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Press Release

Aerohive® Recognized as the Second Largest Cloud-Managed Wireless LAN Vendor

Company Release - 6/11/2019 7:15 AM ET

MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud-managed networking, today announced it is named the second largest vendor in the Enterprise-class Cloud-managed Wireless LAN (WLAN) market in the “Cloud Managed Wireless LAN Services White Paper” published by the 650 Group, an independent market research firm focused on researching data center, communications, and information technology markets. As one of the pioneers of Cloud-managed WLAN, Aerohive continues to drive Enterprise Networking innovation at cloud-speed with several recent industry firsts, including first family of Wi-Fi 6 access points, first pluggable access point, and first with ISO27001 certification.

“Many other vendors have offered Cloud-managed WLAN but have not displaced the two early players (Aerohive and Cisco-Meraki),” said Chris DePuy, technology analyst, 650 Group. “We expect that Cloud-managed WLAN services market growth will continue to exceed that of the rest of the Enterprise-class WLAN market as more companies will adopt its use. There are many reasons why more organizations will transition to Cloud-managed services, including the fact that its use is broadening past the WLAN infrastructure towards campus Ethernet switches, routers, firewalls, and SD-WAN.”

There are many advantages to using Aerohive’s Cloud-managed WLAN services and over time, small to large enterprises will take complete advantage of these services to further simplify their business models and gain operational efficiencies that come from Artificial Intelligence (AI) and Machine Learning (ML). Retail, finance, and healthcare are great examples of verticals that are quickly adopting Cloud-managed WLAN services, and with time, we expect many, if not all verticals will adopt Cloud-managed widely.

Artificial Intelligence and Machine Learning capabilities are being brought to the enterprise network at a rapid rate, and many such capabilities are being managed, deployed, and powered by the cloud. Cloud-managed WLAN services are among the first such services to take advantage of AI and ML. Today, AI and ML are being used to help deploy, manage, secure, and troubleshoot networks and client devices, which is becoming more critical as IoT devices are becoming a growing portion of connected devices.

“Aerohive pioneered Cloud network management, specifically designing the Enterprise-class HiveManager network management architecture for the Cloud,” said David Flynn, chief executive officer, Aerohive Networks. “Our industry-leading 3rd generation Cloud platform drastically reduces operational complexity and cost for our customers and partners. It’s great to be recognized as one of the two leading vendors in the Cloud-Managed WLAN market for our innovative and intelligent network management system.”

Download 650 Group’s Cloud-Managed Services Whitepaper here.

Visit https://www.aerohive.com/products/unified-management/ to learn more about how to simplify your network with Aerohive’s unified cloud management.

About Aerohive Networks

Aerohive uses Cloud Management, Machine Learning, and Artificial Intelligence to radically simplify and secure the Access Network. Our Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. Credited with pioneering Controller-less Wi-Fi and Cloud Management, Aerohive delivers continuous innovation at Cloud-speed that constantly challenges the industry norm, allowing customers to rethink what’s possible. Our innovations and global cloud footprint radically simplify Access Network operation for 30,000+ customers and 10+ million daily users. See how at www.aerohive.com/customers.

Aerohive was founded in 2006 and is headquartered in Milpitas, CA. 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.

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding Aerohive product and service offerings and statements regarding their expected performance, market receptiveness and competitive advantage. These forward-looking 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 forward-looking 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 Aerohive's intellectual property, and general market, political, regulatory, economic and business conditions in the United States and internationally.

Additional risks and uncertainties that could affect Aerohive’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Company’s recent annual report on Form 10-K and quarterly report on Form 10-Q. Aerohive’s SEC filings are available on the Investor Relations section of the Company’s website at http://ir.aerohive.com and on the SEC's website at www.sec.gov. All forward-looking 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 forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.

“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.

Aerohive Networks
Talia Malik
Manager of Corporate Communications
408.605.2019
tmalik@aerohive.com
Twitter: @Aerohive

Source: Aerohive Networks, Inc.