Tuesday, December 19, 2006

Aruba Networks Looks To Raise $100M In IPO

Sunnyvale-based Aruba Networks is looking to raise up to $100M in an IPO on the Nasdaq Global Market, according to a filing by the company made last week. Aruba, a maker of enterprise software for connecting mobile users, is looking to trade under the symbol ARUN. The IPO is being underwritten by Goldman, Sachs & Co., Lehman Brothers, JPMorgan, and RBC Capital Markets. Aruba is backed by Matrix Partners, Sequoia, Trinity Ventures, and WK Technology.