Aruba Networks Acquires Azalea Networks for $40,500,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6955540c-6bfa-4d04-ad8a-e2993f2c29d3&Preview=1 -
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
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Proceeds Purposes
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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.
