Extreme grabs Avaya’s networking business for $100M
Extreme Networks continued to expand its enterprise networking portfolio today buying up the network technology of Avaya Holdings– which is in Chapter 11 bankruptcy — for $100 million.
Extreme’s Ed Meyercord, President and CEO said he expects the deal will broaden the company’s software and strengthen its presence in vertical markets such as healthcare and manufacturing.
Norman Rice, an executive vice president with Extreme added that some of Avaya’s strengths included its networking fabric and Network Micro-Segmentation technology that helps customers secure enterprise components.
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