In 2012, Aerohive was listed on The Wall Street Journal's list of "Top 50 Start-Ups."[6] The company raised around $105 million in venture capital funding before undergoing an IPO in March 2014.[7][8]
On June 26, 2019, Extreme Networks announced its intent to acquire Aerohive for a purchase price of approximately $272 million. The acquisition closed on August 9, 2019.[9][10][11]
Aerohive was founded in 2006 by Changming Liu. That same year, the company raised $4 million in series A roundfunding. In July 2007, the company raised an additional $20 million in series B round funding led by Kleiner Perkins Caufield & Byers.[12] Aerohive completed a series C round of funding, raising $23.5 million to expand its sales and marketing strategy in March 2010.[13][14] In 2011, the company acquired Pareto Networks, a cloud-based routing service, the acquisition allowed Aerohive to integrate Pareto's cloud management technology into its existing offerings.[15][16][17] In September 2012, Aerohive raised $22.5 million in a series E round of funding and announced its plans to undergo an IPO the following year.[18] The company raised an additional $10 million in funding as it prepared to go public, in 2013.[8] On March 28, 2014, the company was listed on the New York Stock Exchange under the HIVE symbol.[19] Aerohive joined Barack Obama'sConnectED initiative in October 2014, when it partnered with Apple Inc. and provided wireless connectivity to the schools receiving Apple products.[20]
Aerohive announced that its devices would operate more seamlessly with Barracuda Networks security products in May 2015.[21] In September 2015, the company announced a technology alliance with Juniper Networks.[22] In January 2016, the company released HiveSchool, a learning application for K-12 classrooms that runs on any network with any computer running the Google Chrome web browser.[23] The company announced that it had entered a distribution agreement with Synnex Corporation in February 2016. The agreement named Synnex as the exclusive distributor of Aerohive products in Canada.[24] In April 2016, Aerohive announced a strategic partnership with the technology company Dell.[25]
On June 26, 2019 Extreme Networks was reported to take over Aerohive Networks. The acquisition was completed on August 9, 2019, at an aggregate purchase price of approximately $272 million. Accounting for Aerohive's net cash balance of $62 million at the end of its fiscal first quarter, the deal is equivalent to an enterprise value of $210 million.[11][9]
^"Extreme Networks Completes Acquisition of Aerohive Networks". finance.yahoo.com. Retrieved 2019-08-10.
^ ab"Extreme Networks Completes Acquisition of Aerohive Networks". Extreme Networks, Inc. Retrieved 2019-08-10.
^"Aerohive Adds $20 Million". The PE Hub Network. 30 July 2007.
^"Aerohive Networks Secures $23,500,000 Series C Financing Round". XConomy. 23 March 2010.
^Berndtson, Chad (5 August 2010). "Aerohive Gains Partners, And Finally, A Buzz in WLAN Channel". CRN.
^Berndston, Chad (20 November 2012). . CRN Magazine. Archived from the original on 27 November 2012. Retrieved 28 November 2012.
^"The Daily Start-Up: Aerohive Buzzes With $22.5M Led by IVP Amid Sweet Mobile Connectivity Demand". The Wall Street Journal. September 12, 2012. Retrieved 30 November 2012.
aerohive, networks, american, multinational, computer, networking, equipment, company, headquartered, milpitas, california, with, additional, offices, worldwide, company, founded, 2006, provided, wireless, networking, medium, sized, larger, businesses, company. Aerohive Networks Inc was an American multinational computer networking equipment company headquartered in Milpitas California with 17 additional offices worldwide 4 The company was founded in 2006 and provided wireless networking to medium sized and larger businesses 4 5 Aerohive Networks Inc Company typePublicTraded asNYSE HIVERussell 2000 Index componentIndustryinformation technologyFounded2006 18 years ago 2006 1 FounderChangming LiuDefunct2019 2019 HeadquartersMilpitas California U S Key peopleDavid Flynn CEO ProductsCloud Managed Networking AI and ML powered management Wi Fi access points switches branch routers and application servicesRevenueUS 169 8 million 2016 2 Number of employees460 2018 3 Websiteaerohive com In 2012 Aerohive was listed on The Wall Street Journal s list of Top 50 Start Ups 6 The company raised around 105 million in venture capital funding before undergoing an IPO in March 2014 7 8 On June 26 2019 Extreme Networks announced its intent to acquire Aerohive for a purchase price of approximately 272 million The acquisition closed on August 9 2019 9 10 11 Contents 1 History 2 See also 3 References 4 External linksHistory editAerohive was founded in 2006 by Changming Liu That same year the company raised 4 million in series A round funding In July 2007 the company raised an additional 20 million in series B round funding led by Kleiner Perkins Caufield amp Byers 12 Aerohive completed a series C round of funding raising 23 5 million to expand its sales and marketing strategy in March 2010 13 14 In 2011 the company acquired Pareto Networks