Aruba secures an additional $27M in equity financing and a $15M fully-committed debt and working capital facility

July 26, 2004

1 Min Read

SAN JOSE, Calif. -- Aruba Wireless Networks™ (Aruba) announced today it has secured an additional $27 million in equity financing and a $15 million, fully-committed debt and working capital facility. This brings the total equity investment in the company, since its inception In April 2002, to $59 million.

The new round of financing was led by WK Technology Fund and included existing investors Sequoia Capital, Matrix Partners and Trinity Ventures. Aruba will use the new capital to fuel its growth in the enterprise wireless security market by augmenting and accelerating engineering, sales and marketing efforts.

Aruba also said it is generating predictable quarterly revenue and has shipped over 700 WLAN switching systems to more than 300 customers around the world since it announced general availability of its Wi-Fi switching system in June of 2003. New customers include major corporations across nearly all vertical markets such as Ariba, BEA Systems, Dartmouth College, eBay, Leeds University, Legal Services of New York, Microsoft Corporation, Sharp HealthCare, Spring Independent School District, University of Virginia Medical Center and Yahoo, Inc.

“The existence of Wi-Fi is having a profound impact on enterprise security as a whole,” said Don LeBeau, president and CEO of Aruba Wireless Networks. “Wireless technology is forcing corporations to rethink their security. Enterprises understand that the model for network security is changing, and that they must change with it.”

Aruba Wireless Networks

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