Extreme Networks Avaya acquisition expected to close July 14

Extreme Networks, Inc. (NASDAQ: EXTR) has met all the conditions to close its acquisition of the Avaya Networking business is scheduled for Friday, July 14, 2017, the company said.

Extreme continues to anticipate the transaction will be accretive to cash flow and earnings for its fiscal year 2018, which began on July 1, and expects to generate over USD 200 million in annualized revenue from the acquired networking assets from Avaya.

Extreme Networks delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Founded in 1996, Extreme is headquartered in San Jose, California. For more information, visit Extreme´s website or call 1-888-257-3000.