Extreme Networks announces to have acquired Zebra’s wireless LAN (WLAN) business for $55 million. Expected to close in the Q4 of 2016 and Q2 of fiscal 2017 for Extreme Networks, the known all-cash transaction strengthen and expand Extreme Networks’ end-to-end, wired and wireless software-driven networking solutions and complements its vertical market focus.
The acquisition is sought to reposition across wide-range of market which includes hospitality, education, healthcare, manufacturing, state and local government markets and also into added new verticals such as retail, transportation and logistics, and broader hospitality, creating additional opportunities for growth.
The Californian hailed Networking Company asserts to continue its invest in the newly acquired technology which will bolster the company’s software-driven solutions portfolio which includes ExtremeWireless, ExtremeManagement, ExtremeControl, ExtremeAnalytics, ExtremeSwitching and ExtremeCloud.
Citing on the development, Ed Meyercord, President and CEO of Extreme Networks said, “Combining Zebra’s WLAN technologies and marquee retail, transportation and logistics, and hospitality customers with Extreme Networks’ wired and wireless capabilities, recognized as visionary in the Gartner Magic Quadrant, creates the industry’s number three WLAN enterprise campus powerhouse. WLAN is the fastest growing segment in the networking industry. Our heritage of delivering innovative and pioneering technology is reinforced with today’s announcement, underscoring our commitment to providing customers worldwide with unified visibility and control across their wired and wireless networks.”
“The WLAN business is an ideal fit with Extreme Networks as a pure play networking company, and we are proud of our WLAN employees for the contributions they have made to Zebra and will make in the future,” said Anders Gustafsson, CEO of Zebra Technologies. “This transaction enables us to increase our focus on delivering the best Enterprise Asset Intelligence solutions, in collaboration with our partners that give our customers real-time visibility into their operations so they can make smarter decisions. We continually evaluate our business to ensure we are focusing on the areas which generate the strongest growth and highest return profiles, and today’s announcement exemplifies that commitment to our shareholders.”
Extreme will acquire customers, personnel and technology assets from Zebra and will cater the complete portfolio to Zebra WLAN customers.