Showing posts with label Aerohive. Show all posts
Showing posts with label Aerohive. Show all posts

Wednesday, June 26, 2019

Extreme to acquire Aerohive for cloud-managed enterprise Wi-Fi

Extreme Networks agreed to acquire Aerohive Networks (NYSE: HIVE) at a price of $4.45 per share in cash, representing an enterprise value of $210 million.

Aerohive, which is based in Milpitas, California, supplies cloud and enterprise Wi-Fi solutions and was among the first companies to offer controller-less Wi-Fi and cloud network management, including cloud-managed Wi-Fi and network access control (NAC). Aerohive recently delivered the industry's first trio of Wi-Fi 6 access points, along with the industry's first pluggable access point. Aerohive has a global footprint of 30,000 cloud wireless LAN customers in verticals including education, healthcare, state and local government, and retail. Aerohive was founded in 2006 by Changming Liu and completed its IPO in March 2014.

Extreme says the acquisition of Aerohive will add critical cloud management and edge capabilities to its portfolio of end-to-end, edge to cloud networking solutions. It will provide a strong subscription revenue stream and strengthen Extreme's position in wireless LAN at a critical technology transition to Wi-Fi 6. Extreme expects the acquisition to be accretive to non-GAAP earnings per share starting in fiscal year 2020.

Extreme also expects to gain new SD-WAN capabilities, in all expanding its total addressable market by a total of $1B in a market with a CAGR of 19% 2019 through 2022.2

Ed Meyercord, President and CEO, Extreme Networks, stated "The acquisition of Aerohive establishes our leadership in cloud, AI, and ML, adding a proven and mature cloud services platform and subscription service model for Extreme's customers and partners. Extreme continues to invest in software and AI to expand the automation capabilities across our portfolio of edge-to-cloud networking solutions. After scaling Extreme's business to $1B in revenue and expanding our portfolio to include end-to-end enterprise networking solutions, we are now taking the next step to transform our business to add sustainable, subscription-oriented cloud-based solutions that will enable us to drive recurring revenue and improved cash flow generation. Extreme expects this deal to be accretive to our FY20 outlook as it accelerates our plans to achieve over 60% gross margin and 15% operating income on an exit run rate."

David Flynn, President and CEO of Aerohive, said "the role that cloud-managed technology plays in modern enterprises is impossible to overstate – it is where digital transformation is won and lost. Aerohive's expertise and excellence in cloud management and edge technology, combined with Extreme's extensive solutions portfolio and continued investment in software and AI for automation, gives our customers the most advanced digital experiences in the market. Together we will push networking into a new era – making infrastructure smarter, more autonomous, and the driver of business value."

Extreme to acquire Avaya networking for $100m with winning bid

Extreme Networks announced that, having entered into an asset purchase agreement under which it would serve as primary bidder in a sale under the bankruptcy code to acquire Avaya's networking business for approximately $100 million, it has been approved as the winning bidder to acquire the Avaya business.Under the bidding process, the assets of Avaya's networking business unit will be sold to Extreme for approximately $100 million, in accordance...

Extreme to Acquire Brocade's Switching Business for $55 Million

Extreme Networks agreed to acquire Brocade Communications Systems' data center switching, routing, and analytics business from Broadcom following Broadcom's acquisition of Brocade. The deal is valued at $55 million in cash, consisting of $35 million at closing and $20 million in deferred payments, as well as additional potential performance based payments to Broadcom, to be paid over a five-year term. The sale is contingent on Broadcom closing its...

Wednesday, August 1, 2018

Aerohive says 28% of revenue now comes from subscriptions

Aerohive Networks reported total revenue for the second quarter of fiscal year 2018 of $40.5 million, compared with $42.2 million for the second quarter of 2017. Subscription and support revenue was $11.2 million, or 28% of total revenue, for the second quarter of fiscal year 2018, compared with $10.1 million, or 24% of total revenue, for the second quarter of 2017. GAAP net loss was $2.8 million for the second quarter of fiscal year 2018, compared with a net loss of $3.8 million for the second quarter of 2017. GAAP gross margin was 66.0% for the second quarter of fiscal year 2018, compared with 67.7% for the second quarter of 2017. Non-GAAP net income was $0.9 million for the second quarter of fiscal year 2018, compared with a net income of $0.7 million for the second quarter of 2017.

“We’re pleased with our performance in the second quarter, as we continue to improve our execution and strengthen our financial foundation. We grew our Enterprise business by double digits, which has further lowered our dependence on the U.S. K-12 market,” stated David Flynn, President and Chief Executive Officer.

