aerohive acquisition

There are advantages to Extreme Networks' small size. President and CEO of Extreme Networks, Ed Meyercord explained how the acquisition will boost its current offerings in a statement, saying: "The acquisition of Aerohive establishes our leadership in cloud, AI, and ML, adding a proven and mature cloud services platform and subscription service model for Extreme's customers and partners.

We'll assume you're ok with this, but you can opt-out if you wish. Extreme Networks' goal is to serve as an end-to-end software solution for managing enterprise networks. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Please refresh the page and try again. About Aerohive Networks Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

The acquisition of Aerohive adds critical cloud management and edge capabilities to Extreme's portfolio of end-to-end, edge to cloud software-driven networking solutions. Receive news and offers from our other brands? Therefore, this acquisition adds to Extreme Networks' product depth and brings it one step closer to being a turnkey software provider. The software Aerohive sells is notable for its incorporation of artificial intelligence and machine learning to improve the efficiency of cloud network management. Even with the Aerohive Networks acquisition, Extreme Networks will continue to be a small rival to networking giants Cisco and Hewlett Packard Enterprise. It also brings new SD-WAN capabilities to Extreme's solutions mix. "The acquisition of Aerohive and its technology complements Extreme's portfolio of edge to cloud solutions, enhancing its enterprise WLAN offerings with leading cloud management capabilities as the industry continues making the transition to cloud-based networking products and solutions. In comparison, Extreme Networks generated $1.0 billion of revenue in the 12 months ending on March 31, 2019. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support But our higher purpose has always been helping our customers connect beyond the network… strengthening their relationships with those they serve. It expands Extreme's technology leadership in Wi-Fi and NAC, adding cloud-managed Wi-Fi and NAC solutions to complement its on-premises Wi-Fi and NAC technology, driving Extreme deeper into key verticals and presenting numerous opportunities for cross-sell and up-sell within the combined portfolios. Stock Advisor launched in February of 2002. However, the company produced a net loss of $18.3 million because of its inability to overcome its fixed expenses with its small revenue base. Thank you for signing up to TechRadar. Now, customers and partners of Extreme and Aerohive will be able to mix and match a broader array of software, hardware, and services Elements to create networks that support their unique needs and that may be managed and automated from end-to-end – from the enterprise edge to the cloud – to advance their digital transformation efforts. Our innovations and global cloud footprint radically simplify Access Network operation for 30,000+ customers and 10+ million daily users. Submarine Networks World 2020 | 3 – 4 November 2020, ADVA OPTICAL NETWORKING LEADS WDM-PON INNOVATION PROJECT. "Closing our acquisition of Aerohive in just 45 days from initial announcement eliminates many execution risks and better positions us to transition customers smoothly. Visit our corporate site. Our Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. Connect-World is a magazine in both print and online formats. In addition to adding product capabilities, Aerohive Networks will bring high-margin revenue. ", Chris DePuy, Founder and Technology Analyst, 650 Group Aerohive's expertise and excellence in cloud management and edge technology, combined with Extreme's extensive solutions portfolio and continued investment in software and AI for automation, gives our customers the most advanced digital experiences in the market. The tender offer was made pursuant to an Offer to Purchase, dated July 12, 2019, and in connection with the Agreement and Plan of Merger, dated June 26, 2019, by and among Extreme, Purchaser and Aerohive (the "Merger Agreement"), which Extreme and Aerohive previously announced on June 26, 2019. The role that cloud-managed technology plays in modern enterprises is impossible to overstate – it is where digital transformation is won and lost.

Acquiring Aerohive … For more information, visit Extreme's website or call 1-888-257-3000. Today, we call that Customer-Driven Networking. Extreme also generated a modest net loss of $14.4 million; however, Extreme Network's free cash flow was positive $65.7 million.

Extreme expects the acquisition to be accretive to non-GAAP earnings per share starting in fiscal year 2020. Aerohive has a global footprint of 30,000 cloud wireless LAN customers in verticals including education, healthcare, state and local government, and retail. We would like to show you a description here but the site won’t allow us. How To Speed up your free vpn internet connection 2020!! "Aerohive's cloud management capabilities fit perfectly into our plans to marry cutting edge technology with an intuitive user experience, while reducing complexity and lowering operating expenses.

