Belden to Strengthen its Presence in the Wireless Industry with Acquisition of Trapeze Networks
(Business News & Technology News, 13 Jun 2008)
By Stephen Las Marias, Editor
Belden Inc., one of the leaders in the design, manufacture, and marketing of signal transmission solutions for data networking, is strengthening its presence in the wireless industry market with the acquisition of Trapeze Networks, one of the leading providers of wireless local area networking (WLAN) equipment and management software, for $133 million in cash.
According to President and CEO John Stroup, the acquisition of Trapeze Networks uniquely positions Belden to offer its enterprise customers tailored connectivity solutions that benefit from blending the strengths of copper, fiber and wireless technologies. The acquisition is also expected to make Belden one of the world's largest unified wired and wireless solutions provider as well as provide expanded market access for Trapeze Networks' Smart Mobile solutions.
Trapeze Networks is a privately held company based in Pleasanton, California. Its product portfolio of end-to-end WLAN system, built on a highly scalable and secure wireless operating system running on Trapeze Networks access points and controllers, caters to the healthcare, education, manufacturing, retail, government and other enterprise markets.