Juniper Invests in Trapeze Networks
It was over a year ago Juniper Networks and enterprise wireless LAN maker Trapeze Networks were linked together. But it was all talk. Fast forward to today - Telephony magazine reports that the company raised $30 million in Series D funding from Accel, Redpoint, Oak, and a bunch of previous investors. But the biggest surprise of this funding round was an investment from Juniper Networks. That brings the total funding to $102.5 million.More here.
So the company has raised money from Nortel, Motorola Ventures (Series C) and now Juniper. It has partnerships with 3Com, D-Link and a bunch of others. Still, the deal could eventually spell bad news for Meru Networks, which had announced a deal with Juniper last year. Of course, this is not such good news for Aruba Networks as well.
posted by Fergie @ 8/30/2006 08:33:00 PM
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