Extreme Networks completes Ipanema acquisition for €60m
Summary
Kristian Thyregod (pictured), who was the president of global enterprise for Ipanema, is now SVP of strategy and market development for Extreme Networks. Together, we’ll work to further cement Extreme’s leadership position by extending the company’s addressable market and scaling global innovation – helping customers reduce the complexity and costs of managing increasingly distributed networks. "Our customers and partners have expressed great excitement about our vision and how this deal will continue to provide a competitive advantage and clear market differentiation. Our M&A expertise and focus on execution allowed us to close ahead of schedule and we’re thrilled to have so many talented Ipanema employees join Team Extreme,” Meyercord added. Extreme purchased Ipanema in an all-cash deal valued at €60 million from Infovista, who is currently owned by Private Equity firm Apax Partners.
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