Aruba , the Sunnyvale local area network wireless company, is about to go public. Back in April, the company did a CEO change in order to prepare for the move. Now, the new CEO, Dominic Orr, is making the rounds, talking openly with reporters (like us) before he goes into “quiet period” legally mandated before an IPO.
And LightReading has a story about this: The firm’s new president and CEO Dominic Orr says that Aruba could now IPO “within months,” according to the report.
Read the story, and you’ll see that the company makes a 65 percent profit margin. That’s pretty big, and you wonder why all the competition (Cisco, Trapeze, to name two companies) hasn’t chipped away at that.
Aruba is consistently ranked amoung the top-selling enterprise wireless LAN vendors, generally number three to Cisco Systems Inc. (Nasdaq: CSCO - message board) and Symbol Technologies Inc. (NYSE: SBL - message board)’s respective first and second places. (See Cisco’s WLAN Stranglehold.) Former Alteon head Orr says that going public would help Aruba with “branding” and name recognition so that the company wouldn’t have to prove itself when going after big deals.
(Souce: LightReading)
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9:53 am
VentureBeat Wire » Aruba raises $5M, sweetening pot before going public? said:
[...] Aruba Networks, the Sunnyvale provider of wireless LAN technology which we reported earlier appeared to be getting ready to go public, has raised around $5 million in more funding, according to a regulatory filing cited by PE Week. [...]