaire talks market consolidation.
Tags: big
market
energy
chesapeake
Penske and Fortinet are big market movers
2014-10-04 02:41:35| Auto Dealers - Topix.net
The medical device maker switched to $16 billion in financing to buy Covidien after the U.S. restricted tax-saving, overseas deals. Warren Buffett's acquisition of a big auto retailer pushed the entire sector higher as the billionaire talks market consolidation.
Tags: big
market
movers
penske