Fortinet, a cyber security solutions vendor, is set to buy Meru Networks, a provider of Wi-Fi networking, for $44 million.
Sunnyvale, CA-based Meru was founded in 2002 and has more than 300 employees worldwide. Meru reported revenue of $90.9 million in 2014.
The acquisition is line with Fortinet’s strategies to grow further in the secure enterprise wireless market, expand its solutions business, and enhance its opportunity to address the $5 billion enterprise Wi-Fi market with integrated secure wireless solutions.
Fortinet also announced a new FortiGuard mobile security subscription service to protect mobile devices and applications across enterprises.
The addition of Meru’s Wi-Fi solutions to the Fortinet portfolio extends the delivery of a secure user experience for wireless users, such as enterprise, education, healthcare, and hospitality.
Ken Xie, founder, chairman and CEO of Fortinet, said: “We expect this to accelerate our innovation through the delivery of new solutions and services to help enterprises of all sizes deploy, manage and secure wired and wireless networks in a mobile era.”
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, and over 165 pending patent applications, and represent innovation that will benefit the more than 14,000 Meru customers and 210,000 Fortinet customers.
“The combination of Fortinet and Meru is expected to strengthen our position in the enterprise wireless market, addressing the requirements of CIOs to provide secure, uninterrupted connectivity for their highly mobile end-users,” said Bami Bastani, president and CEO of Meru Networks.
FortiGuard Mobile Security subscription service
Meanwhile, Fortinet launched a new FortiGuard Mobile Security subscription service. Deployable on its FortiGate integrated security appliances, this new service is designed to protect mobile devices across enterprises, particularly in BYOD scenarios.
FortiGuard Mobile Security subscription services will strengthen Fortinet’s solutions platform and reinforce its commitment to protecting enterprise customers’ critical assets in both wired and wireless environments.
The new FortiGuard Mobile Security subscription service includes mobile application control and mobile malware protection across both Apple IOS and Android environments.
“IT infrastructure is evolving with BYOD, cloud, SDN, hybrid WAN and secure WLAN, making the enterprise more flexible, yet at the same time exposing new points of entry for the malicious attacks,” said John Maddison, VP marketing products at Fortinet.
Fortinet FortiGuard subscription services provide comprehensive cyber security protection against content and network level threats.