IntelliNet Technologies Acquired by Ruckus Wireless
Bowen Advisors Serves as M&A Advisor to IntelliNet
BOSTON, February 22, 2012 – Bowen Advisors, a leading boutique investment bank focused on communications technology and IT companies, is pleased to announce that IntelliNet Technologies, a leading provider of network convergence solutions that accelerate the deployment of next generation applications and services, has been acquired by Ruckus Wireless, a supplier of advanced wireless systems for the mobile Internetworking market. In the deal, Bowen Advisors provided M&A advisory services to IntelliNet.
“Ruckus has emerged as a leader in enterprise Wi-Fi,” said John Emery, Managing Director of Bowen Advisors. “With the addition of IntelliNet’s mobile data offload products, Ruckus now offers best-in-class solutions for carriers, providing the company with an unparalleled breadth of solutions to address the exploding mobile internet market.”
“This transaction represents a continuation of the trend towards convergence of mobile backhaul and WLAN technologies, two market segments in which Bowen Advisors has a long heritage, dating back to the Paragon sale to Carrier Access in 2003 and the Colubris sale to HP in 2008,” said Paul Bowen, President of Bowen Advisors.