Extreme Networks, Inc. (NASDAQ: EXTR) said it has entered into a definitive agreement to acquire all outstanding stock of Enterasys Networks, Inc. in an all cash transaction valued at USD180m.
As network switching leaders in enterprise, data centre and cloud, Extreme Networks and Enterasys Networks together will combine and extend their world-class products and technologies to provide customers with some of the most advanced, high performance, and open solutions in the market as well as a superb overall customer experience.
Extreme Networks, Inc. is a technology leader in high-performance Ethernet switching for cloud, data centre and mobile networks. Based in San Jose, CA, Extreme Networks has more than 6,000 customers in more than 50 countries. For more information, visit the company´s website at http://www.extremenetworks.com.