Menu
Extreme Networks targets SD-WAN services with Ipanema buy

Extreme Networks targets SD-WAN services with Ipanema buy

Extreme Networks says it will acquire Ipanema’s SD-WAN business for about US$73M.

Ed Meyercord (Extreme Networks)

Ed Meyercord (Extreme Networks)

Credit: Extreme Networks

With an eye toward reinforcing its cloud management business, Extreme Networks will acquire Ipanema’s SD-WAN business for about US$73 million in cash.

Ipanema and its SD-WAN business has been owned by France-based network orchestration firm Infovista since 2015 and has approximately 400 customers, mostly in Europe. Its cloud-managed SD-WAN platform is designed to deliver different workloads and applications securely across conventional wide-area networks and multicloud service providers, according to the company.

Ipanema’s technology automatically adjusts application traffic flows based on real-time network conditions, which increases performance and improves quality of experience for end-users and delivers savings for the business, Extreme CEO Ed Meyercord said in a statement.

“We plan to expand upon these capabilities to establish an infinitely distributed SD-WAN and secure solution within the ExtremeCloud portfolio,” Meyercord stated. 

ExtremeCloud IQ (XIQ) is the company’s core cloud-based wireless and wired network-management offering. XIQ offers a variety of wired and wireless management, analytics, location tracking, security and Internet of Things (IoT) support. It supports a variety of cloud providers including AWS, GCP, and Azure.

Extreme has a history of buying technologies to further its product family. Since 2016 it has acquired Zebra, Brocade, Avaya, and Aerohive to help it build a wired and wireless network- and cloud-management family under the XIQ umbrella.

The company continues to grow financially and hit a record US$1.009 billion in annual revenue for FY2021, which ended June 30. “The $1 billion mark has been a long-term goal of ours, and it’s a key milestone that represents the significant growth and positioning of the company,” Meyercord told Network World in a recent interview

The Ipanema acquisition is expected to close in October 2021.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags extreme networksIpanemaSD-WAN

Featured

Slideshows

Show Comments