Sunday, April 21, 2019

Aerohive Networks Achieves 55% Year-Over-Year Increase in E-rate Funding Requests

BWW News Desk
April 15, 2019

a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwaerohivecom2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorAerohiveNetworksampindex1ampmd54108837dd8870e9a4e85de84d23279cc relnofollowAerohive Networksa NYSE HIVE a leader in cloudmanaged networking today announced the conclusion of a successful 2019 Erate filing cycle The value of 2019 Erate Form 471 funding requests filed for Aerohive products and services increased by approximately 55 percent yearoveryear to more than 37 million as reported by Erate Profit Works This strong growth was the result of a return to significant growth in the 2019 Erate cycle combined with an increase in Aerohives market share to over 10 of all wireless data distribution funding requests Aerohive also saw a 12 increase in the number of schools requesting funding to deploy Aerohive solutions Aerohive expects these funding requests to result in orders beginning in the second quarter but primarily over the second half of the year The final value of the orders for Aerohive products and services will exclude channel margins which are included in the value of the 471 funding requests pblockquotep idpullquotepblockquote p We are seeing clear signs that the US Education market is returning to growth as it looks for better ways to fold technology into curriculum and as it starts the upgrade to WiFi 6 said David Flynn president and chief executive officer Aerohive Networks With the increased proliferation of digital learning technologies in the classroom administrators have quickly realized the immediate need for better and simpler choices to keep their students safe while collaborating online Our Cloudmanaged AI and MLdriven network architecture makes deploying securing and managing student devices simple and secure for schools and libraries p p After reviewing the Aerohive Erate results it is clear that their market share in Erate is increasing their focus is sharpening and we are looking forward to closing out a strong season with them said Zack Hubeck vice president of sales amp marketing at WAV Inc p p bAbout Erate bThe FCCs Erate program makes telecommunications and information services more affordable for schools and libraries In recent years the FCC refocused Erate from legacy telecommunications services to broadband with a goal to significantly expand WiFi access These steps to modernize the program are helping Erate keep pace with the need for increased Internet access Learn more at a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwaerohivecom2Ferateampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorhttps3A2F2Fwwwaerohivecom2Ferateampindex2ampmd5641d36faa4acb697f9ca90ab8898b493 relnofollowhttpswwwaerohivecomeratea and a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwfccgov2Ferateupdateampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorhttps3A2F2Fwwwfccgov2Ferateupdateampindex3ampmd593fd54b8708ba4d6ad1fb2a235fc7373 relnofollowhttpswwwfccgoverateupdatea p p bAbout Aerohive Networksb p p Aerohive uses Cloud Management Machine Learning and Artificial Intelligence to radically simplify and secure the Access Network Our CloudManaged Wireless Switching Routing and Security technologies provide unrivalled flexibility in deployment management and licensing Credited with pioneering Controllerless WiFi and Cloud Management Aerohive delivers continuous innovation at Cloudspeed that constantly challenges the industry norm allowing customers to rethink whats possible Our innovations and global cloud footprint radically simplify Access Network operation for 30000 customers and 10 million daily usersSee how ata referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwaerohivecom2Fcustomers2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorwwwaerohivecom2Fcustomersampindex4ampmd5d1a1fd80aded3934f1ff26e13ca0d46e relnofollowwwwaerohivecomcustomersa p p Aerohive was founded in 2006 and is headquartered in Milpitas CA For more information please visita referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwaerohivecom2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorwwwaerohivecomampindex5ampmd5499227feded3bb063247d545fe80ac15 relnofollowwwwaerohivecoma call us at 4085106100 follow us ona referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Ftwittercom2FAerohiveampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorTwitterampindex6ampmd52d9b61969a6619ef1408c41287a54cea relnofollowTwitteraAerohive subscribe to oura referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fblogaerohivecom2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorblogampindex7ampmd5ecc2f081698256264fcfb0b952d46782 relnofollowbloga or become a fan on oura referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwfacebookcom2Faerohivenetworks2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorFacebookpageampindex8ampmd5d3e9ce058670589b49d6f847c8b1bf59 relnofollowFacebook pagea p p bSafe Harbor Statementb p p This press release contains forwardlooking statements including statements regarding the potential value of business available to the Company under the federal Erate program and the timing of such business growth in the education market in general and the Companys share of such market new Aerohive product and service offerings and statements regarding their expected performance market receptiveness and competitive advantage These forwardlooking statements are based on current expectations and are subject to inherent uncertainties risks and changes in circumstances that are difficult or impossible to predict The actual outcomes and results may differ materially from those contemplated by these forwardlooking statements as a result of these uncertainties risk and changes in circumstances including but not limited to risks and uncertainties related to general demand for wireless networking in the industry verticals targeted or demand for Aerohive products in particular unpredictable and changing market conditions risks associated with the deployment performance and adoption of new products and services risks associated with our growth competitive pressures from existing and new companies technological change product development delays our inability to protect Aerohive intellectual property or to predict or limit exposure to third party claims relating to its or Aerohives intellectual property and general market political regulatory economic and business conditions in the United States and internationally p p Additional risks and uncertainties that could affect Aerohives financial and operating results are included under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys recent annual report on Form 10K and quarterly report on Form 10Q Aerohives SEC filings are available on the Investor Relations section of the Companys website at a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Firaerohivecomampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorhttps3A2F2Firaerohivecomampindex9ampmd520b0cc0670802c665fbbd0613d1bb60c relnofollowhttpsiraerohivecoma and on the SECs website at a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwsecgov2Fampesheet51969794ampnewsitemid20190415005820amplanenUSampanchorwwwsecgovampindex10ampmd5be925824be7c01834e0c8378f97b1743 relnofollowwwwsecgova All forwardlooking statements in this press release are based on information available to the Company as of the date hereof and Aerohive Networks disclaims any obligation to update the forwardlooking statements provided to reflect events that occur or circumstances that exist after the date on which they were made except as required by law p p Aerohive and Aerohive Networks are registered trademarks of Aerohive Networks Inc All product and company names used herein are trademarks or registered trademarks of their respective owners All rights reserved p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190415005820r1ampsidweb01ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire


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