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Avaya sells networking business to Extreme Networks
Publié: mars 10, 2017, 3:48pm CET par Sead Fadilpašić
Extreme Networks agreed to acquire Avaya’s networking business for roughly $100 million. Avaya, a company that went private in 2007, is struggling with bankruptcy. It filed to restructure under Chapter 11 bankruptcy protection in January. It also said it was looking for ways to monetize some of its assets. Extreme Networks said Avaya’s networking business is in line with its strategy for growth, and that it will help broaden its portfolio across different verticals. "Furthermore, we expect the Avaya business to generate over $200 million in annual revenue, increase our market share and offer new opportunities for our customers," says Extreme… [Continue Reading]