Press release
Extreme Networks Completes Acquisition of Infovista's Ipanema SD-WAN Business Ahead of Plan
Accelerates Delivery of New Software Services Within Industry Leading ExtremeCloud Portfolio SAN JOSE, Calif., Sept. 15, 2021 /PRNewswire/ -- Extreme
About this update from Extreme Networks, Inc.
[{"type":"text","content":"Accelerates Delivery of New Software Services Within Industry Leading ExtremeCloud Portfolio\n\n\nSAN 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. \n\n \n \n \n \n \n \n\n \nExtreme 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. \nThe 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. \nIndustry Analyst Data on Cloud Networking\nA recent report from 650 Group1 found that cloud-managed services is the fastest growing segment in networking, growing five percent quarter over quarter. The report found that Extreme Networks is currently outpacing the market with 26 percent growth, increasing its market share to 13 percent, overall. Executive Quotes \n\"The close of the Ipanema acquisition accelerates our leadership position and growth opportunities in cloud networking by opening the door to new software subscription services within our ExtremeCloud portfolio. Our customers and partners have expressed great excitement about our vision and how this deal will continue to provide a competitive advantage and clear market differentiation. Our M&A expertise and focus on execution allowed us to close ahead of schedule and we're thrilled to have so many talented Ipanema employees join Team Extreme.\" - Ed Meyercord, President and CEO, Extreme Networks\"The Ipanema acquisition provides us with a framework to build out SASE features and create a rich ...