Extreme Networks will acquire Zebra Technologies' wireless LAN (WLAN) business for $55 million in cash.
Extreme said the acquisition will strengthen its end-to-end, wired and wireless software-driven networking solutions and complements its vertical market focus.
"Combining Zebra's WLAN technologies and marquee retail, transportation and logistics, and hospitality customers with Extreme Networks' wired and wireless capabilities, recognized as visionary in the Gartner Magic Quadrant, creates the industry's number three WLAN enterprise campus powerhouse," said Ed Meyercord, President and CEO of Extreme Networks. "WLAN is the fastest growing segment in the networking industry. Our heritage of delivering innovative and pioneering technology is reinforced with today's announcement, underscoring our commitment to providing customers worldwide with unified visibility and control across their wired and wireless networks."
"The WLAN business is an ideal fit with Extreme Networks as a pure play networking company, and we are proud of our WLAN employees for the contributions they have made to Zebra and will make in the future," said Anders Gustafsson, CEO of Zebra Technologies.