M&A Deal Summary

Fortinet Acquires Meru Networks

On July 8, 2015, Fortinet acquired information technology company Meru Networks for 44M USD

Acquisition Highlights
  • This is Fortinet’s 1st transaction in the Information Technology sector.
  • This is Fortinet’s largest (disclosed) transaction.
  • This is Fortinet’s 6th transaction in the United States.
  • This is Fortinet’s 5th transaction in California.

M&A Deal Summary
Date 2015-07-08
Target Meru Networks
Sector Information Technology
Buyer(s) Fortinet
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

Meru Networks

Sunnyvale, California, United States
website
Meru Networks, Inc. develops and markets wireless infrastructure solutions.

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Buyer(S) 1

Buyer

Fortinet

Sunnyvale, California, United States

website

Category Company
Founded 2000
Sector Information Technology
Employees12,595
Revenue 4.4B USD (2022)
DESCRIPTION
Entrance to Fortinet's corporate headquarters in Sunnyvale, California.
Entrance to Fortinet's corporate headquarters in Sunnyvale, California.

Fortinet provides network security appliances and unified threat management network security solutions. Fortinet was founded in 2000 and is based in Sunnyvale, California.

DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 7 of 12
State (California) 5 of 6
Country (United States) 6 of 11
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 Coyote Point Systems

San Jose, California, United States

Coyote Point Systems, Inc. is a provider of application delivery, acceleration and load balancing solutions that enable IT personnel to have greater control over their web and application servers. Coyote Point’s Equalizer, Equalizer OnDemand, Envoy and VLB products provide the industry's foremost combination of performance, affordability and ease of use offering 24/7 server high-availability, optimized server performance, flexible scalability and secure application and network access.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 AccelOps

Santa Clara, California, United States

AccelOps, Inc. is a provider of network security monitoring and analytics solutions. AccelOps has fundamentally changed the way organizations identify, prevent and manage threats, unifying network security monitoring and network performance analytics by providing unprecedented insight into the network.

Buy -
Mergr

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