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Wireless - Friday, August 1, 2008

Trapeze Bought by Belden For $133M In Cash

trapeze logo.png
Belden (NYSE: BDC) is buying Pleasanton-based Trapeze Networks for $133M in cash. Trapeze sells a wireless LAN management suite and claims. Trapeze claims 2007 revenues of $56M and about 4000 clients. Trapeze had raised close to $100M from Accel Partners, Redpoint Ventures, Oak Investment Partners, Motorola, Castile Ventures and DAG Ventures.

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The deal is a respectable out for the company but surely not a win. Trapeze was one of the leaders in the standalone WLAN controller market which it launched in 2003. However, the bigs at Nortel and Cisco updated their LAN switches for WiFi support, forcing Trapeze to focus on control of mission-critical enterprise WLANs. Trapeze' early competitor Aruba was able to make out better with an IPO.

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