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Aruba Plucks Ex-Peribit CFO

Aruba Wireless Networks has hired ex-Peribit CFO Steffan Tomlinson as its new financial head, Unstrung has learned.

The appointment comes more than seven months after the firm's original CFO, Dustin Williams, left for storage firm Maxtor Corp. (NYSE: MXO)(see Aruba Loses CFO, VP).

The company is spinning the move as part of the preparation for an IPO.

The firm has had an interim consultant in place in the meantime, while it hunted for a suitable replacement, according to Aruba's new senior marketing manager, Don Reckles (see Video Grabs Comms Director). "With the company going through such rapid growth, and with a long-term plan for IPO, it was very important that we find the right candidate," he says in an email to Unstrung. "We found that candidate in Steffan Tomlinson."

According to the latest figures from Dell'Oro Group and Synergy Research Group Inc., Aruba is ranked number three in the wireless switch market behind Symbol Technologies Inc. (NYSE: SBL) (number 1) and (number 2). Aruba also ranks number four in the overall 802.11 enterprise equipment market, according to Dell'Oro numbers (see WLAN Sales Back on the Climb and Switch Sales Boost WLAN). In the overall numbers, Cisco leads.

Aruba has long been bullish about its prospects for an IPO, but Reckles says that there is no set time frame. "Certainly that's the vision of the company," he says.

Of course, the appointment is bound to spark up some old rumors. Tomlinson's last company was acquired by Juniper Networks Inc. (Nasdaq: JNPR)(see Juniper Takes Two: Peribit & Redline). Juniper was rumored to have talked to Aruba about a potential acquisition in the past (see Airespace Creates Turbulence). Reckles says that some rumors should stay dead:

"I guess rumors will come out regardless of what we say… but there’s really no validity to that link. Aruba is structuring and growing the business to remain a standalone company. As you are no doubt aware, Aruba turned down Cisco’s advances many months ago, as an eventual IPO was the goal back then. Since that time, Aruba’s business has continued to grow with revenues ramping quickly, as you can see from the Dell’Oro and other analysts’ reports. So, with everything tracking as it is, there’s no reason to reevaluate that plan." — Dan Jones, Site Editor, Unstrung

joset01 12/5/2012 | 2:56:09 AM
re: Aruba Plucks Ex-Peribit CFO Can they IPO though? In a sense I think this is what the "mobile edge" stuff is all about, screaming from the rooftops: "We're different from Cisco."
wifihammer 12/5/2012 | 2:56:09 AM
re: Aruba Plucks Ex-Peribit CFO Less now since they have another $25M from VCs.
whatupwireless 12/5/2012 | 3:03:41 AM
re: Aruba Plucks Ex-Peribit CFO Agreed. They better keep mo-jo or face becoming a 'tweener.
netorange 12/5/2012 | 3:03:47 AM
re: Aruba Plucks Ex-Peribit CFO They are going to play out both options - their dream is to get double what Cisco paid for Airespace.
Kirby is churning the sales force in the US so they better have some momentum to keep on course and get the best price.
kenmhall1 12/5/2012 | 3:03:47 AM
re: Aruba Plucks Ex-Peribit CFO Check out the release at their site - http://www.arubanetworks.com/n...

Making it through DefCon and Black Hat unscathed...that's quite a braggin' right. Wonder how long it'll last?!?
whatupwireless 12/5/2012 | 3:04:02 AM
re: Aruba Plucks Ex-Peribit CFO This drive to go public will drive their "buyout" price up at least. Could make it a "tweener" - to small for a good IPO, to big to swallow...
lrmobile_strungup 12/5/2012 | 3:04:03 AM
re: Aruba Plucks Ex-Peribit CFO Doubt it'll get bought. They look hellbent on going public.
joset01 12/5/2012 | 3:04:04 AM
re: Aruba Plucks Ex-Peribit CFO What say you, message board crew?

Dan
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