Channelnomics Original

Extreme Scoops Up Aerohive

June 27, 2019

Deal focused on SD-WAN, cloud services, Wi-Fi 6 offerings

Extreme Networks this week said it had agreed to acquire wireless networking specialist Aerohive in a bid to add cloud management and edge capabilities to its portfolio of networking solutions. The cash deal is worth $210 million, with an aggregate purchase price of $272 million offset by Aerohive’s first-quarter cash balance of $62 million, officials said.