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Enterasys buy puts Extreme in networking's big leagues

2013-11-27 13:31:17| InfoWorld: Top News

Now that Extreme Networks has closed its acquisition of Enterasys, it's time to focus on the task at hand as a company twice its previous size.

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Enterasys, PCM Partner on Cloud-Based WiFi

2013-10-08 02:15:59| Wireless - Topix.net

Enterasys Networks is partnering with PCM, a technology solutions provider, on a joint cloud-based wireless solution that will be available to businesses via partners.

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Extreme Networks buys Enterasys for USD 180 mln cash

2013-09-12 16:24:00| Telecompaper Headlines

(Telecompaper) Ethernet switching specialist Extreme Networks has entered into a definitive agreement to acquire Enterasys Networks for USD 180 million in cash. The combined entity will continue to support the product roadmaps of both companies going forward, in order to protect the investments of current customers and avoid any disruption to businesses. The companies wants to combine the ExtremeXOS and Enterasys network operating systems within two years, and so fully support both hardware platforms. Combined revenues are expected to be double that of either company alone. Significantly increased scale is expected to enable greater investments in R&D. The operating margin of the combined entity is also expected to increase over time as synergies are realised. The acquisition, excluding transaction, integration and purchase accounting related costs, is expected to be immediately accretive. The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter. The acquisition was approved by the board of directors of each company. Extreme Networks has received a preliminary debt commitment to finance at least USD 75 million of the purchase price, with the balance to be funded from cash on hand. The closing of the transaction is not conditioned upon the receipt of any bank financing.

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