Extreme Networks Completes Acquisition of Infovista's Ipanema SD-WAN Business Ahead of Plan
SAN JOSE, Calif., Sept. 15, 2021 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced it has completed the acquisition of Ipanema, the cloud-native, enterprise SD-WAN division of Infovista. The acquisition expands Extreme's market-leading ExtremeCloud™ portfolio, offering new cloud-managed SD-WAN and security software solutions required to power the Infinite Enterprise.
Extreme will augment its ExtremeCloud portfolio with Ipanema's SD-WAN capabilities, adding more flexibility, capability, and security when connecting locations, applications, and devices. This extends Extreme's leadership position in cloud and accelerates the company's goal of bringing distributed connectivity, security, and cloud capabilities to customers.
The acquisition establishes a second technology center of excellence for Extreme in Europe and deepens the company's customer presence in that region. Ipanema has more than 400 customers and its solutions are deployed across more than 100,000 sites. Extreme plans to leverage Ipanema's existing relationships with leading MSPs and XSPs as part of its go-to-market strategy across EMEA.
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" including, without limitation, statements concerning plans, expectations, underlying assumptions and timing relating to Extreme's planned acquisition of Ipanema, and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like "expect," "estimate," "will," "may," or expressions of similar meaning. Forward-looking statements reflect management's evaluation of information currently available and are based on the Extreme's current expectations and assumptions about its planned acquisition of Ipanema. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, costs related to the proposed acquisition of Ipanema; the ability of the post-acquisition company to meet its financial and strategic goals; Extreme's ability to successfully integrate the acquired businesses; the ongoing impact of the COVID-19 pandemic and those factors discussed in the Company's Annual Report on Form 10-K for the year ended June 30, 2021, and other documents of the Company on file with the SEC (available at www.sec.gov). The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
1 650 Group Worldwide Revenue Share (%) - 650 Group Cloud-Managed Network Services Report, June 2021
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SOURCE Extreme Networks, Inc.
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