Extreme expects to generate over $115 million in annualised revenue from the acquired assets
Extreme Networks has completed the acquisition of Zebra Technologies’ wireless LAN business, as previously covered on ChannelBiz.
The transaction purchase price was $55 million and Extreme expects to generate over $115 million in annualised revenue from the acquired WLAN assets.
“The acquired technology complements Extreme’s existing portfolio of software-driven networking solutions and provides new opportunities for its entire ecosystem of partners, distributors, customers and employees.
“The enterprise WLAN market is one of the fastest growing networking segments globally and Extreme is solidifying its role as a major player in the marketplace through this deal.”
Ed Meyercord, president and CEO of Extreme Networks, said: “This exciting acquisition solidifies Extreme’s position as the third largest provider in our target enterprise campus market and creates numerous growth opportunities for expanded solutions and services offerings for our customers.”
Extreme acquired customers, personnel and technology assets from Zebra. The acquisition positions Extreme as a leader across the hospitality, education, healthcare, manufacturing and state and local government markets, the vendor said.