Thursday, November 9, 2017

Aerohive brings Smarter RF Optimization for Wi-Fi

Aerohive Networks is introducing advanced spectrum analysis capabilities for diagnosing and mitigating network performance issues resulting from RF interference.

Aerohive's advanced spectrum analysis can be used to determine the extent and source of RF interference. Spectrum Intelligence as a troubleshooting feature is complemented by the Aerohive Channel Selection Protocol (ACSP), as a channel-optimization capability.

Aerohive plans to integrate the Spectrum Intelligence feature with other troubleshooting tools and by adding machine learning functionality with the goal of providing integrated diagnostics and optimization capabilities.

Wednesday, November 1, 2017

Aerohive lands OEM deal with Dell EMC

Aerohive Networks announced an Original Equipment Manufacturing (OEM) agreement with Dell EMC covering its full portfolio of Wi-Fi Access Points and HiveManager NG Cloud Management Platform as a Dell EMC-branded solution.

Aerohive said the agreement includes comprehensive and collaborative sales, marketing, support, services, and logistics capabilities that enable Dell EMC’s sales teams and channel partners to go to market with a unified Wi-Fi and Switching solution that is managed by a Dell EMC-branded and Aerohive-based Cloud. The OEM agreement announced today is globally operational, effective immediately.

“We are proud that Dell EMC has shown the confidence in both our product and organization to move to a full OEM partnership,” said David Flynn, chief executive officer, Aerohive Networks. “With Dell EMC’s global reach as a trusted partner to IT organizations around the globe, Aerohive now has a partner that is a force multiplier to help drive Cloud Managed Wi-Fi and Switching to the broader market.”

Saturday, October 28, 2017

Aerohive adds NFV-appliance for branch offices

Aerohive Networks introduce a software-defined, cloud networking platform that uses a network-function-virtualized (NFV) appliance to extend a corporate network to remote workers and branch offices.

Any Aerohive access point can operate as a tunnel terminator for the Aerohive VPN solution.

With this launch, Aerohive is now offering a cloud managed Virtual Gateway Appliance (VG-VA) that can handle over a thousand IPsec tunnels and can be installed in any VMware-virtualized environment.

Aerohive said its VG-VA also provides additional functions on top of extending VPN capabilities, including centralizing authentication and GRE tunneling support to offer additional scalability in an extensible form factor.

Tuesday, August 15, 2017

Aerohive: Growth in 802.11ac Wave 2 Dual 5 GHz APs

Aerohive Networks is reporting that sales of its dual 5 GHz-based 802.11ac Wave 2 access points accounted for 45 percent of its access point sales in Q2 of 2017. Dual 5 GHz delivers greater network efficiency and performance. Aerohive features artificial intelligence-assisted, software-definable radios (SDR) coupled with RF-IQ technology that can dynamically optimize dual 5 GHz environments for maximum efficiency and performance.

Aerohive said its AP250 and AP550 have both 802.11ac 5 GHz fixed and software-definable radios that can transmit on either the 2.4 GHz or 5 GHz band. This allows the APs to operate in either 2.4 GHz and 5 GHz mode or dual 5 GHz mode. The latest updates enable these Aerohive access points to autonomously adapt with current environmental and client conditions, mitigating congestion challenges and providing higher network capacity and performance gains. These access points result in a better ROI than fixed-band radios, as both fixed and software-defined radios can be used at all times to serve clients.

“The entire networking world is moving toward the software-defined model, which is what makes the dual 5 GHz solution so compelling,” said Changming Liu, chief technology officer and founder, Aerohive Networks. “We uniquely overcame many technical challenges to isolate radios to support simultaneous dual 5 GHz operation in a compact AP form factor, and give control back to the end user instead of the vendor, with software-defined radios that let them deploy the radio in the best mode they see fit for their environment. This not only gives the end user the best Wi-Fi experience, but also dramatic cost savings by deploying one AP instead of two with less interference, equipment, cabling, and power consumption.”

Thursday, October 13, 2016

Aerohive Trims Guidance

Citing slower E-Rate funding approvals, Aerohive Networks trimmed its financial guidance, saying it now expects revenue for the third fiscal quarter to be $40 million, which is below the company's previously stated guidance of $46 million to $50 million.
On a GAAP basis, the company expects gross margin for the third fiscal quarter to be between 66.3 percent and 66.8 percent and net loss per share for the third fiscal quarter to be between $0.19 to $0.20, compared with previously stated guidance of a net loss of $0.14 to $0.20 per share.

