Azalea Acquired: Wireless Video Surveillance Deal Examined

Author: John Honovich, Published on May 09, 2010

Azalea Networks, a wireless mesh provider specializing in video surveillance applications was acquired by Aruba Networks, a broad provider of wireless/Wifi solutions for corporations.

The maximum price to be paid for Azalea is approximately $40 Million. However, $13.5 Million is based on future cash payouts on contingent rights. The initial stock purchase of $27 Million is also subject to a number of adjustments (review the 8K for details on the acquisition terms).

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