Extreme Networks Completes Acquisition of Aerohive 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 protection. 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. Resources. The closing of the transaction is subject to customary anti-trust regulatory approvals … Our 100% in-sourced services and support are number one in the industry. This comes only 45 days after the initial announcement of the acquisition on June 26th. “The acquisition of Aerohive establishes our leadership in cloud, artificial intelligence and machine learning, adding a proven and mature cloud services platform and subscription service model for Extreme's customers and partners,” said Ed Meyercord, president and CEO of Extreme Networks. 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 . 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. This will create new sales opportunities across every major industry we serve. Advanced. About Extreme NetworksExtreme Networks, Inc. (EXTR) delivers software-driven solutions from the enterprise edge to the cloud that are agile, adaptive, and secure to enable digital transformation. 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. 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. With unmatched responsiveness and support, we provide the tools you need to drive business growth. 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. From a financial perspective, Aerohive's platform is a critical component in our strategy to add subscription-oriented SaaS and cloud-based solutions that will enable us to drive recurring revenue and improved cash flow generation. Get insights, visibility and control with advanced security and superior quality of user experience, Network switching products from Edge to Core—the foundation of a next-gen network, Lightning speed and scalable routers ideal for enterprise, data center, and service providers, Introducing the industry’s first flow-based 802.11ac Wave 2 wireless products, Network solutions consultation and implementation, Dedicated customer advocacy team to ensure that all your services needs are met, Superior, around-the-clock support for your network configuration, Fully managed, ITIL-based network services, defense & infrastructure, A wide selection of instructor-led and self-paced technical courses, A simple way for institutions to obtain Extreme software license access. Try Pro free Solutions. SAN JOSE, Calif., Aug. 9, 2019 / / — 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. ", Nabil Bukhari, Executive Vice President, Products Aerohive was founded in 2006 and is headquartered in Milpitas, CA. We are the 3rd largest provider in enterprise networking and now have the 2nd largest cloud management platform. 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. By combing Aerohive into Extreme, Extreme will be one of only a handful of vendors that can offer a full campus solution.". Looking for an Extreme Networks Distributor? 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. Extreme Networks CEO Ed Meyercord said the acquisition will move wireless LAN from 10 percent of Extreme… 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. 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. Pricing. Brocade Communications Systems acquired by Extreme Networks . As one of our new customers, we want to welcome you to Extreme Networks! Extreme intends to cause Aerohive's common stock to be delisted from the NYSE MKT and deregistered under the Exchange Act. Win every interaction at the edge by delighting customers, empowering staff, and deflecting threats. 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. Acquisition will expand Extreme's cloud-managed Wi-Fi and Network access control portfolio. Investor Relations › Details on Deal Close 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. Infrastructure. Extreme Networks Completes Acquisition of the Wireless LAN Business from Zebra Technologies SAN JOSE, Calif. , Oct. 31, 2016 /PRNewswire/ -- Extreme Networks, Inc. ( NASDAQ : EXTR) announced today that it has completed its acquisition of Zebra Technology Corporation's ( NASDAQ : ZBRA) wireless LAN (WLAN) business. READING, UK, June 26, 2019 — Extreme Networks, (Nasdaq: EXTR), a software-driven networking company, and Aerohive Networks (NYSE: HIVE), a pioneer in cloud-managed networking, today announced they have entered into a definitive agreement under … 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. Extreme Networks will acquire Avaya’s network assets along with employees, partners, and networking customers. And now, Extreme will have the most advanced, easy-to-use cloud platform in the industry's fastest growing market segment. Extreme will acquire customers, personnel and technology assets from Zebra. ", Chris DePuy, Founder and Technology Analyst, 650 Group We are excited to bring Aerohive's market leading cloud management, AI and ML, and SD-WAN capabilities to our customers and partners. Acquisition Enhances Extreme's Enterprise Market Position and Increases Total Addressable Market. read the report. 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 … 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. Soapstone Networks . 