Aruba Networks coming out with an IPO

Aruba Networks, a wireless LAN provider seems to be coming with an IPO in the coming week after their recent success with getting Microsoft in their client list. With more than 25,000 users on the network at any given time in 60 countries, Microsoft's WLAN is one of the world's largest. It is deployed in 277 buildings comprising more than 17 million square feet. Aruba, which was chosen after independent labs tested its equipment against better-known rivals (CISCO), will supply Microsoft with mobile controllers, software and 5,000 wireless access points. Aruba Networks Seems to be getting into the black zone with a million dollar profit in their first quarter results. They recently signed a potentially lucrative partnership with French telecom giant Alcatel, which will resell its wireless switches. That move was prompted by Cisco's $450 million purchase of Airespace.

IPO Profile
Expected Date	Week of 3/26/07
IPO File Date	12/15/06
Price Range	$8.00 - $10.00
Shares Offered	8.0 mm

• Total funding raising of $84M to date (in 4 rounds)
• Appointment of a new CEO, Dominic Orr
• Recruiting some great candidates from across the networking industry
• The underwriters expect to deliver the shares are Goldman, Sachs & Co., Lehman Brothers, JPMorgan and RBC Capital Markets.
  

Their are some mixed views about the success of this company as its competing against Cisco and Symbol technologies who are ranked higher in the WLAN domain. Lets wait and see..