Therefore, through a series of historical and contemporary merger and acquisition activity, Extreme Networks claims an industry lineage that includes, at a minimum, the networking-focused elements of the following companies: Digital, Chantry, Siemens, Cabletron, Enterasys, AirDefense, Symbol, Motorola, Zebra, Wellfleet, SynOptics, Bay Networks, Nortel Networks, Avaya, Vistapointe, StackStorm, Foundry Networks, Brocade, and Aerohive Networks. On September 15, 2021, Extreme Networks acquired Infovista's Ipanema SD-WAN business. The acquisition was completed on Augat an aggregate purchase price of approximately $272 million. Aerohive's cloud-managed portfolio of wireless, LAN, and SD-WAN products is well-regarded in the industry. On June 26, 2019, Extreme Networks announced its intention to acquire Aerohive Networks for $272 million. Extreme has publicly stated that it anticipates "the transaction will generate over $230 million in additional annualized revenue from the acquired assets". The acquisition officially closed on October 30, 2017, and with it, Extreme acquires customer relationships, personnel, and technology assets from Brocade including the SLX, VDX, MLX, CES, CER, Workflow Composer, Automation Suites, and certain other Data Center related products. On March 29, 2017, Extreme Networks announced its intention to acquire Brocade's SRA (Switching, Routing, and Analytics) business from Broadcom for an undisclosed sum. Extreme has publicly stated that it expects to "generate over $200 million in additional annualized revenue" from the acquired networking assets from Avaya. Radar extreme networks software#The acquisition also strengthens Extreme's switching portfolio, including a new family of high-performance modular switches, software tools, and IoT technology. The acquisition strengthens Extreme's position in the education, healthcare, and government markets with the addition of Avaya's award-winning Fabric technology for highly secure, simplified access, management, and control. As part of this transaction, Extreme acquired customers, personnel, and technology assets from Avaya. The acquisition officially closed on July 17, 2017. On March 7, 2017, Extreme Networks announced its intention to acquire Avaya's networking business in a transaction valued at $100 million. On October 31, 2016, Extreme Networks announced that it completed the acquisition of Zebra Technologies' wireless LAN business for about $55 million. On September 12, 2013, Extreme Networks announced it would acquire Enterasys Networks for about $180 million cash. Extreme had invested in both companies, which were purchased for about $73 million and $74 million respectively. In October 1996, Extreme Networks acquired Mammoth Technology.Įxtreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Main network brand acqusitions (as of 2019 ) In November 2021, Extreme Networks was named a Leader in the 2021 Gartner Magic Quadrant for Wired and Wireless LAN Access Infrastructure for the fourth consecutive year by Gartner analysts. In September 2020, analyst firm Omdia named Extreme Networks the fast-growing vendor in cloud-managed networking. Berger resigned as CEO, and was replaced by Board Chairman Ed Meyercord. In November 2014, Extreme Networks was named the first Official Wi-Fi solutions provider of the NFL. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO. The initial public offering in April 1999 was listed on the NASDAQ stock exchange as ticker "EXTR." 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. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider, and Stephen Haddock in 1996 in California, USA, with its first offices located in Cupertino, which later moved to Santa Clara, and later to San Jose.
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