Extreme Networks announced on Tuesday that it has signed a $100 million asset purchase agreement to acquire the networking assets of the Avaya Networking business.
The $100 million deal between Avaya and Extreme Networks still has to be approved by the court overseeing Avaya's bankruptcy and go through other reviews. Additionally, another company can still bid a higher offer, in which case Extreme Networks can counteroffer or be paid a $3 million break-up fee and $750,000 expense reimbursement.
Kevin Kennedy, President and CEO of Avaya, commented, "The possibility of Avaya Networking being part of a pure-play networking company like Extreme Networks would allow greater opportunities for its products and services to thrive and the industry to continue to benefit from our award-winning wired, WLAN and Fabric technology." A clear and positive path for all Avaya Networking customers and partners will allow Avaya to focus on its core, industry-leading Unified Communications and Contact Center solutions.
Extreme Networks, based in San Jose, California, is only beginning to push the envelope into the enterprise market. "The acquisition of Avaya Networking will provide Extreme Networks with a broader set of networking technologies and capabilities that complement our existing product portfolio and enhance our position in the [enterprise] marketplace," Extreme Network's announcement stated.
Extreme Networks went on to mention the impact of this acquisition to both its own and Avaya's customers and partners:
What does this mean for Avaya customers and partners?
What does this mean for Extreme Network customers and partners?
Do you have questions, comments, or concerns about Extreme Networks acquisition of the Avaya Networking business? Speak with a representative by contacting us, call (888) 843-1683, or email firstname.lastname@example.org.
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