SAN JOSE, Calif., Oct. 31, 2016 /Combines Services/ — Extreme Networks, Inc. (NASDAQ: EXTR) announced today that it has completed its acquisition of Zebra Technology Corporation’s (NASDAQ: ZBRA) wireless LAN (WLAN) business. 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. “The addition of the WLAN assets increases our total addressable market to $9.4 billion in one of the fastest growing segments of the networking industry and expands our bench with talented key management, experienced wireless industry experts and partners, and a strong base of blue-chip customers.”
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. With the addition of industry thought leaders, WiNG Wi-Fi technology, leading wireless security software, a next generation guest platform, a new managed services capability, and a strong customer base, Extreme extends into new verticals such as retail, transportation and logistics, and broader hospitality, creating additional opportunities for growth.
“Zebra Technologies’ wireless LAN business is a strategic fit for Extreme Networks that strengthens Extreme’s position in the enterprise campus market,” said Nolan Greene, senior research analyst, IDC. “The acquired technology complements Extreme’s existing portfolio of software-driven networking solutions and provides new opportunities for its entire ecosystem of partners, distributors, customers and employees. The enterprise WLAN market is one of the fastest growing networking segments globally and Extreme is solidifying its role as a major player in the marketplace through this deal.”
“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,” said Ed Meyercord, President and CEO of Extreme Networks. “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
This acquisition will strengthen and expand Extreme Networks’ end-to-end, wired and wireless software-driven networking solutions and complements its vertical market focus. According to a leading industry analyst firm, the combined WLAN business will be the third largest provider in its combined target markets and fourth largest by market share. Extreme will acquire customers, personnel and technology assets from Zebra.
Zebra WLAN customers will benefit from Extreme Networks’ entire portfolio. The acquisition positions Extreme Networks as a leader across the hospitality, education, healthcare, manufacturing and state and local government markets and extends the company into new verticals such as retail, transportation and logistics, and broader hospitality, creating additional opportunities for growth. All WLAN customers in each vertical market served, regardless of the solutions they own, will have access to Extreme Networks’ award winning ExtremeWorks™ services offerings. Extreme Networks’ best of breed mobility solutions will be offered to all registered resellers under the Extreme Partner Network program.
As previously announced, 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.
About Extreme Networks
Extreme Networks, Inc. (EXTR) delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Wired to wireless, desktop to data center, on premise or through the cloud, Extreme Networks go to extreme measures for our 20,000-plus customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world’s leading names in business, education, government, healthcare, manufacturing, retail, transportation, logistics and hospitality. Founded in 1996, Extreme is headquartered in San Jose, California.
With the unparalleled visibility Zebra (NASDAQ: ZBRA) provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – give organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.