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Aerohive Continues its Winning Streak Receiving Four Prestigious Awards for Accelerated Growth and Next Generation Enterprise Networking Solutions
[November 14, 2012]

Aerohive Continues its Winning Streak Receiving Four Prestigious Awards for Accelerated Growth and Next Generation Enterprise Networking Solutions

SUNNYVALE, Calif. --(Business Wire)--

Aerohive Networks, the leader in controller-less Wi-Fi and cloud-enabled enterprise networking, today announced that it has received four industry accolades within the last month. For its rapid company growth and success, Aerohive (News - Alert) is a recipient of the Deloitte Technology Fast 500 award and Silicon Valley/San Jose Business Journal's Fastest Private Growing Companies. The company has also received the CRN Tech Innovator Award for its Bonjour Gateway solution and TMC's (News - Alert) Cloud Computing Magazine 2012 Cloud Computing Excellence Award for its BR200 Branch Router.

News Facts

  • Smart phones and tablets are growing at an exponential rate, increasing BYOD adoption in corporate environments and driving demand for enterprise Wi-Fi. According to Infonetics Research (News - Alert), the enterprise Wi-Fi market grew 25 percent in Q2 2012 over Q2 2011. As a result of this mobile device explosion, Aerohive has almost tripled its customer base, growing it to over 6000 customers with annual sales growth of over 150 percent.
  • Aerohive's networking solutions are based on a unique, distributed intelligent architecture that include enterprise-class Wi-Fi Access Points, revolutionary, easy-to-deploy Branch Routers and an on premise or cloud-based network management solution for easy configuration and monitoring.
  • Aerohive is ranked number five out of 75 companies on the Silicon Valley/San Jose Business Journal's 2012 list of fastest growing private companies in Silicon Valley. This ranking was based on percent change in revenue from 2009 to 2011. Aerohive had an 822.7 percent change in revenue over the three-year period, rising from $3.7 in revenue to $34 million.
  • Aerohive is ranked 5th out of 500 companies awarded the 2012 Deloitte Technology Fast 500 awards. This award provides a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Technology Fast 500 award winners are selected based on percentage of fiscal year revenue growth from 2007 to 2011.
  • For its innovative Bonjour Gateway solution announced earlier this year, Aerohive was named a winner in the Networking-Wireless category of CRN's 9th annual Tech Innovator awards. The Tech Innovator Awards recognize technology companies that have used original methods or technologies to deliver new, innovative products and partner support. CRN Test Center Editors reviewed hundreds of technology products deployed over the past year to determine which vendors broke away traditional thinking to implement innovative methods to bridge the gap between current problems and solutions facing channel executives today. Aerohive's Bonjour Gateway enables enterprises to manage and control Apple (News - Alert) service availability across an entire enterprise network.
  • Aerohive was also recognized by TMC as a 2012 Cloud Computing Excellence Award winner for its BR200 Branch Router presented by Cloud Computing Magazine. The Cloud Computing Excellence Awards recognize companies that have most effectively leveraged cloud computing in their efforts to bring new, differentiated offerings to market.¬†Aerohive's BR200 Router series streamlines branch office deployments with compact, cloud-enabled routers that are engineered for enterprises that are big on security and performance.

Comments

"Our vision at Aerohive is to reduce the cost and complexity of today's networks by developing easy-to-manage, cloud-enabled Wi-Fi, switching and routing solutions for our customers," said David Flynn, CEO of Aerohive Networks (News - Alert). "In just a few years, we have seen our hard work pay off as the company continues to experience explosive growth and success. We are extremely proud to have Aerohive's achievements acknowledged by these four prestigious awards. This recognition is a true testament to our leadership in the market."


About Aerohive Networks

People want to work anywhere; on any device, and IT needs to enable them -- without drowning in complexity or compromising on security, performance, reliability or cost. Aerohive's mission is to Simpli-Fi these enterprise access networks with a cloud-enabled, self-organizing, service-aware, identity-based infrastructure that includes innovative Wi-Fi, VPN, branch routing and switching solutions.

Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. The company's investors include Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Northern Light Venture Capital, New Enterprise Associates, Inc. (NEA) and Institutional Venture Partners (IVP). For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog or become a fan on our Facebook page.


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