“The pace of E-Rate funding approval letters slowed significantly in the last weeks of the third quarter. As of the end of the quarter, funding approvals for the program were running nearly 70 percent below the pace of last year,” stated David Flynn, President and Chief Executive Officer. “This significant decline in approvals was the primary driver of our weaker-than-expected order volume in the quarter, resulting in revenues below our prior guidance. Lower variable operating expenses in the quarter partially offset the revenue weakness and allowed us to be cash flow positive.”

Aerohive expects fourth quarter revenue of $43 million to $45 million.

Wednesday, August 3, 2016

Aerohive Posts Q2 Revenue of $47.6 Million, up 29% YoY

Aerohive Networks posted Q2 2016 revenue of $47.6 million, an increase of 29% compared with $36.8 million for the second quarter of 2015 and an increase of 19% compared with $40.1 million for the first quarter of 2016. There was a GAAP net loss of $7.4 million, compared with $10.8 million in the second quarter of 2015. GAAP gross margin was 67.5%, compared with 67.0% in the year-ago period.

Software subscription and services revenue was $8.1 million, or 17% of total revenue for the quarter, compared with $6.1 million, or 17% of total revenue, for the second quarter of 2015.

 “We delivered record results in Q2 through strong execution in the face of some market headwinds, leading to our fifth consecutive quarter of exceeding expectations on both the top and bottom line and continued progress toward non-GAAP operating profitability,” stated David Flynn, President and Chief Executive Officer. “I am also pleased with the significant progress we made in our business to strengthen our channels and product offerings, including the introduction of 7 new products in Q2.”

Wednesday, May 4, 2016

Aerohive Sees Sales Jump 55% for Enterprise Wi-Fi

Aerohive Networks, which supplies cloud networking and enterprise Wi-Fi, reported Q1 sales of $40.1 million, an increase of 55.4% compared with $25.8 million for the first quarter of 2015 and a decrease of 13.2% compared with $46.2 million for the fourth quarter of 2015. Software subscription and services revenue was $7.7 million, or 19% of total revenue for the quarter, compared with $5.3 million, or 21% of total revenue, for the first quarter of 2015.

For the first quarter of 2016, GAAP net loss was $12.5 million, compared with $15.8 million in the first quarter of 2015. GAAP gross margin was 66.8%, compared with 66.5% in the year-ago period.

“We’re pleased to deliver our fourth consecutive quarter of exceeding expectations on both the top and bottom line,” stated David Flynn, President and Chief Executive Officer. “We continue to see strong demand for our technology across our key verticals and remain on track to achieve non-GAAP operating profitability in 2016.”

Tuesday, April 26, 2016

Dell Pushes Ahead with its Open Networking Initiatives

Dell announced several steps in advancing its Open Networking initiatives:

  • Newly released Operating System 10 (OS10) aligns with community building and integration projects including Open Compute Project’s (OCP) Software for Open Networking in the Cloud (SONiC) and partners Ansible, F5 and Silverpeak. 
  • Dell OS10 and OCP SONiC– Dell, in conjunction with Microsoft Azure and other industry leaders, made foundational contributions to the newly-announced SONiC effort. The goal is to open source all the components needed to build fully-functional networking software. SONiC is a collection of software packages/modules that can be installed on Linux on a network hardware switch which makes it a complete, functional router. Dell has successfully integrated its OS10 base software to serve as a foundational element for SONiC.
  • Ansible – from app deployment to multi-tiered orchestration, Ansible Tower by Red Hat powers enterprise automation by adding control, security and delegation capabilities.
  • F5 – F5 with OS10 delivers load balancing over active-active clusters across network services for scale out deployments.
  • Silver Peak – Silver Peak provides optimized SD-WAN interconnects between the data center and branch offices across public and private clouds.
  • Two new in-rack switches are optimized to accelerate 10G deployments and harness the latest silicon-based features. The S4048T-ON and S6010-ON are ONIE-compliant to provide cloud and Web 2.0 customers an Open Networking environment with fully-tested and validated third-party operating systems. They include advanced features for VXLAN, larger tables and expanded buffering compared to other Dell models.
  • A new collaboration with  Aerohive will deliver cloud-managed solution that integrates and manages wired and wireless infrastructure. The co-branded solution incorporates Dell N-Series switches and Aerohive access points into Aerohive’s HiveManager NG – a next-generation cloud-based management solution.

Monday, April 13, 2015

Aerohive to Miss on Q1 Financials

Aerohive announced preliminary results for Q1, saying it now expects net revenue to be in the range of $25 million to $26 million, which is below the company's previously stated guidance of $29 million to $31 million.

