Extreme Networks Completes Acquisition of Aerohive Networks, Cloud-Managed Networking Market Report – 2019, http://www.prnewswire.com/news-releases/extreme-networks-completes-acquisition-of-aerohive-networks-300899390.html. ", Chris DePuy, Founder and Technology Analyst, 650 Group Financial Information* Enterprise Value: $100M EV/LTM Revenue: N/A EV/LTM EBITDA: N/A Transaction Facts Following its original offer on March 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. 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. The Purchaser has accepted for payment all shares that were validly tendered prior to expiration of the tender offer, and payment for such shares will be made promptly, in accordance with the terms of the tender offer. And now, Extreme will have the most advanced, easy-to-use cloud platform in the industry's fastest growing market segment. Investor Relations › 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. This comes only 45 days after the initial announcement of the acquisition on June 26th. Extreme Networks Wins Auction for Avaya’s Networking Business. ... Avaya - Networking business acquired by Extreme Networks . Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties which include, without limitation, risks associated with acquisitions, such as the risk that the businesses will not be integrated successfully, that such integration may be more difficult, time-consuming or costly than expected or that the expected benefits of the transaction will not occur; risks related to future opportunities and plans for the acquired company and its products, including uncertainty of the expected financial performance of the acquired company and its products; disruption from the proposed transaction, making it more difficult to conduct business as usual or maintain relationships with customers, employees or suppliers; the calculations of, and factors that may impact the calculations of, the acquisition price in connection with the proposed merger and the allocation of such acquisition price to the net assets acquired in accordance with applicable accounting rules and methodologies; and the possibility that if the acquired company does not achieve the perceived benefits of the proposed transaction as rapidly or to the extent anticipated by financial analysts or investors, the market price of Extreme's shares could decline. View all 7 acquisitions from this search. 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. 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. 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 … Today we announced that we've agreed to acquire Aerohive Networks! A total of 4 acquisitions came from private equity firms.. Credited with pioneering Controller-less Wi-Fi and Cloud Management, Aerohive delivers continuous innovation at Cloud-speed that constantly challenges the industry norm, allowing customers to rethink what's possible. Adaptive connectivity from your DC to branch, Streamline network operations from the edge to DC, Unlock new IT and business insights and intelligence, Easily control corporate, guest, BYOD, and IoT access, Customer-only access to resources and support, Searchable index of technical problems and solutions, Detailed technical manuals for Extreme products, A list of products approaching end of purchase date, A list of all Extreme policies and warranties, Wide selection of self-paced or instructed courses, Around the clock support for your network, Network solutions, consultation, and implementation, Fully managed ITIL-based network services and more, Important documents regarding the acquisition are listed below. Zebra WLAN customers will benefit from Extreme Networks’ entire portfolio. read the report. About Aerohive Networks Acquisition Extends Extreme’s Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business. The roadmap will be discussed in detail with the Avaya and Extreme teams on the June 14 th webinar. 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. For more information, visit Extreme's website or call 1-888-257-3000. Ed Meyercord President and Chief Executive Officer Published 27 Jun 2018. In the near-term, our respective customers and partners can expect cloud management support for our wired switching portfolio and new intelligence and assurance applications. Extreme Networks to acquire rival Aerohive for $272m . Win every interaction at the edge by delighting customers, empowering staff, and deflecting threats. Our innovations and global cloud footprint radically simplify Access Network operation for 30,000+ customers and 10+ million daily users. We use cookies for traffic analytics and ad and content personalization. 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 delivers end-to-end, cloud-driven networking solutions and top-rated services and support to advance our customers digital transformation efforts and deliver progress like never before. Ed Meyercord, President and CEO, Extreme Networks “The acquisition of Aerohive establishes our leadership in cloud, AI, and ML, adding a proven and mature cloud services platform and subscription service model for Extreme’s customers and partners. Transform your data center from a Pandora’s box to a turbocharged engine of growth and innovation. Learn More. 0 replies; 1244 views Userlevel 7. Extreme Networks delivers end-to-end, cloud-driven networking solutions and top-rated services and support to advance our customers digital transformation efforts and deliver progress like never before. We call this Customer-Driven Networking™. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. "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 Networks has acquired 11 companies, including 4 in the last 5 years. Computershare Inc., the depositary for the tender offer, has advised Extreme that, as of the expiration of the tender offer, a total of 47,053,536 shares of Aerohive's common stock were validly tendered in the tender offer representing approximately 81.14% of Aerohive's then-outstanding shares. Products. Extreme Networks to Acquire Aerohive Networks Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and … Extreme Networks CEO Ed Meyercord said the acquisition will move wireless LAN from 10 percent of Extreme… Extreme continues to invest in software and AI to expand the automation capabilities across our portfolio of edge-to-cloud … Brocade Communications Systems acquired by Extreme Networks . Try Pro free Solutions. Our Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. Find a Distributor // Home › Partners. Resources. Extreme Networks completes acquisition of Aerohive Networks to help customers accelerate their digital transformation efforts. Extreme Networks Completes Acquisition of Aerohive Networks. