Aerohive Networks Does IPO
29-03-2014, 09:16 AM,
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Aerohive Networks Does IPO
Enterprise Wi-Fi vendor Aerohive Networks debuted on the New York Stock Exchange on Friday, pricing its shares at $10 last night. The company raised its original target of $75 million through the initial public offering. Aerohive hotspots are different from the pack by not offering a hardware Wi-Fi controller, which would normally manage all of the nodes in a corporate wireless network. Instead Aerohive has moved its controller to the cloud and sells it to businesses as a managed service. The enterprise Wi-Fi market is dominated by Cisco and Aruba Networks but a dozen other specialist players, such as Ruckus Wireless, are vying for market share. Posted on Fri, 28 Mar 2014 21:02:44 +0000 at http://www.dailywireless.org/2014/03/28/...-does-ipo/ Comments: http://www.dailywireless.org/2014/03/28/.../#comments |
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