Aruba Networks Acquires Azalea Networks for $40,500,000

  • Feed Type
  • Date
    5/10/2010
  • Company Name
    Azalea Networks
  • Mailing Address
    673 S. Milpitas Blvd Milpitas, CA 95035
  • Company Description
    Azalea Networks is the world’s leading company dedicated to wireless mesh R&D, equipment and wireless communication system software.
  • Website
    http://www.azaleanet.com
  • Transaction Type
    M&A
  • Transaction Amount
    $40,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Aruba will acquire Azalea in exchange for total consideration of approximately $27M in stock subject to certain adjustments and up to $13,500,000 in cash over two years.

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