M&A Deal Summary

Extreme Networks Acquires Aerohive Networks

On June 26, 2019, Extreme Networks acquired technology hardware company Aerohive Networks for 272M USD

Acquisition Highlights
  • This is Extreme Networks’ 4th transaction in the Technology Hardware sector.
  • This is Extreme Networks’ largest (disclosed) transaction.
  • This is Extreme Networks’ 8th transaction in the United States.
  • This is Extreme Networks’ 5th transaction in California.

M&A Deal Summary
Date 2019-06-26
Target Aerohive Networks
Sector Technology Hardware
Buyer(s) Extreme Networks
Deal Type Add-on Acquisition
Deal Value 272M USD
Advisor(s) Evercore Group
Professional Bank Services (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Aerohive Networks

Milpitas, California, United States
Aerohive Networks, Inc. is a manufacturer of cooperative control wireless LAN products. Aerohive Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. Credited with pioneering Controller-less Wi-Fi and Cloud Management, Aerohive delivers continuous innovation at Cloud-speed that constantly challenges the industry norm, allowing customers to rethink what's possible. Aerohive Networks, Inc. was formed in 2006 and is headquartered in Milpitas, California.

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Buyer(S) 1

Buyer

Extreme Networks

Morrisville, North Carolina, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees2,849
Revenue 1.3B USD (2023)
DESCRIPTION
Extreme Networks' corporate headquarters in San Jose, California.
Extreme Networks' corporate headquarters in San Jose, California.

Extreme Networks is a provider of network infrastructure equipment and services for enterprises and data centers. The Company delivers software-driven networking solutions that help IT departments deliver stronger connections with customers, partners and employees. Extreme Networks was founded in 1996 and is based in Morrisville, North Carolina.

DEAL STATS #
Overall 8 of 9
Sector (Technology Hardware) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (California) 5 of 5
Country (United States) 8 of 8
Year (2019) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Broadcom - Data Center Networking Business

Irvine, California, United States

Broadcom's Data Center Networking Business is a provider of end-to-end enterprise networking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Ipanema

Cedex, France

Ipanema's solution automatically and dynamically adjusts application traffic flow based on real-time network conditions, providing increased performance and improved quality of experience, even under diverse conditions across various types of cloud-managed WAN connectivity.

Buy €60M
Mergr

Product

Company

Legal