“While our international business performed to expectations, our North America business fell well short of expectations,” stated David Flynn, President and Chief Executive Officer. “This result primarily reflects the combination of significantly lower than expected U.S. education business during the quarter, orders received late in the quarter that could not be recognized as revenue, and continued sales execution challenges that we have seen during the last few quarters. Despite this result, we remain confident in the business opportunity before us as we continue to take actions to improve execution and our results, including the hiring of our new sales leader.”

Separately, Aerohive announced the appointment of Tom Wilburn as Senior Vice President, Worldwide Sales. Wilburn most recently was Vice President of Global Enterprise Networking Sales at Cisco.

Thursday, October 16, 2014

Verizon Adds Aerohive Secure Enterprise Wi-Fi Router With Embedded LTE

Aerohive Networks introduced an enterprise Wi-Fi router optimized for branch offices and retail locations and featuring embedded LTE for the Verizon network.

The Aerohive BR200-LTE-VZ Router provides embedded Verizon 4G LTE capabilities, along with centralized cloud management and easy deployment features. It combines Aerohive’s and LTE technologies to equip retail and branch locations with integrated Wi-Fi, switching, routing, and firewall for employee and guest access along with high-speed WAN connectivity to headquarters.

Since Aerohive’s HiveManager Network Management System has the ability to manage devices from the cloud, a central administrator can control wireless access remotely, regardless of where the BR200-LTE-VZ routers are physically located. The integrated solution’s built-in identity-based access control, network-based mobile device management and simplified client health statistics empower IT administrators to control the network edge based on identity and device type.

Aerohive’s BR200-LTE-VZ router is available today and starts at $1,199 US list.

Tuesday, October 14, 2014

Aerohive Cuts Q3 Guidance

Aerohive Networks, which specializes in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, trimmed its financial guidance, saying it now expects revenue for the quarter to be approximately $34.5 million to $35.5 million, which is below the company's previously stated guidance of $38.0 million to $40.0 million. The company also expects for the third quarter net loss per share on a GAAP basis to be in the range of 18 cents to 16 cents, compared with the company’s previously stated guidance of 16 cents to 14 cents.

“As we approached the end of the third quarter we saw weaker-than-expected order volume that led to revenues below our prior guidance. The Q3 shortfall was primarily in our less-developed sales territories where sales capacity is not ramping as quickly as expected and performance has been inconsistent,” stated David Flynn, President and Chief Executive Officer. “Our more mature sales territories generally continued to perform well, following the strong growth they have delivered in recent quarters. We do not believe this quarter’s performance reflects a fundamental shift in the market demand for our products - we added over 1500 new end-customers in the quarter, and we remain confident in our long-term strategy and growing market opportunity.”

Monday, September 8, 2014

802.11ac Drives Industry Refresh Cycle

802.11ac pushes Wi-Fi into the gigabit domain. We are now seeing .11ac shipping as standard on smartphones, tablets, laptops and wide range of consumer and business access points.

Bringing gigabit power to the last link means that its time to upgrade other segments of the network and the numbers are now showing faster uptake than in previous upgrade cycles.

This video, sponsored by Vitesse Semiconductor, brings together thought leaders from across the ecosystem to discuss why 802.11ac is important and how it is driving an industry upgrade cycle, including:

  • Edgar Figueroa, President of the Wi-Fi Alliance
  • Matthew Gast, Director of Advanced Technology, Aerohive Networks
  • Chris DePuy, Vice President, Dell'Oro Group
  • Martin Nuss, Chief Technology Officer, Vitesse Semiconductor
  • Ben Gibson, Chief Marketing Officer, Aruba Networks
  • Chris Spain, Vice President, Cisco
  • Pravin Bhagwat, Co-Founder and CTO, Airtight Networks
  • Larry O'Connell, Product Marketing Director, Vitesse Semiconductor

Friday, March 28, 2014

Aerohive Completes IPO

Aerohive Networks completed an initial public offering  and its shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol "HIVE".

Aerohive specializes in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market.  The company claims deployments in over 13,000 enterprises worldwide.

Aerohive was founded in 2006 and is headquartered in Sunnyvale, California.

Thursday, February 13, 2014

Aerohive Files for IPO

Aerohive Networks, which specializes in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating for a proposed initial public offering (IPO) of shares.

Aerohive is based in Sunnyvale, California.

  • Aerohive is headed by David Flynn, who previously was Vice President of Marketing and Product Management at NetScreen (acquired by Juniper). Later, he was Juniper's Vice President of Products for the Security Products Group.