Aerohive says e-rate funding requests rose 55% y/y
Aerohive Networks announced the conclusion of a "successful" 2019 E-rate filing cycle. The value of 2019 E-rate Form 471 funding requests filed for Aerohive products and services increased by approximately 55% year-over-year to more than $37M, as reported by E-rate Profit Works. This strong growth was the result of a return to significant growth in the 2019 E-rate cycle, combined with an increase in Aerohive's market share to over 10% of all "wireless data distribution" funding requests. Aerohive also saw a 12% increase in the number of schools requesting funding to deploy Aerohive solutions. Aerohive expects these funding requests to result in orders beginning in the second quarter, but primarily over the second half of the year. The final value of the orders for Aerohive products and services will exclude channel margins, which are included in the value of the 471 funding requests. "We are seeing clear signs that the US Education market is returning to growth as it looks for better ways to fold technology into curriculum, and as it starts the upgrade to Wi-Fi 6," said David Flynn, president and chief executive officer, Aerohive Networks. "With the increased proliferation of digital learning technologies in the classroom, administrators have quickly realized the immediate need for better and simpler choices to keep their students safe while collaborating online. Our Cloud-managed AI- and ML-driven network architecture makes deploying, securing, and managing student devices simple and secure for schools and libraries."