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. "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 Completes Acquisition of Aerohive Networks. It also brings new SD-WAN capabilities to Extreme's solutions mix. Extreme Networks has acquired 11 companies, including 4 in the last 5 years. We're equally excited to introduce our extensive portfolio of edge-to-cloud solutions to the Aerohive customer and partner base. Extreme's tender offer by its wholly-owned subsidiary, Clover Merger Sub, Inc. ("Purchaser"), to purchase all outstanding stock of Aerohive Networks, Inc. ("Aerohive"; NYSE: HIVE) at an offer price of $4.45 expired as scheduled at midnight (New York City time) at the end of the day on Thursday, August 8, 2019. Pulling the acquisition trigger at the right time for the best price is extremely tricky in the IT industry. Extreme continues to invest in software and AI to expand the automation capabilities across our portfolio of edge-to-cloud … Aug 10, 2009. Pursuant to the Merger Agreement, each share of capital stock of Aerohive issued and outstanding immediately prior to the effective time of the merger (other than shares (i) that are owned by or held in the treasury of Aerohive, or owned by Extreme or any direct or indirect wholly-owned subsidiaries of Extreme or Aerohive or (ii) in respect of which appraisal rights were perfected in accordance with Section 262 of the General Corporation Law of the State of Delaware) not validly tendered and purchased in the tender offer were converted into the right to receive the same per-share price paid in the tender offer, without interest, subject to any withholding of taxes required by applicable law. "Closing our acquisition of Aerohive in just 45 days from initial announcement eliminates many execution risks and better positions us to transition customers smoothly. This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. Zebra WLAN customers will benefit from Extreme Networks’ entire portfolio. 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. Extreme Networks buys Zebra's wireless LAN business, lands blue-chip customers. Founded in 1996, Extreme is headquartered in San Jose, California. View all 7 acquisitions from this search. Recently, Extreme Networks announced that they had completed their acquisition of Aerohive Networks for $210 million, bringing the two network technology providers together. View original content to download multimedia:http://www.prnewswire.com/news-releases/extreme-networks-completes-acquisition-of-aerohive-networks-300899390.html, Home › The deal will expand Extreme's portfolio in cloud-managed Wi-Fi and network access control. 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’ largest acquisition to date was in 2019, when it acquired Aerohive Networks for $272M.Extreme Networks has acquired in 4 different US states. We've heard from so many of our partners and distributors that there is pent-up customer demand for cloud-managed networks. When you upgrade to Crunchbase Pro, you can access unlimited search results, save your dynamic searches, and get notified when new companies, people, or deals meet your search criteria. 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. 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. Search Crunchbase. The tender offer was made pursuant to an Offer to Purchase, dated July 12, 2019, and in connection with the Agreement and Plan of Merger, dated June 26, 2019, by and among Extreme, Purchaser and Aerohive (the "Merger Agreement"), which Extreme and Aerohive previously announced on June 26, 2019. … Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. 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. The enhanced Extreme Partner Program combines existing programs and acquired technologies into one simple, unified offering. 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. Extreme Networks' management believes the Aerohive acquisition will accelerate its "path to greater than 60% gross margins and 15% operating margins on a … Extreme Networks completes acquisition of Aerohive Networks to help customers accelerate their digital transformation efforts. Extreme Moves Into Networking Top Tier With Acquisition of Aerohive, 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. Orders shipped to New Zealand only. Acquisition search results. 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. Resources. Transform your data center from a Pandora’s box to a turbocharged engine of growth and innovation. 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. Learn More. 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 … Extreme Networks to Acquire Aerohive Networks Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and … 0 replies; 1244 views Userlevel 7. 1 year ago 9 August 2019. 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. 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. See how at www.aerohive.com/customers. 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. Drew C. Extreme Alum; 1832 replies It’s official! The roadmap will be discussed in detail with the Avaya and Extreme teams on the June 14 th webinar. "Avaya's networking business is a strategic fit for Extreme Networks that strengthens the company's position in the enterprise market," ZK Research Analyst and Founder Zeus Kerravala said in a statement. 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. This continues Extreme’s efforts to consolidate the network industry. For more information, visit Extreme's website or call 1-888-257-3000.

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