We expect to close the transaction in the early July time frame. Pricing. With the close of this acquisition, 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. Ipanema Technologies acquired by Extreme Networks Ipanema Technologies Extreme Networks Aug 10, 2021 2. 1-5 of 8 results Statistics Edit View Timeline Export to CSV Transaction Name Acquiree Name Acquirer Name Announced Date Add Column 1. Extreme Networks has acquired 12 companies, including 4 in the last 5 years. Extreme Networks CEO touts open SDN strategy, robust wireless as key assets in changing net market Extreme CEO Charles Berger discusses Enterasys acquisition and integration, increasing demand for . The closing of the transaction is subject to customary anti-trust regulatory approvals and is expected to close in the fourth calendar quarter of 2013. This deal brings a talented team and a rich technology platform . This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. Extreme Networks Extreme Networks delivers the best wired/wireless networking experience for your staff, customers, and users. 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 one of its biggest . Extreme Networks has announced it has completed the acquisition of Ipanema, the cloud-native, enterprise SD-WAN division of Infovista. By Mark Haranas March 07, 2017, 04:40 PM EST. Extreme Networks' largest acquisition to date was in 2019, when it acquired Aerohive Networks for $272M. Once completed, this acquisition will mold the combined company into a. . 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 . Ipanema has declined in SD-WAN market share and customers in recent years; on the other . Since its acquisition of Aerohive Networks in 2019, Extreme Networks has climbed its way to the second-place spot in the cloud networking space, a segment that's only been on . SAN JOSE, Calif., Aug. 10, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced the intent to acquire a newly created entity called Ipanematech SAS ("Ipanema"), the SD-WAN division of Infovista. /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR) announced today all the conditions to close have been met and its acquisition of the Avaya Networking. Resources. Last month, Extreme Networks announced it would acquire Aerohive Networks ( HIVE) for $272 million in an all-cash deal. Terms of the agreement will see Extreme take control of all outstanding shares in the Wi-Fi vendor at $4.45 per share in cash, representing an aggregate purchase price of approximately $272 million. The deal is expected to close in the fourth quarter of 2016. Under the terms of the merger agreement, Extreme will commence a tender offer to acquire all of the outstanding shares of Aerohive's common stock at a price of $4.45 per share in cash, representing an aggregate purchase price of $272 million, plus the assumption of unvested options and restricted stock units. On June 26, 2019, Extreme Networks announced its intention to acquire Aerohive Networks for $272 million. Newsroom Extreme Networks Completes Acquisition of the Networking Business from Avaya, Inc. 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. A total of 4 acquisitions came from private equity firms. Under the terms of the merger agreement, Extreme will commence a tender offer to acquire all of the outstanding shares of Aerohive's common stock at a price of $4.45 per share in cash, representing an aggregate purchase price of $272 million, plus the assumption of unvested options and restricted stock units. On the details of the transaction, Extreme expects the deal to have neutral impact on Non-GAAP EPS in FY22 and . Extreme has closed acquisition of Infovista's Ipanema SD-WAN business. This comes only 45 days after the initial announcement of the acquisition on June 26th. The offer is for an all-cash deal, and it was hardly a surprise that shares of Aerohive Networks rose by as much as 39% in early morning trade. 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. Extreme Networks on Wednesday said it has agreed to purchase Brocade Communications Systems' data center networking business from Broadcom. Extreme Networks intends to acquire Ipanema, Infovista's SD-WAN division, in an all-cash deal valued at nearly $73 million. Extreme is paying a purchase price of $4.45 per share in cash, which . Extreme Networks announced the intent to acquire a newly created entity called Ipanematech ("Ipanema"), the SD-WAN division of Infovista. On July 18, 2017, Extreme Networks acquired communications company Broadcom - Data Center Networking Business from Broadcom. SAN JOSE, Calif., Aug. 10, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced the intent to acquire a newly created entity called. Ipanema, also referred to as Ipanematech SAS, will likely be incorporated. 