Aerohive hopes to ride enterprise Wi-Fi to a $75M IPO

The Silicon Valley company puts Wi-Fi control in the cloud

By , IDG News Service |  Mobile & Wireless

Aerohive's sales are on the rise, with the company's filing claiming average annual growth of 114 percent since 2010. In the first nine months of 2013, its revenue totaled $77 million, up from $50 million in the same part of 2012.

However, the company also warned it has a history of increasing losses. In the first nine months of 2013, Aerohive lost $25 million, up from $15.8 million a year earlier.

Nevertheless, with a strong management team and a focus on the higher layers of networking rather than sheer hardware, the company has good prospects, the analysts said.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com

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