Trapeze Networks, Inc. was founded in 2002. It is a Wi-Fi networking infrastructure and services vendor. Trapeze has 17 awarded patents and 40+ patent filings pending. In Sept 2007 Trapeze was recognized by Frost and Sullivan as the first company to apply controller virtualization techniques to wireless networks resulting in session-level hitless failover capabilities. Trapeze was acquired by Belden Inc. in July 2008 for $133 million. In December 2008 Trapeze Networks acquired Newbury Networks, a Wi-Fi based Real-Time Location Services (RTLS) company. In November 2010 Juniper Networks announced a definitive agreement to acquire Trapeze Networks in an all cash transaction valued at approximately $152 million.