Extreme Networks, a software-driven networking company, and Aerohive Networks, a cloud-managed network, today announced they have entered into an agreement under which Extreme will acquire all of the outstanding shares of common stock of Aerohive for approximately £214m.
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.
It will provide a strong subscription revenue stream and strengthen Extreme’s position in wireless LAN at a critical technology transition to Wi-Fi 6.
Aerohive has a global footprint of 30,000 cloud wireless LAN customers in verticals including education, healthcare, state and local government, and retail.
This acquisition will bring new automation and intelligence capabilities to Extreme’s Elements portfolio.