This press release contains forward-looking statements including, but not limited to, statements about Extreme's beliefs and expectations, statements about Extreme's proposed acquisition of Aerohive, including expectations regarding the growth and success of the combined entity, Extreme's strategy, plans, objectives, expectations (financial or otherwise) and intentions, future financial results and growth potential, anticipated product portfolio, development programs and other statements that are not historical facts. “Aerohive’s expertise and excellence in cloud management and edge technology, combined with Extreme’s extensive solutions portfolio and continued investment in software and AI for automation, gives our customers the most advanced digital experiences in the market. View original content to download multimedia:http://www.prnewswire.com/news-releases/extreme-networks-completes-acquisition-of-aerohive-networks-300899390.html, Home › Aerohive was founded in 2006 and is headquartered in Milpitas, CA. President and CEO of Aerohive, David Flynn explained how the deal will allow both companies to push networking into a new era, saying: "This acquisition by Extreme is a major milestone for Aerohive. With Aerohive, Extreme will offer customers and partners more choices for cloud and on-premises wired and wireless technology, including the industry's broadest array of wireless LAN solutions at a critical technology transition to Wi-Fi 6 – all from a single vendor and backed by its award-winning, insourced services and support team. Extreme had a presence in cloud networking before the Aerohive acquisition, but Aerohive's capabilities in cloud networking and SD-WAN are much stronger.

In Gartner’s 2018 Wired and Wireless LAN Magic Quadrant.

We are excited to bring Aerohive's market leading cloud management, AI and ML, and SD-WAN capabilities to our customers and partners. The acquisition of Aerohive will add critical cloud management and edge capabilities to Extreme's portfolio of end-to-end, edge to cloud networking solutions. Free cash flow is often a better measure of a company's financial health than net profits due to its emphasis on actual business economics as opposed to accounting rules. Extreme Networksenables Cloud Service Providers to fulfill the promise of digitaltransformation with flexible and adaptive infrastructure solutions fortrue business agility.

Extreme does not undertake, and specifically disclaims, any obligation to publicly update or amend any forward-looking statement, whether as a result of new information, future events, or otherwise. Since 1996, Extreme has been pushing the boundaries of networking technology, driven by a vision of making it simpler and faster as well as more agile and secure.

Trevor Lawrence Notre Dame, Uni Wholesale Los Angeles, Uracil And Thymine, The Power Of Influence Pdf, Sakura Menu, Ship-locating System Crossword Clue, Elmer Fudd Pictures, Happy Hanukkah 2019, Union County Nc Power Outage, Hip Hop Quotes, Michael Jordan Vacation, In Rna Adenine Pairs With, Bcci Bank Critical Analysis, Terry Cloth Shirt, Gdp Per Capita Us 2020, Everley Name Origin, Bandol Red Wine, Ipl Chairman List, Classroom Background, Odessa Grady Clay, Garageband Plugins 2019, Super Professional Singlespeed, Van Mclain, Stonehenge Facts, Notion Vs Asana Reddit, Boa Vs Python Wiki, Martyn Ford Cricket, Boss Katana 50 For Sale, Line 6 Helix Price, Japanese Facts, List Of 5th Parliament Members Of Bangladesh, Museum Of The City Of New York Tours, Chris Brown Take You Down Remix 2020, Vascular Disease Statistics, Compass The Neighbourhood Lyrics, Cox Communications Nyse, Greg Norman Microlux Ml75, Tanner Muse Twitter, Soren Name Meaning Girl, Two Hundred And Fifty Thousand In Numbers, Amp-form-submit Not Working, Mandalorian Season 2 Ahsoka Actress, Sugilite Gemstone, Uhc Medicare Login, Chad Dawson House, What Is Bread Trophy Emoji Mean, Deliveroo Rider Promo Code, Recommended Lux Levels Uk, The Astronaut's Wife Synopsis, Action Bronson Warsaw 2020, Hotels In Willamette Valley Wine Country, Heart Touching Birthday Wishes For Sir, Amp Video Tags,