Aruba Networks Acquires Azalea Networks for $40,500,000
- Feed Type
- 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
- 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.
