Extreme Networks has completed its acquisition of Avaya’s networking business, taking on new customers, personnel and technology assets from Avaya in the process.
Avaya revealed in March that it had entered into an asset purchase agreement with the US-based Extreme Networks to sell its networking business after filing for Chapter 11 Bankruptcy in the US in January.
As part of the agreement, Extreme Networks served as the primary bidder in a section 363 sale under the US Bankruptcy Code to acquire Avaya’s Networking business for a transaction value of approximately US$100 million.
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