Chantry Networks, a Waltham-based company that makes a routed, centralized wireless LAN system for the enterprise, announced yesterday that German technology conglomerate Siemens would acquire the company.
The purchase price was not disclosed, though some online publications, citing unnamed sources, pegged the deal at $85 million. The deal is expected to close early next year.
In October, Chantry announced that Siemens had invested $6 million into the company, bringing the B-round it had closed earlier in the year to $17 million.
Chantry has raised $26 million to date from a syndicate of investors that includes Cambridge-based Flagship Ventures and three Canadian investors: Ventures West, Primaxis Technology Ventures and Venture Coaches/Skypoint Capital.
The enterprise WLAN is a hot space, with numerous startups competing for a piece of the action.
Locally, Colubris Networks in Waltham makes intelligent access points managed by a central software appliance while Burlington-based Bluesocket Inc. makes a WLAN gateway that manages commodity APs made by other vendors.
Acton-based Legra Systems, which made a switch-based system, shut down and sold its assets off to other companies in the fall.
And earlier this year, California-based WLAN switch company, Trapeze Networks, signed an OEM agreement to make gear that will be resold by Marlborough-based 3Com Corp.
