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MERU on NASDAQ

Meru Networks

American networking equipment manufacturer

Meru Networks was a supplier of wireless local area networks (WLANs) to healthcare, enterprise, hospitality, K-12 education, higher education, and other markets. Founded in 2002 and headquartered in Sunnyvale, California, United States, the company made its initial public offering in March 2010, and was acquired by Fortinet in May 2015.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2002Founded1

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  • TickerMERU on NASDAQ1
  • Industrywireless LAN1
  • HeadquartersSunnyvale1
  • Founded inSunnyvale1
  • Websitewww.merunetworks.com
  • Legal formsubsidiary company1
  • Incorporated inDE4
  • Business address894 Ross Drive, Sunnyvale, Ca 940894
  • Filer categoryAccelerated filer4

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MeruHeadquarters
Photo: Meru Networks, CC0, via Wikimedia Commons6

Meru Networks was a supplier of wireless local area networks (WLANs) to healthcare, enterprise, hospitality, K-12 education, higher education, and other markets. Founded in 2002 and headquartered in Sunnyvale, California, United States, the company made its initial public offering in March 2010, and was acquired by Fortinet in May 2015.3

What it owns

What Meru Networks reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.4M7 Dec 31, 2014$7.6M7 Dec 31, 2013+9.8%
Accumulated depreciation$6.5M7 Dec 31, 2014$5.2M7 Dec 31, 2013+25.5%
Property and equipment, net$1.9M7 Dec 31, 2014$2.5M7 Dec 31, 2013−23.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.9M7 Dec 31, 2014$30.9M7 Dec 31, 2013−51.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.7M7 Dec 31, 2014$1.7M7 Dec 31, 20130%
Intangible assets, net (excluding goodwill)$140.0K7 Dec 31, 2013$403.0K8 Dec 31, 2012−65.3%
Finite-lived intangibles, gross$630.0K7 Dec 31, 2014$790.0K7 Dec 31, 2013−20.3%
Accumulated amortization$630.0K7 Dec 31, 2014$650.0K7 Dec 31, 2013−3.1%
Finite-lived intangibles, net$140.0K8 Dec 31, 2013$403.0K8 Dec 31, 2012−65.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.0M7 Dec 31, 2014$7.2M7 Dec 31, 2013+24.2%
Finished goods$8.5M7 Dec 31, 2014$6.7M7 Dec 31, 2013+27.3%

The story

History

Meru Networks was founded in 2002 to address issues with legacy wireless networking architectures that support two separate access networks: a wired network for business-specific applications and a wireless network for casual use. This causes problems ranging from co-channel interference to the inability of micro-cellular systems to scale up. Meru Networks develops and markets a virtualized wireless LAN solution that enables enterprises to migrate applications from wired networks to wireless networks and become what Meru refers to as the "All-wireless enterprise." The company uses an approach to wireless networking that employs virtualization technology to create a self-monitoring wireless network that provides access to applications, improved application performance, and a greater ability to run converged applications, such as voice, video and data, over a wireless network.

The company’s current products address the IEEE 802.11ac and 802.11n wireless networking standards, The company focuses on a “Virtual Cell” approach to Wi-Fi. Under a single service assurance platform, it aggregates access points and the controller needed to manage them. This simplifies the management of access points, cuts the number of access points needed on a wireless network, and eliminates bandwidth contention issues.

In 2011, the company was awarded ITP Technology Best Wireless Solution and was listed as a Health Management Technology Coolest Products.

Timeline

February 2002: Meru Networks founded by Dr. Vaduvur Bharghavan, Srinath Sarang, Sung-Wook Han, Joe Epstein,

June 2005: Company receives $12 million in Series C funding

May 2006: Company receives $25M in Series D funding

January 2007: Company receives $27.6M in unattributed funding

January 2009: Company adds Ihab Abu-Hakima as President and CEO

Read the full text

April 2009: Company receives $30M in Series E funding

August 2009: Company receives an additional $57M in Series E funding

March 2010: Company goes public with stock symbol NASDAQ:MERU

May 2011: Dr. Vaduvur Bharghavan founds another company, becomes Advisory CTO

March 2012: Bami Bastani appointed as President and CEO

May 2015: Fortinet acquires Meru Networks

From Wikipedia’s article on Meru Networks, shared under CC BY-SA 4.0.5

Leadership

Who has led Meru Networks, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hakima Ihab Abu2010–2011
  2. Bami Bastani2012–2015

President

  1. Bami Bastani2012–2015

Chief financial officer

  1. Brett T. White2010–2013
  2. Brian R. McDonald2013
20052010201520202025
Board members and other officers (23)

Products and brands

  • wireless access point

Listed on Wikidata.1

Main Products and Services

Software

Meru System Director Operating SystemRuns on all Meru controllers and access points, implementing its virtualized wireless LAN technology. As an operating system, System Director runs other applications to deal with the specific requirements of the enterprise. Each application module is integrated with System Director, using its low-level control over the radio frequencies.

