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9/12/2013
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Extreme Networks Buys Enterasys For $180 Million

Extreme announces a bid to acquire Enterasys Networks, doubling the size of the Ethernet switching vendor.

Extreme Networks said on Thursday that it's acquiring Enterasys Networks. The deal, in which Extreme is acquiring all outstanding shares of Enterasys for $180 million in cash, appears to be intended to extend both companies’ viability in a market dominated by Cisco and Hewlett-Packard.

“The combination brings together two leaders and long-time players in the Ethernet networking space,” Extreme CEO Chuck Berger said during a conference call with analysts and media. “We will be the largest company focused on Ethernet switching.”

Meanwhile, Chris Crowell, CEO of Enterasys, was more direct: “Scale matters in this business.”

Read the rest of this article on Network Computing.

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