Capitalizing on media reports that wireless LAN gateway startup ReefEdge Networks has hit hard times, competing vendor Bluesocket last week unveiled a limited-time buy-back program to take advantage of its rival's apparent misfortune.
In published reports last week, ReefEdge CEO David Goretski said the Fort Lee, N.J.-based vendor reduced the size of its workforce in an effort to refocus the struggling company. Recent industry rumors speculated that ReefEdge was on the verge of shutting down, but Goretski said this was not the case.
ReefEdge did not respond to CRN's requests for comment by press time.
Bluesocket, which also sells wireless LAN security and management devices, is offering existing ReefEdge customers and channel partners a trade-in credit of up to 50 percent of the value of ReefEdge products, said Bob Darabant, vice president of sales for Bluesocket. The products' value will be determined by age.
The credit can be applied to the purchase of new products from Burlington, Mass.-based Bluesocket, including its family of wireless gateways as well as the BlueSecure Intrusion Protection System, Darabant said.
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