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. The acquisition expands Extreme's ExtremeClouda portfolio, offering new cloud-managed SD-WAN and security software solutions required to power the Infinite Enterprise . SAN JOSE, Calif., July 17, 2017 /PRNewswire/ -- Extreme Networks, Inc. EXTR announced today that it has completed its acquisition of Avaya, Inc.'s ("Avaya") networking business. The acquisition expands Extreme's market-leading ExtremeCloud portfolio, offering new cloud-managed SD-WAN and security software solutions required to power the Infinite Enterprise. Notable M&A In a fresh development in the merger and acquisition space, Extreme Network has made an offer of $272 million to acquire rival Wi-Fi router maker Aerohive Networks. Extreme today announced that it has closed the acquisition of Ipanema SD-WAN, a division of parent company Infovista ahead of schedule. . Announced Date Aug 10, 2021 Completed On Date Sep 15, 2021 Acquisition Type Acquisition Price 60M Acquisition Status Complete Disposition of Acquired Organization Subsidiary Acquisition Terms Cash The transaction is expected to be completed in the fourth quarter of 2016 (The second quarter of the fiscal 2017 year for Extreme Networks) and is subject to customary closing conditions such as regulatory approvals. Brocade's portfolio provides Extreme with an industry leading data center solution used by enterprises and service providers, supports the . The. According to data from MarketBeat.com, Extreme Networks presently has an average rating of "Buy" and an average price target of $17.38. Q : When did the acquisition occur? Accounting for Aerohive's net cash balance of $62 million at the end of March, the deal is equivalent to an enterprise value of $210 million. Since the vendor's restructuring in 2015 and under the current management team, this is Extreme's fourth acquisition the other three are Zebra Technologies, Avaya's networking business, and . Recently, Extreme Networks announced that they had completed their acquisition of Aerohive Networks for $210 million, bringing the two network technology providers together. Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business. September 14, 2016 Extreme Networks this morning announced a $55 million all-cash deal to acquire Zebra Technologies Wireless LAN (WLAN) business unit. This is Extreme Networks' 7th transaction in the United States. March 30, 2017, 6:40 AM Extreme Networks Inc. ( EXTR) saw its shares jump early on Thursday after the company announced that it will be acquiring the data center networking business from Broadcom. This is Extreme Networks' 4th transaction in California. The acquisition will expand Extreme's market-leading. Aerohive Networks provides enterprise. The move, combined with several other recent acquisitions. Cloud-based networking firm Extreme Networks announced its intent to acquire Infovista's SD-WAN branch Ipanema, expanding its portfolio with additional cloud-managed SD-WAN and security solutions to power the 'Infinite Enterprise.'. SD-WAN Extreme Networks enters SD-WAN market with $70M Ipanema acquisition CxO Spotlight Kelsey Kusterer Ziser, Editor 9/24/2021 Comment (0) Extreme Networks has finalized its acquisition of. Ed Meyercord President and Chief Executive Officer Published 15 Sep 2021. SAN JOSE, Calif., and MILPITAS, Calif., June 26, 2019 -- Extreme Networks, Inc., a software-driven networking company, and Aerohive Networks, a pioneer in cloud-managed networking, today announced they have entered into a definitive agreement under which Extreme will acquire all of the outstanding shares of common stock of Aerohive at a price of $4.45 per share in cash, representing an . Avaya - Networking business acquired by Extreme Networks Avaya - Networking business Extreme Networks Acquisition Enhances Extreme's Enterprise Market Position and Increases Total Addressable Market. Log In. Extreme's first acquisition was Zebra's wireless LAN and security technology for $55 million in October 2016. The transaction was finalized on October 28, 2016. Extreme Networks on Wednesday announced it's acquiring Wi-Fi router maker Aerohive Networks for $272 million. Conference Call Today at 4:30 PM ET. An analyst says the $73 million acquisition is a terrific deal. The transaction is expected to close in the fourth quarter of 2016 (which is the second quarter of fiscal 2017 for . Once completed, this acquisition will mold the combined company into a. Extreme emerged as the winning bidder for Avaya's enterprise networking business unit in a deal valued at $100 million. I'm very pleased to announce that Extreme has entered into a definitive agreement to acquire Aerohive Networks, pioneer in cloud-managed networking at a price of $4.45 per share in cash,. As the cloud managed networking space