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SUNNYVALE, CA -- (Marketwired) -- 03/03/14 -- Meru Networks, Inc.® (NASDAQ: MERU) today announced that its 802.11ac "Gigabit Wi-Fi" market share jumped more than 6X from Q3 to Q4 2013, moving from 1.5 to 9.4 percent of industry revenues for wireless access points, according to a report issued by from Dell'Oro Group on February 27, 2014.
The company launched its flagship AP832, the industry's fastest access point, in July 2013, and has been very focused on gaining traction in the 802.11ac market. While industry analyst projections for 802.11ac share of enterprise access points in 2014 range from 1.5 to 18 percent of total shipments, Meru expects to more than double the high end of those projections for its shipments in 2014. Largely driven by sales of the AP832, Meru achieved operating breakeven with record revenue of $30.2 million in Q4 2013.
"We are extremely pleased with the quick sales growth that we've seen with the AP832, and the momentum in the adoption of our 802.11ac solutions," said Dr. Bami Bastani, president and CEO of Meru. "The specific performance advantages that our technologies and architecture offer puts us in a technology leadership position in 802.11ac, and our customers continue to validate that."
Education, Meru's strongest vertical, was an early adopter of 802.11ac with deployments driven by the use of wireless as the primary network among students and staff at all levels -- from K-12 schools through universities. Adoption in hospitality venues has also been strong. Recently announced Meru 802.11ac customers include Royal Caribbean Cruise Lines, St. John Fisher College, Cornwall Community Hospital, the Goffstown, N.H. School District, the University of Houston and Bellarmine College Preparatory. In addition to the increased throughput enabled by the new standard, customers report up to 30 percent increased throughput when using 802.11n devices on Meru 802.11ac networks.
Meru's 802.11ac solutions are gaining rapid market traction due to several distinct advantages over the competition:
"Meru bills the AP832 as the world's fastest AP, and with good reason," said Craig Mathias of the Farpoint Group in a recent review of the AP832. "Other APs incorporate dual radios, but only one radio is 802.11ac-compliant. The best approach is to maximize the availability of services at 5GHz -- a nondisruptive overlay strategy. The AP832 does just that, providing two 1.3Gbps 802.11ac radios that can operate simultaneously in up to 80-megahertz channels. Higher ed institutions everywhere are going to need to begin working with 802.11ac in the very near term, and Meru's AP832 is a great way to do so."
The full review of the AP832 conducted by Craig Mathias of the Farpoint Group is available here: http://bit.ly/OILlbw
For more information on Meru 802.11ac solutions, visit the Meru website: http://bit.ly/1criuNR
About Meru Networks
Meru Networks (NASDAQ: MERU) is a market leader in the development of mobile access and virtualized Wi-Fi solutions. Meru's MobileFLEX wireless architecture addresses the ever-growing need for higher bandwidth and higher client densities. The Meru Identity Manager solution greatly simplifies secure device on-boarding and the company's unique Context-aware Application Layers enable dedicated channel assignments for specific applications, devices and usage scenarios. Meru customers include Fortune 500 businesses as well as leaders in education, healthcare and hospitality. Founded in 2002, Meru is headquartered in Sunnyvale, Calif., with operations in North America, Europe, the Middle East, Asia Pacific and Japan. Visit www.merunetworks.com or call (408) 215-5300 for more information.
©2014 Meru Networks. Meru Networks and Meru are registered trademarks and the Meru logo is a trademark of Meru Networks, Inc. in the United States. All other trademarks mentioned in this document are the property of their respective owners.
Press Contact
Wilson Craig
Director of Public Relations
Meru Networks
+1 408 516 6182
wcraig@merunetworks.com
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