The company has been the winner in the process of bidding for the assets of this business unit, which has acquired for 100 million dollars.
Extreme networks have been successful in bidding to acquire Avaya’s network business, so they acquired the assets of this business unit for about $100 million, in accordance with the terms and conditions of the agreement. The purchase reached between both companies last March.
The definitive agreement has been approved by the New York state bankruptcy court and expects the purchase to be closed definitively on July 1, 2017, subject to the usual closing conditions and the authorization of the regulatory authorities.
“This acquisition represents an important step forward in the growth strategy undertaken by the company and positions Extreme as the third provider for the size of the network market for corporate environments,” said Ed Meyercord, president and CEO of Extreme Networks.
“The completion of the auction process is a key time to make this purchase a reality.” Avaya’s network solutions business seamlessly complements our existing portfolio and extends its enterprise-level solution capabilities across all of our strategic vertical markets. Already working and advancing in our integration plans for both Avaya solutions and network solutions for the Brocade data center. “
As previously announced, the transaction will have a positive impact on the company’s cash flow and profits during fiscal year 2018, which begins July 1, and expects that Avaya’s assets acquired generate annual revenues in excess of The 200 million dollars
This operation is part of Extremo’s strategy to complete through strategic acquisitions of its portfolio with state-of-the-art solutions for any red environment in any organization, from data center, red core, campus, to extreme red.
In October 2016, the company completed the acquisition of the WLAN business of Zebra Technology Corporation, which is expected to generate annual revenues of $115 million by 2018. In March, Extreme announced an agreement to acquire the Hub Solutions business Data (Routing, Switching and Red Analysis) from Brocade. The acquisition of Brocade, once completed, reported revenues of $230 million.