Needham & Company Upgrades Fortinet (FTNT) to Buy
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Fortinet (FTNT) to Acquire Meru Networks (MERU) for $1.63/Share
May 27, 2015 9:02 AM EDTFortinet (NASDAQ: FTNT) and Meru Networks (NASDAQ: MERU), a leader in intelligent Wi-Fi networking, today announced a definitive agreement for Fortinet to acquire Meru. The acquisition is synergistic with Fortinet's secure wireless vision and enterprise growth focus, broadens the company's solutions portfolio, and expands its opportunity to uniquely address the $5B global enterprise Wi-Fi market(1) with integrated and intelligent secure wireless solutions. Leading the trend to provide broad security for wired and wireless networks and devices, Fortinet also announced today a new FortiGuard mobile security subscription service to protect... More
