AirWave Wireless acquired for $37M by Aruba Networks

AirWave, of San Mateo, Calif., makes software that manages wireless networks broadcast by equipment from a large number of different manufacturers, while Aruba is a maker of that same equipment.

With AirWave, Aruba will have rights over software that it can deploy alongside its equipment, making its wireless routers merge easily with networks including routers made by other manufacturers.

The $37 million acquisition is for a combination of cash and stock. Aruba plans on retaining the current staff of AirWave.

It appears to be a profit for AirWave’s investors. The company raised about $15 million from Ignition Partners, Idealab and Westbury Equity Partners, according to VentureSource.

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