Meru Identity ManagerAllows businesses to provide access to thousands of Wi-Fi devices in the “bring your own device” (BYOD) workplace.

Meru Service Assurance ManagerProvides network-wide operations monitoring and diagnostics for wireless networks and the applications that run over them.

Meru E(z)RF Network ManagerManages multiple controllers and thousands of access points providing real-time location tracking and location firewall.

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Meru Spectrum ManagerA spectrum analysis solution.

Hardware

Access Points. Built from the radio layer up to support virtualized wireless LANs and, with Meru software, to allow enterprise IT groups to replace wired Ethernet switches at the network edge.

Controllers. Supporting from five to thousands of access points, Meru WLAN controllers synchronize these points to avoid interference and govern all traffic on the network to support more users and backhaul capacity.

Appliances. The Meru Services Appliance family is an extensible platform that provides a set of applications for management of 802.11x networks. The appliance collects a range of data from Meru access points, storing it in a common database, where it is used by the higher-level management applications.

Products and services are sold through value-added resellers (VARs) and distributors.

Markets

The company focuses on the education, healthcare and hospitality markets. Approximately three-quarters of its global sales come from the Americas, and among its 12,500 customers worldwide are the CME Group and Hellmann Worldwide Logistics.

While the company’s main emphasis is on the markets noted above, they are not its exclusive focus. In December 2011, for example, Meru announced that it was working with Ayacht Technology Solutions to install a new Wi-Fi network at historic, 37,000-seat Fenway Park, the home of Major League Baseball's Boston Red Sox.

From Wikipedia’s article on Meru Networks, shared under CC BY-SA 4.0.5

Acquisitions

Acquisitions

On September 8, 2011, Meru announced that it had acquired access control specialist Identity Networks. Founded in 2006 and based in Manchester, UK, Identity Networks develops and markets tools that offer provisioning and notification services that give guests access credentials by way of email, or SMS, and also provide reporting, auditing, and policy customization.

Acquisition

On May 27, 2015, Fortinet agreed to acquire Meru Networks for $44M in cash. Fortinet will integrate the Meru Networks team and operations into their organization.

From Wikipedia’s article on Meru Networks, shared under CC BY-SA 4.0.5

Timeline

  1. Mar 23, 2012New chief executive Bami Bastani becomes CEO9
  2. Mar 30, 2010New chief executive Hakima Ihab Abu becomes CEO10
  3. 2002Founded Founded in Sunnyvale1

SEC filer profile

How Meru Networks is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMERU NETWORKS INC2
  • CIK0001167294
  • Employer ID (EIN)26-00498402
  • Filer statusAccelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3576 Computer Communications Equipment2
  • Business address894 Ross Drive, Sunnyvale, CA 940892
  • Phone(408) 215-53002
  • Shares outstanding24,284,329 as of Apr 29, 201533
  • Public float$80.9M as of Jun 30, 20147
  • On EDGAR sinceFeb 4, 20022
  • Filings513 in all: 4 (259), 8-K (61), 3 (29), SC 13G/A (19), 10-Q (16), SC 13G (15), REGDEX (11), CORRESP (8)2
    All 43 form types

    S-8 (8), S-8 POS (8), SC 13D/A (8), UPLOAD (8), 4/A (7), S-1/A (6), 10-K (5), DEF 14A (5), DEFA14A (4), EFFECT (3), SC TO-I/A (3), 424B5 (2), S-3/A (2), SC 13D (2), SC 14D9/A (2), SC TO-T/A (2), SD (2), 15-12B (1), 25-NSE (1), 3/A (1), 424B1 (1), 8-A12B (1), CERTNAS (1), CT ORDER (1), D (1), POS AM (1), PRE 14A (1), REGDEX/A (1), S-1 (1), S-3 (1), SC 14D9 (1), SC TO-C (1), SC TO-I (1), SC TO-T (1), SC14D9C (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2015
    Quarterly report (10-Q) May 7, 2015
    Proxy statement (DEF 14A) Apr 10, 2015
    Latest 8-K (8-K) Jul 8, 2015

Sources

The numbers on this page point here. Each one links to the record it came from.

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