May 14th, 2012
There are only a few 2004 vintage network start-ups that managed through the difficult 2008-2010 economic drought, which killed off many. These firms are survivors rooted in nutrient soil made up of strong management that tightly weaves business and technical architecture to serve an unmet, yet growing, market need. One of those markets is wireless infrastructure, and the one company that stands out in this space is Ruckus Wireless. Ruckus was founded by Bill Kish, CTO, and Victor Shtrom, CWO, and is managed by Selina Lo, its President and CEO. Ruckus Wireless has been firing on all cylinders. It’s the fastest growing Wi-Fi supplier on the planet in today’s enterprise wireless LAN (WLAN) market and owns the largest market share in the carrier Wi-Fi space. According to Garner, from 4Q10 to 4Q11, Ruckus Wireless, a late entrant into the WLAN market, was the fastest growing supplier of managed enterprise WLAN access points in terms of both unit shipments and revenue – growing 289% and 181%, respectively. And for the second year, in the carrier Wi-Fi space, Ruckus was identified as the 2011 market leader with a 26.7 % share of Wi-Fi mesh node shipments, according to Dell’Oro. In this Lippis Report Research Note, we explore the service provide trends that are driving Ruckus’ current and future success in the wake of its expected IPO.