Aruba Networks Raises $25 Million in Series D Financing
Funding To Extend Global Reach and Boost Sales and Marketing Efforts
SUNNYVALE, California - October 24, 2005 - 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."
ABOUT ARUBA NETWORKS
Aruba Networks is a fast-growing enterprise infrastructure company enabling the mobile edge, an evolutionary new network architecture that addresses 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. To deliver the mobile edge, Aruba manufactures and markets a complete line of fixed and modular mobility controllers, controlled wired and wireless access points, and an advanced networking software suite for delivering mobility, security and convergence services. Privately-held and based in Sunnyvale, California, Aruba has operations in the United States, Europe, the Middle East, and Asia Pacific, and employs staff around the world. To learn more, visit Aruba at www.arubanetworks.com.About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
Contact:
Douglas M. Leone
SEQUOIA CAPITAL
leone@sequoiacap.com
