The iPhone is a phenomenon unto itself.
The top-shelf smartphone is responsible for nearly half of Apple's
This phenomenon has gone so far that we've compiled a special report on the hardware cottage industry around the iPhone market, and how to invest in it. The report is totally free -- get your copy right here to learn more. But there's always one more way to skin the same cat. Now a band of networking specialists have found yet another way to piggyback on Apple's magical mystery tour.
And that's where Apple comes in. As more and more corporate employees bring their own networked gadgets such as iPhones and iPads to work, businesses need to manage the potential security risks in this Bring Your Own Device, or BYOD, phenomenon.
Trying harder to make Apple deices work for business is not exactly new to Aruba; it has already built special iOS-enabling features into its wireless gateways. But Avenda lets Aruba take the concept further and faster. "Avenda allows us to expand our reach to all kinds of devices, not just Apple IOS devices, which is what we initially supported with the MOVE architecture and the MDAC service," explains CTO Keerti Melkote.
The Avenda buy is small enough that financial details of the deal weren't disclosed. But it could be a game-changer in the long term as Aruba saddles up to ride the iPhone like never before. Aruba shares may look expensive at 39 times trailing earnings, but the growth runway in front of it looks clear for takeoff. I'm giving Aruba a thumbs-up vote in CAPS right now. Feel free to follow along.
Fool contributor Anders Bylund holds a synthetic long position in OmniVision but holds no other position in any of the companies mentioned. The Motley Fool owns shares of Apple and Cirrus Logic. Motley Fool newsletter services have recommended buying shares of and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.