TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Avaya Newsroom

Tracker

Extreme Networks completes acquisition of the networking business from Avaya, Inc.

Via Avaya Newsroom

Jul 18, 2017

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.

“This is an exciting day for Extreme and a strategic milestone for our company that further enables us to deliver the end-to-end networking solutions and services enterprise customers across our target vertical markets need to run their businesses,” said Ed Meyercord, President and CEO of Extreme Networks. “In addition to acquiring networking assets that complement and strengthen our capabilities, we are expanding our bench of talented and experienced employees, partners and networking customers. We’ve already seen great participation from new and existing partners and customers during our recent closing roadmap webinar, which is a key indicator of the mutual excitement for this deal.”

“As I’ve worked with the leadership teams of both companies throughout this process, it’s been clear this is the right move for all of us – one that will accelerate growth for both Extreme Networks and Avaya,” said Kevin Kennedy, President and CEO of Avaya. “We believe the addition of our complementary, award-winning wired, WLAN and Fabric technology will not only strengthen Extreme Networks’ competitive position but also create strategic opportunities for customers and partners. We look forward to continuing Avaya’s focus on growth within our core, industry-leading Unified Communications and Contact Center solutions.”

As part of this transaction, Extreme acquired customers, personnel and technology assets from Avaya. The acquisition strengthens Extreme’s position as a leader across the education, healthcare, and government markets with the addition of Avaya’s award winning fabric technology for highly secure, simplified access, management and control. The acquisition also strengthens Extreme’s switching portfolio, including a new family of high performance modular switches, software tools and IoT technology.

“Avaya’s networking business is a strategic fit for Extreme Networks that strengthens the company’s position in the enterprise market,” said Zeus Kerravala, analyst & founder, ZK Research. “Avaya’s strength in the core and campus perfectly complements Extreme’s market focus. Additionally the acquisition is a positive move for Extreme, Avaya and both customer bases as it creates a company with best-in-class products that span the entire enterprise network.”

Extreme continues to anticipate the transaction will be accretive to cash flow and earnings for its fiscal year 2018, which began on July 1, and expects to generate over $200 million in annualized revenue from the acquired networking assets from Avaya.


About Extreme Networks

Extreme Networks, Inc. (EXTR) delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Wired to wireless, desktop to data center, on premise or through the cloud, we go to extreme measures for our customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing. Founded in 1996, Extreme is headquartered in San Jose, California .

Related Topics
  • Announcement,
  • Avaya,
  • Data Centres,
  • Digital Platforms & Services,
  • Enterprise,
  • News,
  • North America,
  • Tracker

More Like This

Access Evolution

Interxion: A Digital Realty Company collaborates with PCCW Global to deliver submarine cable gateway to Europe

Jan 15, 2021

Access Evolution

How AI and connectivity could unlock a new drone age for industry

Jan 15, 2021

Security

Versa Networks records strongest year ever of rapidly growing SASE and secure SD-WAN sales

Jan 14, 2021

Access Evolution

CityFibre invests over £60m in Sunderland’s Full Fibre future

Jan 14, 2021

5G

EE named UK's No. 1 network for gaming as 5G is switched on in 13 new UK towns

Jan 14, 2021

This content extract was originally sourced from an external website (Avaya Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:4:29

Great Telco Debate: Live Debate – Day 2 (On-demand)

1:18:20

Great Telco Debate: Live Debate – Day 3 (On-demand)

43:08

Developing an ecosystem for vRAN

1:5:11

Great Telco Debate: Live Debate – Day 1 (On-demand)

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices