Extreme Networks has agreed terms to acquire Aerohive Networks for an aggregate purchase price of $272 million.
Aerohive Networks is a leader in cloud management, AI and machine learning. It was among the first companies to offer controller-less Wi-Fi and cloud network management.
Aerohive has 30,000+ customers and 10+ million daily users.
This acquisition will bring new automation and intelligence capabilities to Extreme’s Elements portfolio. It will expand Extreme’s technology leadership in Wi-Fi and NAC, adding cloud-managed Wi-Fi and NAC solutions to complement its on-premises Wi-Fi and NAC technology, driving Extreme deeper into key verticals and presenting numerous opportunities for cross-sell and up-sell within the combined portfolios.
“The acquisition of Aerohive establishes our leadership in cloud, AI, and ML, adding a proven and mature cloud services platform and subscription service model for Extreme’s customers and partners, said Ed Meyercord, President and CEO, Extreme Networks.
“This acquisition by Extreme is a major milestone for Aerohive. …Together we will push networking into a new era – making infrastructure smarter, more autonomous, and the driver of business value,” said David Flynn, President and CEO of Aerohive.