Meru Networks completes its IPO

March 31, 2010
Meru Networks Prices Initial Public Offering at $15.00 Per Share

SUNNYVALE, Calif., March 31, 2010 – Meru Networks, Inc., today announced the pricing of the initial public offering of 4,386,784 common shares at a price to the public of $15.00 per share.?Of the shares sold in the offering, Meru Networks is offering 3,575,000 shares and selling shareholders are offering 811,784 shares. Meru will not receive any proceeds from the sale of shares by the selling shareholders. The underwriters have a 30-day option to purchase up to an additional 658,017 common shares from Meru at the initial public offering price. The shares are expected to begin trading on the NASDAQ Global Market on March 31, 2010 under the ticker symbol “MERU.”

BofA Merrill Lynch is acting as sole book-running manager for the offering. Baird, Cowen and Company, JMP Securities and ThinkEquity LLC are acting as co-managers.

A registration statement relating to the shares of Meru common stock offered in the initial public offering was declared effective by the Securities and Exchange Commission on March 30, 2010. The initial public offering is being made solely by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Meru Networks?Founded in 2002, Meru Networks provides a virtualized wireless LAN solution that cost-effectively optimizes the enterprise network to deliver the performance, reliability, predictability and operational simplicity of a wired network, with the advantages of mobility. Meru’s solution represents an innovative approach to wireless networking that utilizes virtualization technology to create an intelligent and self-monitoring wireless network, and enables enterprises to migrate their business-critical applications from wired networks to wireless networks, and become all-wireless enterprises. Meru’s solutions have been adopted in all major industry vertical markets, including Fortune 500 enterprises, healthcare, education, retail, manufacturing, hospitality and government. Meru is headquartered in Sunnyvale, Calif., and has operations in the Americas, Europe, the Middle East and Asia Pacific. For more information, visit or call (408) 215-5300.