Extreme Networks, provider of software-driven networking solutions for IT departments, has acquired Zebra Technology Corporation’s wireless LAN (WLAN) business. The acquisition will help expand Extreme Networks’ solutions and complement its vertical market focus.
Through the acquisition, Extreme will gain access to Zebra’s customers, personnel and technology assets. This will allow Extreme to extend to new verticals such as retail, transportation and hospitality.
Extreme expects to generate more than $115 million in annual revenue from the acquired WLAN assets.
“This acquisition creates numerous growth opportunities for expanded solutions and services offerings for our customers,” said Ed Meyercord, President and CEO of Extreme Networks in a statement. “The addition of the WLAN assets increases our total addressable market to $9.4 billion in one of the fastest-growing segments of the networking industry, and expands our bench with talented key management, experienced wireless industry experts and partners, and a strong base of blue-chip customers.”