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, or become a fan on our Facebook page. Looking for an Extreme Networks Distributor? The closing of the transaction is subject to customary anti-trust regulatory approvals … Extreme Networks will acquire Avaya’s network assets along with employees, partners, and networking customers. Post-acquisition, customers and partners of Extreme and Aerohive will be able to mix and match a broader array of software, hardware, and services Elements to create networks that support their unique needs and that may be managed and automated from end-to-end – from the enterprise edge to the cloud – to advance their digital transformation efforts. 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. We use cookies for traffic analytics and ad and content personalization. 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. Infrastructure. As one of our new customers, we want to welcome you to Extreme Networks! Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business Extreme Networks to Acquire Aerohive Networks | The ChannelPro Network 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%. Aerohive uses Cloud Management, Machine Learning, and Artificial Intelligence to radically simplify and secure the Access Network. Avaya - Networking business . With Aerohive, Extreme will offer customers and partners more choices for cloud and on-premises wired and wireless technology, including the industry's broadest array of wireless LAN solutions at a critical technology transition to Wi-Fi 6 – all from a single vendor and backed by its award-winning, insourced services and support team. Aug 10, 2009. This press release contains forward-looking statements including, but not limited to, statements about Extreme's beliefs and expectations, statements about Extreme's proposed acquisition of Aerohive, including expectations regarding the growth and success of the combined entity, Extreme's strategy, plans, objectives, expectations (financial or otherwise) and intentions, future financial results and growth potential, anticipated product portfolio, development programs and other statements that are not historical facts. Extreme Networks Announces Agreement to Acquire Enterasys Networks SAN JOSE and SALEM, N.H. , Sept. 12, 2013 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR) and Enterasys Networks, Inc. today announced that Extreme Networks has entered into a definitive agreement to acquire all outstanding stock of Enterasys in an all cash transaction valued at $180 million . Extreme Networks . It also brings new SD-WAN capabilities to Extreme's solutions mix. Extreme Networks Completes Acquisition of Aerohive Networks. 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. 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. At the end of the last quarter, Extreme's net debt increased to $218.9 million because of its Aerohive acquisition. Software-driven networking company Extreme Networks has announced that it will acquire Wi-Fi router maker Aerohive Networks for $272m. We are excited to bring Aerohive's market leading cloud management, AI and ML, and SD-WAN capabilities to our customers and partners. Founded in 1996, Extreme is headquartered in San Jose, California. Acquisition Enhances Extreme's Enterprise Market Position and Increases Total Addressable Market. … Extreme Networks' management believes the Aerohive acquisition will accelerate its "path to greater than 60% gross margins and 15% operating margins on … An Acquisition Molds Extreme Networks Into a Cloud Leader Buying Aerohive Networks helps Extreme Networks' position in cloud networking software and … We are the 3rd largest provider in enterprise networking and now have the 2nd largest cloud management platform. Pricing. Extreme Networks of Santa Clara, Calif., founded in 1996, is a publicly listed company that designs, builds, and installs sophisticated Ethernet solutions that meet the toughest challenges in network connectivity and IP-based communications. 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 buys Zebra's wireless LAN business, lands blue-chip customers. The enhanced Extreme Partner Program combines existing programs and acquired technologies into one simple, unified offering. As the 3rd largest player in enterprise networking with the 2nd largest cloud management platform, we’re in business to bring industry-leading solutions, differentiated technologies, and the highest level of customer support to assist you in changing your business outcomes and drive better results. Orders shipped to New Zealand only. We officially closed our acquisition of Aerohive! This continues Extreme’s efforts to consolidate the network industry. Mar 7, 2017 . Extreme Networks has had a successful acquisition strategy to date, and investors should expect the company to continue gobbling up smaller rivals as … Aerohive's agile development methodologies and high performing teams will dramatically increase our speed of innovation, driving enhancements to existing solutions and development of new use cases as we continue to invest in the platform. See how at www.aerohive.com/customers. Create custom connections for every user and device with greater security and reduced complexity and cost. 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 … This continues Extreme’s efforts to consolidate the network industry. 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. Advanced. 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. Soapstone Networks . Extreme does not undertake, and specifically disclaims, any obligation to publicly update or amend any forward-looking statement, whether as a result of new information, future events, or otherwise. 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. Extreme Networks to acquire Aerohive Networks for $272M. This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. Other trademarks shown herein are the property of their respective owners. 2. Recently, Extreme Networks announced that they had completed their acquisition of Aerohive Networks for $210 million, bringing the two network technology providers together. Resources. 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 services¹ with the #3 provider of enterprise networking equipment. For further details and a discussion of these and other risks and uncertainties, please see Extreme's public filings with the Securities and Exchange Commission, including Extreme's latest periodic reports on Form 10-K and 10-Q. Now, customers and partners of Extreme and Aerohive will be able to mix and match a broader array of software, hardware, and services Elements to create networks that support their unique needs and that may be managed and automated from end-to-end – from the enterprise edge to the cloud – to advance their digital transformation efforts. 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. Acquisition will expand Extreme's cloud-managed Wi-Fi and Network access control portfolio. These forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including important factors that could delay, divert, or change any of these expectations, and could cause actual outcomes and results to differ materially from current expectations. The Company’s most targeted sectors include technology hardware (50%) and communications (25%). 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