Light Reading
Wi-Fi firm Ruckus files for an initial public offering that could raise up to $100M

Ruckus Wireless Goes for an IPO

Michelle Donegan
LR Mobile News Analysis
Michelle Donegan
10/8/2012
50%
50%

After months of teasing, Wi-Fi specialist Ruckus Wireless Inc. (NYSE: RKUS) filed for an initial public offering (IPO) in the U.S. on Friday. (See Ruckus Guns for an IPO.)

According to the S-1 filing with the Securities and Exchange Commission (SEC) , Ruckus could raise up to US$100 million from its stock offer, but the company did not state how many shares will be offered or the price range for those shares.

The unaudited financial figures published in the S-1 reveal solid revenue growth and a recent shift into profitability for the Wi-Fi firm. Ruckus recorded revenue of $93.9 million in the first six months of 2012, up from $47.3 million in the same period last year, according to the regulatory document. The company's net income for the first half of 2012 was $24.3 million, compared with a loss of $862,000 in the first half of 2011.

Ruckus sells its Wi-Fi access points, controllers and gateways to service providers as well as enterprise customers. The company says it has 45 carrier customers, among which are Bright House Networks , The Cloud , KDDI Corp. , Tikona Digital Networks Pvt. Ltd. , Time Warner Cable Inc. (NYSE: TWC) and Towerstream Corp. (Nasdaq: TWER). (See Ruckus Makes Over KDDI With Wi-Fi Offload.)

The company considers its main competitors to be Cisco Systems Inc. (Nasdaq: CSCO), Ericsson AB (Nasdaq: ERIC) (since it acquired BelAir in Febuary this year), Hewlett-Packard Co. (NYSE: HPQ), Motorola Solutions Inc. (NYSE: MSI) and Aruba Networks Inc. (Nasdaq: ARUN). (See Ericsson Adds Wi-Fi With BelAir Buy .)

Ruckus did not reveal specific plans for what it would do with the proceeds from the stock offering, but said that the funds would go toward working capital and general business purposes, such as sales and marketing and product development.

Based in Sunnyvale, Calif., Ruckus had 559 employees at the end of June 2012 and offices in China, India, Japan, Taiwan and the U.K.

Why this matters
The demand for carrier Wi-Fi is hot, as fixed and mobile operators look to deploy the wireless technology to add capacity and coverage where cellular networks are congested. Ruckus's revenue figures and recent service provider customer wins show this trend clearly.

But the move to go for an IPO also indicates how Ruckus needs to get bigger to compete with the likes of Cisco and Ericsson for carrier Wi-Fi deals with larger service providers. The company recently partnered with Nokia Networks to address the service provider market, but an IPO would give the company another boost. (See NSN Raises a Wi-Fi Ruckus and Will NSN Play the Wi-Fi Field?)

For more



— Michelle Donegan, European Editor, Light Reading Mobile

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
AESerm
50%
50%
AESerm,
User Rank: Light Beer
12/5/2012 | 5:19:37 PM
re: Ruckus Wireless Goes for an IPO


Timing looks auspicious for this Wi-Fi company with the attitude. Dell 'Oro says that service provider Wi-Fi along is doubling ($150m to $300m) this year over last. Ruckus does enterprise, too, but must be taking a large share of the SP market. Is it still a secret what Ericsson paid for Bel Air? 

FastCache
50%
50%
FastCache,
User Rank: Light Beer
12/5/2012 | 5:19:33 PM
re: Ruckus Wireless Goes for an IPO


With fewer floatations of networking companies over the past few years it is encouraging to see Ruckus step up with an IPO.

Flash Poll
LRTV Custom TV
Driving the Network Transformation

7|23|14   |   4:29   |   (0) comments


Intel's Sandra Rivera discusses network transformation and how Intel technologies, programs, and standards body efforts have helped the industry migration to SDN and NFV.
LRTV Custom TV
Distributed NFV-Based Business Services by RAD

7|18|14   |   5:38   |   (0) comments


With the ETSI-approved Distributed NFV PoC running in the background, RAD's CEO, Dror Bin, talks about why D-NFV makes compelling sense for service providers, and about the dollars and cents RAD is putting behind D-NFV.
LRTV Custom TV
MRV Accelerating Packet Optical Convergence

