Extreme also acquires other products and services in exciting new growth markets, such as Enhanced Network Access Control (ENAC), which includes solutions that allow customers to better manage IoT and BYOD scenarios. And now, Extreme will have the most advanced, easy-to-use cloud platform in the industry's fastest growing market segment. 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. We're equally excited to introduce our extensive portfolio of edge-to-cloud solutions to the Aerohive customer and partner base. 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. 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. We use cookies for traffic analytics and ad and content personalization. Financial Information* Enterprise Value: $100M EV/LTM Revenue: N/A EV/LTM EBITDA: N/A Transaction Facts Following its original offer on March ", Nabil Bukhari, Executive Vice President, Products Extreme Networks delivers end-to-end, cloud-driven networking solutions and top-rated services and support to advance our customers digital transformation efforts and deliver progress like never before. Mar 7, 2017 . 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. We've heard from so many of our partners and distributors that there is pent-up customer demand for cloud-managed networks. Through the acquisition, Extreme Networks will add in-house Managed Services’ capabilities to its existing offerings, providing broader options for all customers of the combined business. Extreme Networks Completes Acquisition of Aerohive Networks Enterprise networking leader announces acceptance of Aerohive Networks shares tendered. 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. We call this Customer-Driven Networking™. This will create new sales opportunities across every major industry we serve. Extreme Networks . Ed Meyercord, President and CEO, Extreme Networks “The acquisition of Aerohive establishes our leadership in cloud, AI, and ML, adding a proven and mature cloud services platform and subscription service model for Extreme’s customers and partners. 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. 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. Extreme Networks' management believes the Aerohive acquisition will accelerate its "path to greater than 60% gross margins and 15% operating margins on … Acquisition Extends Extreme's Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business Extreme Networks to Acquire Aerohive Networks | The ChannelPro Network Extreme intends to cause Aerohive's common stock to be delisted from the NYSE MKT and deregistered under the Exchange Act. 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. Acquisition Extends Extreme’s Leadership in Cloud Management and Wireless Networking, Adding Strong Subscription and Services Business. Resources. Our Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. 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. We use cookies for traffic analytics and ad and content personalization. Extreme Networks bietet End-to-End Cloud-gesteuerte Netzwerklösungen sowie erstklassige Services und Supportleistungen, um die digitale Transformation unserer Kunden voranzutreiben This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. As the 3rd largest player in enterprise networking with the 2nd largest cloud management platform, we’re in business to bring industry-leading solutions, differentiated technologies, and the highest level of customer support to assist you in changing your business outcomes and drive better results. Try Pro free Solutions. Infrastructure. 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. In the near-term, our respective customers and partners can expect cloud management support for our wired switching portfolio and new intelligence and assurance applications. 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. Extreme Networks, Inc., a software-driven networking company, and Aerohive Networks, a pioneer in cloud-managed networking, announced they have entered into a definitive agreement under which Extreme will acquire all of the outstanding shares of common stock of … 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. Advanced. Avaya - Networking business . Ed Meyercord President and Chief Executive Officer Published 27 Jun 2018. Find a Distributor // Home › Partners. Benefit fromflexible network fabrics that provide the automation and visibility toadapt to any application workload on any domain. Investor Relations › It also brings new SD-WAN capabilities to Extreme's solutions mix. Learn More. Extreme Networks to acquire Aerohive Networks for $272M. Extreme does not undertake, and specifically disclaims, any obligation to publicly update or amend any forward-looking statement, whether as a result of new information, future events, or otherwise. Resources. Extreme Networks has offered to pay $4.45 per HIVE share in the all-cash deal, and the company expects to complete the acquisition at some point by the end of this year. Pulling the acquisition trigger at the right time for the best price is extremely tricky in the IT industry. Drew C. Extreme Alum; 1832 replies It’s official! Extreme 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. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Now, 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. 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. Create custom connections for every user and device with greater security and reduced complexity and cost. "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. This continues Extreme’s efforts to consolidate the network industry. Today we announced that we've agreed to acquire Aerohive Networks! 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. 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. Even with 30,000 customers globally, including half of the Fortune 50 and some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing, we remain nimble and responsive to ensure customer and partner success. Extreme Networks to acquire rival Aerohive for $272m . 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. Prices shown in NZD and unless otherwise stated exclude GST and shipping. Extreme Networks Completes Acquisition of Aerohive Networks. 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. At the end of the last quarter, Extreme's net debt increased to $218.9 million because of its Aerohive acquisition. Extreme Networks buys Zebra's wireless LAN business, lands blue-chip customers. 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. Usually, the shares of the company that is making the acquisition drop after such news breaks, but the shares of Extreme Networks actually rose by 7%. The deal will expand Extreme's portfolio in cloud-managed Wi-Fi and network access control. Extreme Networks' management believes the Aerohive acquisition will accelerate its "path to greater than 60% gross margins and 15% operating margins on a … Aerohive was founded in 2006 and is headquartered in Milpitas, CA. "Closing our acquisition of Aerohive in just 45 days from initial announcement eliminates many execution risks and better positions us to transition customers smoothly. We officially closed our acquisition of Aerohive! Our 100% in-sourced services and support are number one in the industry. “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.

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