Ruckus Wireless Starts Preparing For Its IPO
Ruckus Wireless has hired Morgan Stanley and Goldman Sachs to help it prepare for an IPO later this year, according to published reports this week.
Ruckus currently controls about 27 percent of service provider Wi-Fi mesh node shipments, according to the Dell'Oro Group. Its ZoneFlex products have attracted attention from small and midsize businesses, and the scrappy company is also moving into the enterprise WLAN territory that has long been the domain of Cisco and Aruba Networks.
David Callisch, vice president, corporate marketing, declined to comment on the IPO reports, but told CRN Ruckus is "exploring all opportunities."
"It's an exciting time to be in the carrier Wi-Fi space," Callisch said. "And we seem to be growing by leaps and bounds."