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Sunnyvale-based Fortinet said Wednesday that it is acquiring fellow Sunnyvale-based networking products developer Meru Networks. Fortinet said it would pay $44M for Meru, or $1.63 per share in cash. Meru is a developer of 802.11ac wireless networking products, aimed at the high density, enterprise market. Both companies are publicly traded.
posted on Thursday, May 28, 2015

Related companies:
Fortinet

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