Fortinet to Acquire Meru Networks

Acquisition Expected to Bolster Fortinet’s Secure Wireless Solutions, Add Enterprise Customers, and Expand Total Addressable Market

Fortinet is all set to acquire Meru Networks, according to a definitive agreement announced today.

The acquisition which is synergistic with Fortinet’s secure wireless vision and enterprise growth focus, broadens the company’s solutions portfolio, and expands its opportunity to uniquely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions.

“The acquisition of Meru Networks maps to our overall security vision of combining strong network security with ubiquitous connectivity,” said Ken Xie, founder, chairman and CEO of Fortinet. “We believe the extension of our market-leading end-to-end security platform will increase our growth opportunities and benefit our customers and partners globally.”

In addition, Meru’s portfolio of more than 33 awarded patents and 35 pending patents bolsters Fortinet’s more than 210 issued and allowed patents worldwide, and over 165 pending patent applications, and represent innovation that will benefit the more than 14,000 Meru customers and 210,000 Fortinet customers worldwide.

Dr. Bami Bastani, president and CEO of Meru Networks said, “Meru’s technology differentiation, and its position as the only ONF-certified SDN wireless solution, along with Fortinet’s core, edge and access security solutions, will provide a broader solutions portfolio for our sales teams and channel partners.”