Aruba Networks Inc, the top independent maker of corporate wireless network gear, on Monday said it has reshuffled top management roles as preparation for a potential initial public stock offering.
The Sunnyvale, California-based company said President and Chief Executive Don LeBeau, 58, would take over as chairman of Aruba and be replaced by Dominic Orr, an original investor and the company's current chairman, as CEO and president.
"We want to keep a strong continuity going through the IPO," Orr said in an interview. "I feel quite rested and ready to go take another company through the IPO process."
Aruba is the biggest rival of Cisco Systems Inc in the market for so-called "enterprise wireless local area network" (WLAN) equipment to provide high-speed computer networks for office workers. Cisco, through its $450 million acquisition of Airespace a year ago, had around 35 percent of the centralised enterprise wireless market in the fourth quarter, according to data from research firm Dell'Oro. Privately held Aruba, its major rival, had around a 17 percent share.
Dell'Oro Group estimates that the market for all wireless local area network gear used to provide Internet access throughout companies will be worth $3.1 billion by 2009.
Comments
Comments are closed.