Thursday, December 14, 2006

Aruba Networks Files for IPO

Aruba Networks, a start-up specializing in enterprise wireless solutions, filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

Goldman, Sachs & Co. and Lehman Brothers Inc. will act as joint book-running managers for the offering with J.P. Morgan Securities Inc. and RBC Capital Markets acting as co-managers. The number of shares to be sold in the proposed offering and the offering price have not yet been determined.

  • Aruba Networks was founded in 2002 and is headed by Dominic Orr, who previously served as the president and chief executive of Alteon WebSystems which was acquired by Nortel Networks in Oct. 2000.

  • Aruba Networks is based in Sunnyvale, California.

  • In November 2006, Aruba Networks outlined a five-phase plan to bring enterprise fixed-mobile convergence (E-FMC) to its enterprise mobility platform. The plan addresses both enterprise-centric and carrier-centric E-FMC architectures. Aruba said it will work with others across the E-FMC value chain, including mobile handset manufacturers, IP-PBX vendors, FMC infrastructure vendors and mobile operators.