7. Extreme Scoops Up Enterasys
In a bid to gain ground on networking bigwigs HP and Cisco, Extreme Networks and Enterasys -- two longtime industry rivals -- officially joined forces this year.
Extreme in September scooped up Enterasys for $180 million in a deal that effectively doubles both companies in size and significantly strengthens the R&D muscle of each. Extreme told CRN that, while the deal was technically spun as an acquisition, both companies are "treating this like a merger of equals, and taking the best of both worlds."
According to industry analyst ZK Research, the deal catapulted Extreme to the fourth largest vendor in the worldwide Ethernet switching market in terms of revenue, trailing only Cisco, HP and Huawei. Given the minimal overlap between the two companies' portfolios, both Enterasys and Extreme said the merger was nothing but good news for the channel. Partners agreed, noting that the mix of Enterasys' wireless and networking monitoring solutions with Extreme's data center switching lineup seemed like a recipe for success.