Inc. Magazine Unveils 29th Annual List of America's Fastest-Growing Companies - the Inc. 500

SUNNYVALE, Calif. and NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- Inc. Magazine today ranked Meru Networks, Inc. (Nasdaq:MERU) 14th among Top IT Services companies on its 29th annual Inc. 500, an exclusive ranking of the nation's fastest-growing companies. The list represents the most comprehensive look at the most important segment of the economy – America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.

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"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson. "The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."

Meru Networks, ranked #195 in the overall Inc. 500|5000 listing, is the leader in 802.11n virtualized wireless LAN solutions for enterprise networking.  Founded in 2002, Meru Networks provides a virtualized wireless LAN solution that cost-effectively optimizes the enterprise network. Meru's solutions 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 intelligent and self-monitoring wireless networks, and enable 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 major industry vertical markets, including Fortune 500 enterprises, healthcare, education, retail, manufacturing, hospitality and government.

"We are extremely honored to be a part of the Inc. 500 list and being recognized as one of the top - IT services companies," said Ihab Abu-Hakima, president and chief executive officer, Meru Networks. "This reflects the hard work, dedication and commitment our employees and partners bring to their mission of delivering innovative solutions and services to address the challenges and needs of our customers. Our recognition by Inc. 500 stands as a testament to the company's methodical execution and focus on growth."

Methodology

The 2010 Inc. 500 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies – as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

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 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 www.merunetworks.com or call (408) 215-5300.

Meru Networks is a registered trademark of Meru Networks, Inc. All other trademarks are the property of their respective owners.

SOURCE Meru Networks