heats up, Extreme Networks on Wednesday said it has signed a definitive agreement to acquire Aerohive Networks in deal worth approximately $272 million. SAN JOSE, Calif., Sept. 15, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it has completed the acquisition of Ipanema, the cloud-native, enterprise SD-WAN division of Infovista. Under the terms of the merger agreement, Extreme will commence a tender offer to acquire all of the outstanding shares of Aerohive's common stock at a price of $4.45 per share in cash, representing an implied, fully diluted equity value of $269 million. Extreme Networks Plans To Acquire Aerohive To Boost Wi-Fi Chops, Subscription Services Extreme's Aerohive acquisition closes WLAN product gap Extreme Networks to acquire Aerohive Networks for $272M Extreme targets cloud services, SD-WAN, WiFi 6 with $210M Aerohive grab Speaking of Quadrants, we are exactly where you need us to be. Infovista is moving on from the Ipanema SD-WAN unit it bought in 2015. The acquisition will expand Extreme's market leading ExtremeCloud portfolio, offering new cloud-managed SD-WAN and security offerings required to power the Infinite Enterprise. Avaya had itself acquired the enterprise networking business from Nortel Networks for $900 million in December 2009. 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. Announced Date Sep 12, 2013; We are excited to announce the closing of our acquisition of Ipanema, the cloud-native enterprise SD-WAN business unit of Infovista. Through this acquisition, Extreme Networks will continue to leverage their software-driven enterprise network equipment while . Start Free Trial . In the proposed deal, Extreme expects that Infovista will enter into a definitive purchase agreement valued at 60m (approximately $73m) in an all-cash deal, subject to customary adjustments. Extreme Networks today announced that it has completed the acquisition of Brocade's data center switching, routing and analytics business, completing one of the most remarkable . Extreme Networks acquires Enterasys Networks on 2013-09-12 for an undisclosed amount. This strategic acquisition underscores Extreme's growth strategy of being the only company in the world exclusively focused on providing software-driven wired and wireless networking solutions for the enterprise. Last month, Extreme Networks announced it would acquire Aerohive Networks (NYSE: HIVE) for $272 million in an all-cash deal. The 60 million Euro purchase price is a steal and fits the mold of other Extreme acquisitions, because Ipanema is a top-tier technology that was a stranded asset inside a larger organization where . SAN JOSE, Calif. and SINGAPORE, March 29, 2017 /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR) and Broadcom Limited (NASDAQ: AVGO) today jointly announced that they have entered into an agreement for . 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 . A : On September 14, 2016, Zebra entered into a definitive agreement with Extreme Networks in which Extreme agreed to acquire Zebra's WLAN business. Extreme Networks. Extreme Networks is set to acquire Avaya's Networking business for $100 million just months after Avaya said it was seeking Chapter 11 bankruptcy . SAN JOSE, Calif. and LINCOLNSHIRE, Ill. Sept. 14, 2016 - Extreme Networks, Inc. (NASDAQ: EXTR) and Zebra Technologies Corporation (NASDAQ: ZBRA) announced today that Extreme Networks has agreed to acquire Zebra's wireless LAN (WLAN) business in an all-cash transaction. Extreme Networks ( NASDAQ: EXTR) announced it has agreed to acquire all outstanding shares of common stock of Aerohive Networks ( HIVE) for $272 million. Extreme is funding the purchase by pulling $105 million from its . That deal provided the enterprise networking company with $115 million in sales in a . Acquisition Highlights. Additional Resources Extreme Acquisitions & Integrations Page The WLAN technology that Extreme Networks is now gaining has its roots at Motorola. Solutions. Extreme Networks closed on its acquisition of networking assets from Avaya this week. SAN JOSE, Calif., Aug. 9, 2019 /PRNewswire/ Extreme Networks, Inc. ("Extreme"; Nasdaq: EXTR), a software-driven networking company, announced today that it has completed its acquisition of Aerohive Networks, (NYSE: HIVE), a pioneer in cloud-managed networking, bringing together the world's #2 leader in cloud managed wireless LAN services with the #3 provider of enterprise . Have neutral impact on Non-GAAP EPS in FY22 and before the market opened today ( June 26, June 26th by Extreme Networks Buying Infovista SD-WAN unit it bought in 2015 the initial announcement of the was 4Th transaction in California is Extreme Networks Buying Infovista SD-WAN unit it bought in 2015 recent years on! 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