ReefEdge Networks

Jan 26, 2016

By Ed Sutherland November 24, 2004 The longtime player in the WLAN space is refocusing for the future, hoping to stay afloat in the ever-competitive industry. Print Article In an effort to stay afloat in the cutthroat and constantly-evolving WLAN market, wireless security and management company ReefEdge Networks is slashing its workforce while seeking to refocus its goals. ReefEdge CEO David Goretski "is emphatic they aren't shutting down," says Craig Mathias, principal with the Farpoint Group. Goretski called Mathias to refute rumors the Fort Lee, N.J., company was closing its doors. "This is a dynamic industry," Mathias explains. "Don't read much into this yet. " The company has suffered a round of boardroom bloodletting, along with seeing features once offered exclusively by ReefEdge incorporated into competitors' WLAN products. ReefEdge, founded in 2000 by former AT&T and IBM executives, has retooled itself from a WLAN gateway vendor to a Wi-Fi switch company, and now sees itself as a wireless multi-site company. Rumors became rife just before Thanksgiving that ReefEdge had closed its doors and was shopping around its intellectual property. As part of their effort to survive, ReefEdge is cutting employees, searching for a new focus, and entertaining the possibility of a merger or acquisition, according to press reports. WLAN industry leader Cisco denies it will acquire the company. The two have worked together on multi-site network security in the past. "There is little surprise here; change is the name of the game as WLANs continue to evolve at their usual breakneck pace," says Mathias. Goretski, brought in from Dictaphone as ReefEdge's two co-founders —Inder Gopal and Sandeep Singhal—left the company, refused to specify how many jobs will be lost, but said the losses did not touch "core engineering resources," according to searchnetworking.com . Related Articles