Extreme Networks has completed its acquisition of Avaya Inc.'s networking business. The acquisition supports the company's growth strategy to lead the enterprise networking market with end-to-end software-driven solutions for enterprise customers from the data center to the wireless edge.
Extreme continues to anticipate that 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 USD 200 million in annualized revenue from the acquired networking assets from Avaya.
As part of this transaction, Extreme acquired customers, personnel, and technology assets from Avaya. The acquisition strengthens Extreme's position as a leader across the education, healthcare, and government markets with the addition of Avaya's award-winning fabric technology for highly secure, simplified access, management, and control. The acquisition also strengthens Extreme's switching portfolio, including a new family of high-performance modular switches, software tools, and Internet of Thing (IoT) technology.