Aerohive Networks Does IPO

Enterprise Wi-Fi vendor Aerohive Networks debuted on the New York Stock Exchange on Friday, pricing its shares at $10 last night.

The company raised its original target of $75 million through the initial public offering.

Aerohive hotspots are different from the pack by not offering a hardware Wi-Fi controller, which would normally manage all of the nodes in a corporate wireless network.

Instead Aerohive has moved its controller to the cloud and sells it to businesses as a managed service.

The enterprise Wi-Fi market is dominated by Cisco and Aruba Networks but a dozen other specialist players, such as Ruckus Wireless, are vying for market share.

Posted by Sam Churchill on .

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