Extreme Networks said on Thursday that it's acquiring Enterasys Networks. The deal, in which Extreme is acquiring all outstanding shares of Enterasys for $180 million in cash, appears to be intended to extend both companies’ viability in a market dominated by Cisco and Hewlett-Packard.
“The combination brings together two leaders and long-time players in the Ethernet networking space,” Extreme CEO Chuck Berger said during a conference call with analysts and media. “We will be the largest company focused on Ethernet switching.”
Meanwhile, Chris Crowell, CEO of Enterasys, was more direct: “Scale matters in this business.”
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