Latin America. For $180 million, Extreme Networks acquired Enterasys Networks, a business through which the former expects to increase revenue by nearly $600 million annually and is today the fourth largest provider of Ethernet networks.
Chuck Berger, CEO of Extreme Networks said, "We are committed to preserving and enhancing our customers' investments and existing portfolio lifecycles. Our vision is to deliver superior quality products and services to our customers and lead the industry with networking solutions that enable IT organizations to accelerate business growth and efficiency."
Chris Crowell, former CEO of Enterasys and now COO of Extreme Networks, said he was delighted with this combination with Extreme Networks. "We now have the ability to execute on many fronts, and we will expand our reach in the market. Our networking innovation will deliver the highest level of customer value."
The combined company becomes a leader in the networking industry with more than 12,000 customers. This union has received very good feedback from industry analysts, such as Bob Laliberte, senior analyst at Enterprise Strategy Group, who indicated that "By combining resources and focusing on complementary technology areas, the combined entity must be able to accelerate the time to market of innovative network solutions."
