Fortinet, the global leader in high-performance cyber security solutions, and Meru Networks, a leader in intelligent Wi-Fi networking, last week announced an agreement for Fortinet to acquire Meru for $44 million. The acquisition is expected to be synergistic with Fortinet’s secure wireless vision and enterprise growth focus, broadening the company’s solutions portfolio, and expanding its opportunity to uniquely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions. The acquisition also sees Meru bringing onboard its experienced research and engineering team to help accelerate Fortinet’s strategy to secure and manage wired and wireless devices together at any entry point to the network.
The addition of Meru’s intelligent Wi-Fi solutions to the Fortinet portfolio extends the delivery of a secure, uninterrupted user experience, providing peak performance in environments requiring high capacity load and a high-density of wireless users, such as enterprise, education, healthcare, and hospitality.
Ken Xie, Founder, Chairman and CEO, Fortinet
The acquisition of Meru Networks maps to our overall security vision of combining strong network security with ubiquitous connectivity. We expect this to accelerate our innovation through the delivery of new solutions and services to help enterprises of all sizes deploy, manage and secure wired and wireless networks in a mobile era. We believe the extension of our market-leading end-to-end security platform will increase our growth opportunities and benefit our customers and partners globally.
Dr. Bami Bastani, President and CEO, Meru Networks
The combination of Fortinet and Meru is expected to strengthen our position in the overall enterprise wireless market, addressing the requirements of CIOs to provide secure, uninterrupted connectivity for their highly mobile end-users. Meru's technology differentiation, and its position as the only ONF-certified SDN wireless solution, along with Fortinet's core, edge and access security solutions, will provide a broader solutions portfolio for our sales teams and channel partners.
