About This Deal

Fortinet acquired Meru Networks, Inc. for $41.8 million, a transaction announced in July 2015.

Acquired the Wi-Fi networking vendor via a cash tender offer to add wireless LAN products to Fortinet's portfolio.

Acquired the Wi-Fi networking vendor via a cash tender offer to add wireless LAN products to Fortinet's portfolio.

Deal Terms

Acquirer
Fortinet
Target
Meru Networks, Inc.
Value
$41.8 million
Date
July 2015
Type
Full acquisition
Status
Completed

Transaction Details

Announced
July 8, 2015

In Their Words

On July 8, 2015, we completed our acquisition of Meru Networks, Inc. ("Meru"), a provider of Wi-Fi networking products and services. In connection with the acquisition, we paid $41.8 million.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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