Extreme Networks has completed its acquisition of Avaya networking business this week.
“This is an exciting day for Extreme Networks and a strategic milestone for our company that further enables us to deliver the end-to-end networking solutions and services enterprise customers across our target vertical markets need to run their businesses,” said Ed Meyercord, President and CEO of Extreme Networks. “In addition to acquiring networking assets that complement and strengthen our capabilities, we are expanding our bench of talented and experienced employees, partners and networking customers. We’ve already seen great participation from new and existing partners and customers during our recent closing roadmap webinar, which is a key indicator of the mutual excitement for this deal.”
“As I’ve worked with the leadership teams of both companies throughout this process, it’s been clear this is the right move for all of us – one that will accelerate growth for both Extreme Networks and Avaya,” said Kevin Kennedy, President and CEO of Avaya. “We believe the addition of our complementary, award-winning wired, WLAN and Fabric technology will not only strengthen Extreme Networks’ competitive position but also create strategic opportunities for customers and partners. We look forward to continuing Avaya’s focus on growth within our core, industry-leading Unified Communications and Contact Center solutions.”
As part of this transaction, Extreme Networks acquired customers, personnel and technology assets from Avaya.
“Avaya’s networking business is a strategic fit for Extreme Networks that strengthens the company’s position in the enterprise market,” said Zeus Kerravala, analyst & founder, ZK Research. “Avaya’s strength in the core and campus perfectly complements Extreme Networks’ market focus. Additionally the acquisition is a positive move for Extreme Networks, Avaya and both customer bases as it creates a company with best-in-class products that span the entire enterprise network.”
Extreme Networks continues to anticipate the transaction will be accretive to cash flow and earnings for its fiscal year 2018, which began on July 1, and expects to generate over $200 million in annualised revenue from the acquired networking assets from Avaya.