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ARUBA NETWORKS RAISES $25 MILLION IN SERIES D FINANCING
Aruba Networks, the Mobile Edge Company, today announced that it has closed a series D round of funding, securing an additional $25 million in equity financing. The latest round brings the total equity investment in the company to $84 million.
The new round of financing was led by Artis Capital Management, LLC, with additional participation from all existing equity investors including Matrix Partners, Sequoia Capital, Trinity Ventures, and WK Technology Fund. Aruba will use the funds to support expanding operations and increased sales and marketing efforts worldwide.
"Our business continues to grow at an accelerating pace through our direct sales force, channel partners, and OEM relationships, both domestically and internationally. Aruba has now surpassed the 1,000 customer milestone and has recorded nearly 100% quarter-to-quarter growth," said Steffan Tomlinson, chief financial officer for Aruba Networks. "At this juncture, as we expand into new geographies and further develop our current markets, it is essential that we invest in our operations, sales, and marketing activities, further solidifying our market leadership position."
Aruba Networks manufactures and markets a complete line of enterprise-class, highly-secure wireless LAN and mobility solutions including mobility controllers, access points, and mobility software. The company has just introduced the mobile edge, a new networking architecture designed to effectively address three top concerns of IT managers-mobility, security, and convergence. The mobile edge extends the reach of enterprise networks, providing secure access to information and voice services anywhere a user needs them, enabling new applications, allowing organizations to compete more effectively, and bringing about dramatic economic benefits.
"Aruba has solidly established itself as a key player in the networking industry with offerings crossing several dynamic and expanding market segments ranging from WLANs to network security and VoIP to enterprise mobility," said Stuart Peterson, Managing Partner with Artis Capital. "Aruba's large, marquis customer base, industry-leading technology, experienced management team, and strong sales momentum give us great confidence, and we are excited to be a participant in the company's future." 24.10.2005, Aruba Networks, Inc.
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