Trapeze Swings $30M
The enterprise-focused startup, which has OEM deals with networking big-names such as Nortel Networks Ltd. and 3Com Corp. (Nasdaq: COMS), has now raised nearly $100 million in funding since it started in 2002.
The amount, however, was less newsworthy than the names of the investors. According to Venture Wire, Juniper Networks Inc. (NYSE: JNPR), Motorola Inc. (NYSE: MOT), and Nortel all participated in this latest round.
Motorola already made a strategic investment in Trapeze last summer. (See Motorola Invests in Trapeze.) Juniper, meanwhile, has been rumored to be potential buyer of the Pleasonton, Calif.-based startup in the past. (See Sources: Juniper Eyeing Trapeze.)
Following Cisco Systems Inc. (Nasdaq: CSCO)'s acquisition of Airespace in 2005, Trapeze is one of only three big startups left in the wireless LAN switch game -- the others being Aruba Networks Inc. (Nasdaq: ARUN) and Meru Networks Inc. . There are now, however, plenty of players in the broader wireless LAN enterprise market that these companies -- among others -- helped to create.
— Dan Jones, Site Editor, Unstrung