a cloud based routing service the acquisition allowed Aerohive to integrate Pareto s cloud management technology into its existing offerings 15 16 17 In September 2012 Aerohive raised 22 5 million in a series E round of funding and announced its plans to undergo an IPO the following year 18 The company raised an additional 10 million in funding as it prepared to go public in 2013 8 On March 28 2014 the company was listed on the New York Stock Exchange under the HIVE symbol 19 Aerohive joined Barack Obama s ConnectED initiative in October 2014 when it partnered with Apple Inc and provided wireless connectivity to the schools receiving Apple products 20 Aerohive announced that its devices would operate more seamlessly with Barracuda Networks security products in May 2015 21 In September 2015 the company announced a technology alliance with Juniper Networks 22 In January 2016 the company released HiveSchool a learning application for K 12 classrooms that runs on any network with any computer running the Google Chrome web browser 23 The company announced that it had entered a distribution agreement with Synnex Corporation in February 2016 The agreement named Synnex as the exclusive distributor of Aerohive products in Canada 24 In April 2016 Aerohive announced a strategic partnership with the technology company Dell 25 In September 2016 the company released SD LAN a software defined network that functions on local area networks 26 And then in August 2018 the company shipped the first family of enterprise class 802 11ax access points Wi Fi 6 along with the first enterprise class pluggable wireless access point ATOM AP630 27 28 On June 26 2019 Extreme Networks was reported to take over Aerohive Networks The acquisition was completed on August 9 2019 at an aggregate purchase price of approximately 272 million Accounting for Aerohive s net cash balance of 62 million at the end of its fiscal first quarter the deal is equivalent to an enterprise value of 210 million 11 9 See also editList of networking hardware vendorsReferences edit Aerohive Networks Reports Fourth Quarter and Fiscal Year 2016 Results Record Revenue for Software and Subscriptions Business Growing 31 in 2016 Aerohive Networks Archived from the original on 2017 08 31 Retrieved 2017 08 31 AEROHIVE NETWORKS INC Aerohive Networks Inc Profile a b Ludwig Sean September 11 2012 Cloud based networking startup Aerohive Networks readies for IPO with 22 5M funding grab VentureBeat Retrieved 28 November 2012 Rao Leena March 28 2011 Cloud Based Networking Company Aerohive Networks Raises 25 Million TechCrunch Retrieved 28 November 2012 Looking for the Next Big Thing Ranking the Top 50 Start Ups Wall Street Journal 27 September 2012 Deals of the Day Jos A Bank Buying Eddie Bauer a b Aerohive networks Files for 75 Million IPO 14 February 2014 a b Narcisi Gina 2019 08 09 Extreme Networks Closes 210 Million Aerohive Acquisition CRN Retrieved 2019 08 10 Extreme Networks Completes Acquisition of Aerohive Networks finance yahoo com Retrieved 2019 08 10 a b Extreme Networks Completes Acquisition of Aerohive Networks Extreme Networks Inc Retrieved 2019 08 10 Aerohive Adds 20 Million The PE Hub Network 30 July 2007 Aerohive Networks Secures 23 500 000 Series C Financing Round XConomy 23 March 2010 Berndtson Chad 5 August 2010 Aerohive Gains Partners And Finally A Buzz in WLAN Channel CRN Berndston Chad 20 November 2012 Cisco Competitors Say Meraki Move Makes Them More Attractive CRN Magazine Archived from the original on 27 November 2012 Retrieved 28 November 2012 The Daily Start Up Aerohive Buzzes With 22 5M Led by IVP Amid Sweet Mobile Connectivity Demand The Wall Street Journal September 12 2012 Retrieved 30 November 2012 Wexler Joanie 18 January 2001 Aerohive Buys Cloud Startup Pareto Networks Network World Shawber Gloria Wang 12 October 2012 Fast Private Aerohive is all the buzz with Wi Fi solutions San Jose Business Journal Novet Jordan 28 March 2014 Hardware Company Aerohive Has a Bouncy IPO Today With Ups amp Downs VentureBeat Bent Kristen 28 October 2014 Aerohive Networks Team With Apple To Drive Obama s ConnectED Program CRN Schaffhauser Dian 26 May 2015 Barracuda and Aerohive Bolster Wireless Security Product Ties The Journal Haranas Mark 17 September 2015 Juniper Forms Alliance With Aerohive Says Aruba Partnership Still Intact CRN Meyer Leila 20 January 2016 Aerohive Debuts HiveSchool The Journal Aerohive Makes Synnex Exclusive Distributor of WiFi Portfolio to U S Canada Cabling Installation and Maintenance 18 February 2016 Haranas Mark 28 April 2016 Dell Aerohive Partnership Smells Like an Acquisition Ahead Partners Say Kerravala Zeus 13 September 2016 Aerohive Introduces the Software Defined LAN Network World Wen Howard 1 October 2018 802 11ax preview Access points and routers that support the Wi Fi 6 protocol on tap NetworkWorld Irei Alissa 27 September 2018 Aerohive s Atom 802 11ax access points win innovation award TechTarget External links editBusiness data for Aerohive Networks BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title Aerohive Networks amp oldid 1220928548, wikipedia, wiki, book, books, library,
