Thursday, June 5, 2008

Belden to Acquire Trapeze Networks

Belden agreed to acquire Trapeze Networks, a supplier of WLAN equipment and management software, for $133 million in cash. 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.

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. Trapeze claims more than 4,000 enterprise customers worldwide.

  • Trapeze Networks was founded in March 2002 backed by original investors Accel Partners and Redpoint Ventures. Additional investors have included Duff Ackerman & Goodrich, Nortel, Oak Investment Partners, Castile Ventures, Trautman Wasserman & Co. and C.E. Unterberg Towbin.

See also