Trapeze Networks, which generates a lot of revenue from an OEM relationship with Nortel, could be considering an IPO in 2007. According to a LightReading story, the enterprise Wi-Fi start-up could be following in the footsteps of rival Aruba Wireless, which has filed for a $100-million IPO. If Trapeze does go public, it could see the company build out its own brand sales, which could see fewer sales of Nortel gear. Of course, it wouldn’t be all bad new for Nortel, which took part in Trapeze’s $30-million D round investment earlier this year in a deal that also included Juniper. Nortel also made an investment in 2005 when Trapeze raised $22.5-million . Before Nortel got involved with Trapeze, it used to rebrand and sell equipment from Airespace Networks until the company was purchased by Cisco for $425 million.
Trapeze Considering IPO
Trapeze Networks, which generates a lot of revenue from an OEM relationship with Nortel, could be considering an IPO in 2007. According to a LightReading story, the enterprise Wi-Fi start-up could be following in the footsteps of rival Aruba Wireless, which has filed for a $100-million IPO. If Trapeze does go public, it could see the company build out its own brand sales, which could see fewer sales of Nortel gear. Of course, it wouldn’t be all bad new for Nortel, which took part in Trapeze’s $30-million D round investment earlier this year in a deal that also included Juniper. Nortel also made an investment in 2005 when Trapeze raised $22.5-million . Before Nortel got involved with Trapeze, it used to rebrand and sell equipment from Airespace Networks until the company was purchased by Cisco for $425 million.
Technorati Tags: Nortel, IPO