Extreme also acquires other products and services in exciting new growth markets, such as Enhanced Network Access Control (ENAC), which includes solutions that allow customers to better manage IoT and BYOD scenarios. By clicking on any of the content or interacting with any section of this website, you are agreeing to this use of cookies in the manner described in our Privacy and Cookies Policy. READING, UK, June 26, 2019 — Extreme Networks, (Nasdaq: EXTR), a software-driven networking company, and Aerohive Networks (NYSE: HIVE), a pioneer in cloud-managed networking, today announced they have entered into a definitive agreement under … Extreme Networks Wins Auction for Avaya’s Networking Business. Extreme Networks announced that they have signed agreements to purchase all outstanding stock of Enterasys for US $180 million in cash in a cash-free, debt-free transaction. San Jose, Calif. — July 17, 2017 – Extreme Networks, Inc. (NASDAQ: EXTR) announced today that it has completed its acquisition of Avaya Inc.’s ("Avaya") networking business.The acquisition supports the company’s growth strategy to lead the enterprise networking market with end-to-end software-driven solutions for enterprise customers from the data center to the wireless edge. 1 Cloud-Managed Networking Market Report – 2019, June 6, 2019, IHS Markit, Ed Meyercord, President and CEO, Extreme Networks Extreme Networks Completes Acquisition of Aerohive Networks Enterprise networking leader announces acceptance of Aerohive Networks shares tendered. The move by Extreme Networks comes just months after Juniper Networks’ acquisition of Mist Systems, a vendor that also has a … Pages: 1 2 Next Tags: cloud networking , Extreme Networks … Soapstone Networks . Pricing. Usually, the shares of the company that is making the acquisition drop after such news breaks, but the shares of Extreme Networks actually rose by 7%. Ed Meyercord President and Chief Executive Officer Published 27 Jun 2018. Gordon Stitt was a co-founder and served as chief executive officer until August 2006, when he retired and became chairman of the board of directors. Acquisition Enhances Extreme's Enterprise Market Position and Increases Total Addressable Market. Extreme Networks buys Zebra's wireless LAN business, lands blue-chip customers. Extreme Networks to Acquire Aerohive Networks Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and … This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. Founded in 1996, Extreme is headquartered in San Jose, California. With unmatched responsiveness and support, we provide the tools you need to drive business growth. We are the 3rd largest provider in enterprise networking and now have the 2nd largest cloud management platform. Transform your data center from a Pandora’s box to a turbocharged engine of growth and innovation. Orders shipped to New Zealand only. The acquisition of Aerohive adds critical cloud management and edge capabilities to Extreme's portfolio of end-to-end, edge to cloud software-driven networking solutions. Extreme Networks has had a successful acquisition strategy to date, and investors should expect the company to continue gobbling up smaller rivals as … Extreme continues to invest in software and AI to expand the automation capabilities across our portfolio of edge-to-cloud … Extreme Networks and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States and other countries. Aerohive was founded in 2006 and is headquartered in Milpitas, CA. By clicking on any of the content or interacting with any section of this website, you are agreeing to this use of cookies in the manner described in our Privacy and Cookies Policy. Extreme Networks Completes Acquisition of the Networking Business from Avaya, Inc. 39.6 KB SAN JOSE, Calif. , July 17, 2017 /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR) announced today that it has completed its acquisition of Avaya, Inc.'s ("Avaya") networking business. Extreme Networks Completes Acquisition of Brocade's Data Center Networking Business SAN JOSE, Calif. , Oct. 30, 2017 /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR) today announced that it has completed its acquisition of Brocade Communications Systems, Inc.'s (NASDAQ: BRCD) data center switching, routing and analytics business. Investor Relations › The enhanced Extreme Partner Program combines existing programs and acquired technologies into one simple, unified offering. Prices shown in NZD and unless otherwise stated exclude GST and shipping. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. ", Nabil Bukhari, Executive Vice President, Products We've heard from so many of our partners and distributors that there is pent-up customer demand for cloud-managed networks. Extreme's tender offer by its wholly-owned subsidiary, Clover Merger Sub, Inc. ("Purchaser"), to purchase all outstanding stock of Aerohive Networks, Inc. ("Aerohive"; NYSE: HIVE) at an offer price of $4.45 expired as scheduled at midnight (New York City time) at the end of the day on Thursday, August 8, 2019. Extreme Networks’ largest acquisition to date was in 2019, when it acquired Aerohive Networks for $272M.Extreme Networks has acquired in 4 different US states. Extreme Networks . Extreme Networks has offered to pay $4.45 per HIVE share in the all-cash deal, and the company expects to complete the acquisition at some point by the end of this year. It expands Extreme's technology leadership in Wi-Fi and NAC, adding cloud-managed Wi-Fi and NAC solutions to complement its on-premises Wi-Fi and NAC technology, driving Extreme deeper into key verticals and presenting numerous opportunities for cross-sell and up-sell within the combined portfolios. Ed Meyercord, President and CEO, Extreme Networks "Closing our acquisition of Aerohive in just 45 days from initial announcement eliminates many execution risks and better positions us to transition customers smoothly. Advanced. "The acquisition of Aerohive and its technology complements Extreme's portfolio of edge to cloud solutions, enhancing its enterprise WLAN offerings with leading cloud management capabilities as the industry continues making the transition to cloud-based networking products and solutions. Extreme has effected the merger of the Purchaser with and into Aerohive, with Aerohive surviving as a wholly-owned subsidiary of Extreme, in accordance with the Merger Agreement. "Aerohive's cloud management capabilities fit perfectly into our plans to marry cutting edge technology with an intuitive user experience, while reducing complexity and lowering operating expenses. For a third consecutive year, Extreme Networks has been recognized as a Leader in the Gartner 2020 Magic Quadrant for Wired and Wireless LAN Access Infrastructure. Extreme Networks, Inc.'s purchase of Milpitas-based Wi-Fi router maker Aerohive Networks has closed, with the San Jose networking company paying $272 million in cash to acquire … At the end of the last quarter, Extreme's net debt increased to $218.9 million because of its Aerohive acquisition.