Portland startup Meridian sold for nearly $26 million, regulatory filing reveals

Meridian Apps fetched nearly $26 million when the Portland startup sold last month to a California company, according to a regulatory filing issued today.

Buyer Aruba Networks, which provides technology for mobile networks, will operate Meridian as a wholly owned subsidiary. Its regulatory filing indicates that a portion of the sale price will be paid separately over time to Meridian employees who joined Aruba, but two people familiar with the deal said that nearly all that amount was included in the purchase price.

By Mike Rogoway, The Oregonian

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