Extreme Networks Makes an Acquisition

Before you go, we thought you'd like these...
Before you go close icon

Extreme Networks will soon boast a new asset in its portfolio. The company announced it has reached an agreement to fully acquire privately held peer firm Enterasys Networks. The price is $180 million in cash.

Extreme considers Enterasys, which provides network infrastructure and security solutions, to be a highly complementary enterprise. In the press release announcing the acquisition, Extreme said it anticipates that within two years or so its ExtremeXOS network operating system "will be extended to incorporate additional features that are available in the Enterasys network operating systems and fully support both hardware platforms."

According to Extreme, Enterasys takes in roughly $330 million in annual revenues, and has a workforce of around 900 people. The purchase is expected to be immediately accretive to Extreme's results.

The article Extreme Networks Makes an Acquisition originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Extreme Networks, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading