Belden to Acquire Trapeze

Longtime WLAN vendor is getting bought out for $133M

June 6, 2008

2 Min Read

ST. LOUIS -- Belden (NYSE:BDC) has entered into a definitive agreement to acquire Trapeze Networks, a leading provider of wireless local area networking (WLAN) equipment and management software, for $133 million in cash. The acquisition builds on Belden's market-leading position as a complete signal transmission solutions provider by adding a recognized leader in the wireless LAN market.

Wireless extends the reach of Belden's physical-layer cable and connectivity products and enables the company to address the growing mobility needs of customers. "Belden's strategic vision is to provide the best signal transmission solutions to our customers regardless of technology," said John Stroup, President and Chief Executive Officer of Belden. "We believe the acquisition of Trapeze Networks uniquely positions Belden to offer our enterprise customers tailored connectivity solutions that benefit from blending the strengths of copper, fiber and wireless technologies. Trapeze Networks Smart Mobile wireless LAN solutions deliver superior performance, security, reliability and management capabilities, making this a highly attractive wireless investment for Belden's future. The acquisition will make Belden the world's largest unified wired and wireless solutions provider and will provide expanded market access for Trapeze Networks' Smart Mobile solutions.

"We believe we are at an inflection point in enterprise wireless LAN expansion, a market that is already growing nearly 25 percent per year, and that wireless connectivity is no longer considered a luxury but is a customer expectation," added Mr. Stroup.

Trapeze Networks, a privately held company based in Pleasanton, California, with 2007 revenues of $56 million, sells its products into healthcare, education, manufacturing, retail, government and other enterprise verticals through OEMs and distribution channels. The Trapeze product portfolio is an end-to-end WLAN system built on a highly scalable and secure wireless operating system running on Trapeze Networks access points and controllers and features the industry's most robust management software capabilities. More than 4,000 organizations around the world have deployed Trapeze wireless platforms.

Jim Vogt, President and Chief Executive Officer of Trapeze, said, "During the past six years, enterprise customers around the world have invested in Trapeze Networks Smart Mobile because they can depend on it for constant connectivity and reliable mobility. The superior performance and cost benefits of our highly acclaimed wireless LAN products have fueled our global growth through distribution and through our OEM relationships with 3Com, Enterasys, Nortel and other large networking companies. Our customers can now be assured of continued product innovation and new capabilities from the combined resources of Belden and Trapeze."

Trapeze Networks Inc.

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