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Xirrus Acquired By Riverbed

socalTECH

Thousand Oaks-based wireless networking equipment maker Xirrus has been acquired by Riverbed , to help bolster its SD WAN efforts, the two said on Wednesday. Financial terms of the acquisition were not announced. Riverbed said it will continue to offer up Xirrus as a stand-alone enterprise WLAN solution.

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Move Redeems Stock For Elevation

socalTECH

The firm, which is based in Northern California but has major operations in Thousand Oaks, said that Elevation will continue to hold $50M in Series B preferred stock in the firm. Move said the moves are part of a plan to "streamline" its capital structure. Move, Inc. , READ MORE>>.