Extreme Networks completes acquisition of WLAN business from Zebra Technologies
The acquisition of the WLAN business strengthens and expands Extreme's end-to-end, wired and wireless software-driven networking solutions and complements its vertical market focus.
"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," said Ed Meyercord, president and CEO of Extreme Networks.
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.
Extreme expects the transaction to be accretive to cash flow and earnings for its fiscal year 2017 and expects to generate over $115 million in annualized revenue from the acquired WLAN assets. ■