Extreme Networks To Buy Enterasys For $180 Mln Cash - Quick Facts

(RTTNews) - Extreme Networks, Inc.(EXTR), a provider of network infrastructure equipment and services, Thursday said it entered into a definitive agreement to acquire all outstanding stock of a privately-held, provider of wired and wireless network infrastructure and security solutions, Enterasys, for $180 million cash. Enterasys has about 900 employees and $330 million in annual revenues.

Extreme Networks and Enterasys Networks together provide customers with some of the most advanced, high performance, and open solutions in the market. The companies' revenue will be about double that of either company alone. The acquisition is expected to be immediately accretive, excluding transaction, integration and purchase accounting related costs.

"Combining Enterasys technologies and products including their Coreflow modular switches, IdentiFi wireless and the NetSight system management application will extend and complement our product offering which we expect will provide significant added value to the current customers of both Extreme and Enterasys."said Chuck Berger, President and CEO of Extreme Networks.