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Fortinet to acquire Meru Networks for USD 44 mln
2015-05-27 18:25:00| Telecompaper Headlines
(Telecompaper) Fortinet announced an agreement to acquire Meru Networks for USD 44 million, expanding its position in the secure wireless networking market. The company said its FortiAP wireless access points and FortiWiFi security appliances are already its fasting-growing products. The addition of Meru's Wi-Fi products extends its portfolio for environments requiring high-capacity load and a high-density of wireless users, such as enterprise, education, healthcare and hospitality. Meru's product range includes access points, controllers, SDN-enabled Wi-Fi system software, and cloud and virtual wireless controllers and appliances. In addition, Meru brings more than 33 awarded patents and 35 pending patents and over 14,000 customers worldwide. Under the terms of the agreement, Fortinet will pay USD 1.63 per Meru share in cash, an equity value of USD 44 million. Based in California, Meru had over USD 90 million in revenues last year. The takeover is expected to close in Q3. Fortinet also announced new FortiGuard mobile security subscription service to protect mobile devices and applications across the enterprise. Deployable on its FortiGate integrated security appliances, this new service is designed for BYOD scenarios.
Tags: networks
usd
acquire
mln
K&N Air Filters Awards Scholarships to 3 Exceptional Alhambra USD High School Students
2015-05-26 18:44:08| K&N Engineering, Inc. Corporate News
K&N honors the very best Alhambra Unified automotive students by sponsoring the Outstanding Student Award; the highest level of recognition within the Alhambra automotive program.
Tags: high
school
air
students
GaN Industrial Devices Market Is Expected To Reach USD 1,315.0 Million In 2021. By Volume, Global GaN Industrial Devices Market Is Expected To Reach 3,427.2 Million Units In 2021
2015-05-26 05:24:09| rfglobalnet Home Page
According to a new market report published by Transparency Market Research “GaN Industrial Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the market was valued at USD 481.8 million in 2014, which is expected to reach USD 1,315.0 million by 2021, growing at a CAGR of 15.1% from 2015 to 2021.
Line trials USD 2 per month music streaming app
2015-05-22 09:21:00| Telecompaper Headlines
(Telecompaper) Mobile messaging service Line has started testing a USD 2 per month music streaming app, TechCrunch reported. Line Music is being tested in Thailand, where Line has carried out a series of other pilots related to its shift into value added services. The app is available for iOS and Android and is integrated into the chat app to allow users to share songs with Line friends, or post to their timeline inside the app. Line declined to say how many tracks that the new service has. The company has signed licensing deals with a number of music labels in Thailand, including RS Music. Thailand, with 30 million registered Line users, is the company's second largest market behind its native Japan. Initially, Line is offering Music users one month of free access to the service, after which the USD 2 per month fee will kick in. Line declined to say whether and when it will expand the service into other markets.
Telefonica to invest USD 200 mln in new innovation platform
2015-05-18 13:57:00| Telecompaper Headlines
(Telecompaper) Telefonica and seed investor Coral Group have joined forces to create an investment platform aimed at accelerating the development of innovative products and initiatives for the operator's customers in Europe and Latin America. Under the terms of the strategic partnership Telefonica will invest USD 200 million in Coral's Communications Investment Platform (CIP) via its Open Future programme. Telefonica said its investment in CIP would help it to form "innovation factories" to accelerate the creation of new and disruptive technologies for its 320 million customers. The partners added that they are looking to expand the reach of the CIP with up to four additional communication service providers around the world, ultimately investing up to USD 1 billion in new technologies and services to reach 1-2 billion customers.
Tags: usd
platform
innovation
invest
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