Sunday, November 3, 2013

Extreme Networks Completes Enterasys Acquisition

Extreme Networks completed its acquisition of Enterasys Networks.  The deal was valued at $180 million in cash when it was first announced in September.

Enterasys Networks, based in Salem, NH, is a privately held provider of wired and wireless network infrastructure and security solutions.  It has approximately 900 employees and $330 million in annual revenues.

Extreme Networks, which is based in San Jose, California, specializes in high-performance Ethernet switching for cloud, data center and mobile networks.

The combined expects to achieve revenue of over $600 million annually, ranking it the fourth largest Ethernet networking vendor.

"We are committed to preserve and enhance our customers' investments and existing portfolio lifecycles. Our vision is to provide superior products and services to our customers and lead the industry with networking solutions that allow IT organizations to accelerate business growth and efficiency," said Chuck Berger, CEO for Extreme Networks.  "Our current and future products and services will solve the networking challenges that are most critical to our customers' success."

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