7|15|14   |   6:06   |   (0) comments


Giving you network insight to make your network smarter.
LRTV Custom TV
NFV-Enabled Ethernet for Generating New Revenues

7|15|14   |   5:49   |   (0) comments


Cyan's Planet Orchestrate allows service providers and their end-customers to activate software-based capabilities such as firewalls and encryption on top of existing Ethernet services in just minutes.
LRTV Custom TV
Symkloud NVF-Ready Video Transcoding, Big Data

7|9|14   |   3:41   |   (0) comments


Kontron and ISV partner Vantrix demonstrate high-performance video transcoding and data analytic solutions on same 2U standard platform that is ready for SDN and NFV deployments made by mobile, cable and cloud operators.
LRTV Huawei Video Resource Center
The Evolving Role of Hybrid Video for Competitive Success

7|4|14   |   4:09   |   (0) comments


At Huawei's Global Analysts Summit in Shenzhen, China, Steven C. Hawley from TV Strategies speaks to us about the evolving role of hybrid video for competitive success.
LRTV Huawei Video Resource Center
How CSPs Leverage Big Data in the Digital Economy

7|4|14   |   4:48   |   (2) comments


Justin van der Lande from Analysys Mason shares with us his views on how telecom operators can leverage customer asset monetization with big data. His discusses the current status of big data applications and the challenges and opportunities for telecom operators in the digital economy era.
LRTV Huawei Video Resource Center
Accelerator for Digital Business Future Oriented BSS

7|4|14   |   3:08   |   (0) comments


Mobile and internet are becoming intertwined; IT and CT are integrating; and leading CSPs have begun to transform to information service and entertainment providers. How should the BSS system evolve to enable this transformation? Karl Whitelock, an analyst at Frost & Sullivan, shares his views.
LRTV Huawei Video Resource Center
Orange Tunisia Discusses Multi-Band Antenna With EasyRET Solution

7|4|14   |   2:45   |   (0) comments


As new site acquisition becomes more difficult, Orange Tunisia has requested multi-band antenna to support UMTS and LTE innovation. Some things considered include reducing the cost of antenna maintenance and having high reliability antenna and EasyRET solution.
LRTV Huawei Video Resource Center
How Telefonica Spain Considers Antenna Selection for LTE Network Deployment

7|4|14   |   2:19   |   (0) comments


Tony Conlan, Global CTO of RAN, Telefonica, shares his opinion on antennas in LTE network deployment: Tower space is the premier requirement on antennas; reliability is important to reduce OPEX; and EasyRET solution will be helpful for antenna maintenance.
LRTV Huawei Video Resource Center
dtac Thailand: Multi-band Antenna & Capacity Solution for a Better MBB Experience

7|3|14   |   3:45   |   (0) comments


With the development of LTE, tower space and load are limited for new antenna, but users' capacity requirements are growing fast. To provide a better MBB experience, Panya Vechbanyongratana from dtac Thailand shared his experiences and antenna requirements.
LRTV Documentaries
BTE Panel: Network of the Future

7|2|14   |   1:00:57   |   (0) comments


Full-length video of the ATIS Panel Discussion: 'How Far Away Is the Network of the Future & What Does It Look Like?' from the Big Telecom Event (BTE) in Chicago.
Upcoming Live Events!!
September 16, 2014, Santa Clara, CA
September 16, 2014, Santa Clara, CA
October 29, 2014, New York City
November 11, 2014, Atlanta, GA
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
Allot's latest MobileTrends Charging Report shows that value-based pricing plans are up from 35% in 2011 to 85% in 2014.
Today's Cartoon
Vacation Special Caption Competition Click Here
Latest Comment
Hot Topics
Microsoft to Axe 12,500 Ex-Nokia Employees
Sarah Reedy, Senior Editor, 7/17/2014
The Municipal Menace?
Jason Meyers, Senior Editor, Utility Communications/IoT, 7/22/2014
GM: 10 Car Models on Road With AT&T's LTE
Dan Jones, Mobile Editor, 7/18/2014
Apple Earnings: Strong iPhone Sales, iPad Sales Slump, $7.8B Profit
Mitch Wagner, West Coast Bureau Chief, Light Reading, 7/22/2014
Like Us on Facebook
Twitter Feed