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pioneer in controller-less Wi-Fi and cloud-enabled enterprise networking,
today announced 2012 to be a banner year for the company. In 2012 alone,
Aerohive experienced explosive demand for their innovative,
cloud-enabled Wi-Fi solutions that drove rapid company growth,
significant customer wins and strategic partnerships. Key highlights
include increasing shipments by 132 percent and closing out the year
with a $100M run rate, securing $22.5 million in Mezzanine Equity
financing, growing the Aerohive customer base to over 7,500 customers
worldwide and being recognized as the 5th fastest growing
technology company in North America.
The mobile device explosion is driving increasing demand for
enterprise Wi-Fi. In 2012 alone, Aerohive significantly grew its
customer base with the addition of 4,500 new accounts, making strides
in key verticals worldwide including healthcare, retail, education and
the enterprise. The company increased shipments by 132 percent and
closed out the year with a $100M run rate.
With over 7,500 customers worldwide, key customer wins include Brookdale
Senior Living, the nation’s largest assisted living chain with
nearly 600 facilities and over 60,000 residents; Hoogvliet, a Dutch
supermarket chain with 62 supermarkets and 57 liquor stores, spread
across The Netherlands, North Holland and Texas; and Tennessee
Technological University, one of the nation’s top universities in the
Southeast, according to Princeton Review.
In September, Aerohive announced $22.5 million in Mezzanine Equity
financing, led by Institutional
Venture Partners (IVP), a premier later-stage venture capital and
growth equity firm. This was in addition to $72 million raised in
previous rounds of funding since inception in 2006.
Aerohive also increased its market leadership with key new product
releases. These releases included the industry’s first Bonjour
Gateway, which enables enterprises to solve the challenge of
supporting multiple Apple devices across multi-subnet enterprise
networks—all for free. In addition to Bonjour Gateway, Aerohive
released two new Access Points (APs): AP121
designed to provide throughput and coverage at a cost-effective price
point ideal for education, healthcare, retail and distributed
enterprise environments. Aerohive also expanded its Branch on Demand
product family with the BR200
Branch Router, which allows enterprises to connect, secure and
manage branch office networks.
Aerohive extended its technological innovation into new arenas with
strategic partnerships. In December, Aerohive teamed up with iPass
Managed Network Services to form a managed Wi-Fi service
partnership, delivering a secure Wi-Fi solution for the distributed
enterprise and venue owners. Earlier in the year in June, Aerohive and JAMF
Software announced an Integrated Mobile Device Management Solution
for comprehensive management of Apple devices.
“In 2012 we focused on building our business and helping our customers
get greater ROI from their Wi-Fi solutions, while expanding our market
leadership into key verticals,” said David Flynn, chief executive
officer, Aerohive Networks. “We are extremely proud of all we
accomplished last year, and know we couldn’t have reached this level of
success without the hard work of our dedicated team, amazing customers
and strategic partnerships. We look forward to what’s in store for
Aerohive in 2013.”
About Aerohive Networks
People want to work anywhere, on any device, and IT needs to enable them
-- without drowning in complexity or compromising on security,
performance, reliability or cost. Aerohive's mission is to Simpli-Fi
these enterprise access networks with a cloud-enabled, self-organizing,
service-aware, identity-based infrastructure that includes innovative
Wi-Fi, VPN, branch routing and switching solutions.
Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif.
The company's investors
include Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners,
Northern Light Venture Capital, New Enterprise Associates, Inc. (NEA)
and Institutional Venture Partners (IVP).For more
information, please visit www.aerohive.com,
call us at 408-510-6100, follow us on Twitter @Aerohive,
subscribe to our blog
or become a fan on our Facebook
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