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August 04, 2015 6:41 AM ET

Communications Equipment

Company Overview of Meru Networks, Inc.

Company Overview

Meru Networks, Inc., together with its subsidiaries, provides virtualized wireless local area network (LAN) solutions. Its virtualized wireless LAN solution is based on its System Director Operating System, which runs on its controllers and access points. The company’s System Director Operating System offers centralized coordination and control of various access points on the network. It also offers controllers that synchronize access points to optimize the user experience and manage traffic on the network; Wi-Fi-certified access points that provide network connectivity for wireless devices; and bring-your-own-device (BYOD) and policy management solutions are designed to automate secure gues...

894 Ross Drive

Sunnyvale, CA 94089

United States

Founded in 2002

381 Employees

Phone:

408-215-5300

Fax:

408-215-5301

Key Executives for Meru Networks, Inc.

Chief Executive Officer, Chief Financial Officer, Treasurer and Director
Age: 56
Co-Founder and General Manager of Hospitality & Entertainment
Managing Director of India Operations and Vice President of India Operations
Age: 43
Vice President, General Counsel and Member of The Board of Directors
Age: 46
Senior Vice President of Worldwide Operations
Age: 55
Compensation as of Fiscal Year 2015.

Meru Networks, Inc. Key Developments

Meru Networks, Inc. Announces Amendments to Articles of Incorporation

Meru Networks, Inc. announced pursuant to the terms of the Merger Agreement, at the Effective Time, the Company's certificate of incorporation was amended and restated in its entirety. A copy of the Company's Third Amended and Restated Certificate of Incorporation is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference. Pursuant to the terms of the Merger Agreement, at the Effective Time, the Company's bylaws were amended and restated in their entirety. A copy of the Company's amended and restated bylaws is included as Exhibit 3.2 to this Current Report on Form 8-K and is incorporated herein by reference.

Meru Networks, Inc. Announces Management Changes

Fortinet, Inc., Malbrouck Acquisition Corp. and Meru Networks, Inc. entered into an agreement and plan of merger. Pursuant to the merger agreement, at the effective time, Dr. Bami Bastani, Barry Cox, Stephen Domenik, John Kurtzweil and Sudhakar Ramakrishna each resigned and ceased to be directors of the company and members of any committee of the company's Board of Directors. Pursuant to the merger agreement, at the Effective Time, Dr. Bami Bastani, Brian McDonald, Mark Liu, Ajay Malik and Sarosh Vesuna each resigned and ceased to be officers of the company. The directors and officers of purchaser immediately prior to the Effective Time became the directors and officers of the surviving corporation. The directors of purchaser immediately prior to the effective time were Andrew Del Matto and John Whittle, and the officers of purchaser immediately prior to the effective time were Andrew Del Matto (Chief Executive Officer, Chief Financial Officer and Treasurer) and John Whittle (General Counsel and Secretary).

Meru Networks, Inc. Sign an Agreement with Opus Bank for Senior Secured Credit Facility Up to $15 Million

Meru Networks, Inc. announced that the company has signed an agreement with Opus Bank for a senior secured credit facility up to $15 million, consisting of a $9 million 3-year term loan and a $6 million line of credit. A portion of the proceeds will be used to retire the entire $3.1 million in current debt facility obligations, including all of the debt outstanding on the Company's balance sheet.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 27, 2015
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