Extreme Networks all set to acquire Enterasys Networks
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
"The combination of Extreme Networks and Enterasys is significant in that it brings together two companies with distinct strengths addressing the key areas of the network, from unified wired and wireless edge, to the enterprise core, to the data center and cloud," said Zeus Kerravala, Principal Analyst & President, ZK Research.
The combined company will be committed to continue to support the product roadmaps of both companies going forward to protect investments of the current customers and avoid any disruption to businesses.
Within approximately two years, the combined companies expect that ExtremeXOS, Extreme Networks advanced network operating system, will be extended to incorporate additional features that are available in the Enterasys network operating systems and fully support both hardware platforms. The company believes that customers will benefit by having a single network operating system that delivers functionality across both product lines and is designed to allow customers to seamlessly choose which hardware platform best meets their deployment needs.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth calendar quarter of 2013. Under the terms of the agreement, Extreme Networks will pay US$180 million in cash in exchange for all outstanding shares of Enterasys. The acquisition has been approved by the board of directors of each company.
Prior to the closing of the transaction, each company will continue to operate separately........See More
Extreme Networks and Enterasys Networks have announced that Extreme Networks has entered into a definitive agreement to acquire all outstanding stock of Enterasys in an all-cash transaction valued at US$180 million.
As network switching leaders in enterprise, data center 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.
As network switching leaders in enterprise, data center 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.
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"The combination of Extreme Networks and Enterasys is significant in that it brings together two companies with distinct strengths addressing the key areas of the network, from unified wired and wireless edge, to the enterprise core, to the data center and cloud," said Zeus Kerravala, Principal Analyst & President, ZK Research.
The combined company will be committed to continue to support the product roadmaps of both companies going forward to protect investments of the current customers and avoid any disruption to businesses.
Within approximately two years, the combined companies expect that ExtremeXOS, Extreme Networks advanced network operating system, will be extended to incorporate additional features that are available in the Enterasys network operating systems and fully support both hardware platforms. The company believes that customers will benefit by having a single network operating system that delivers functionality across both product lines and is designed to allow customers to seamlessly choose which hardware platform best meets their deployment needs.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth calendar quarter of 2013. Under the terms of the agreement, Extreme Networks will pay US$180 million in cash in exchange for all outstanding shares of Enterasys. The acquisition has been approved by the board of directors of each company.
Prior to the closing of the transaction, each company will continue to operate separately........See More