Avaya sells networking business to Extreme

avaya logoAvaya is flogging its networking business to Extreme Networks for $100 million.

While Extreme said that it was interested in the deal in March it took a while for the deal to go through because Avaya was asking around to see if it could get more dosh. The deal will close on 1 July.

Avaya is selling off the family silver to help it restructure debts, and wants to focus on unified communications instead.

Extreme wants to take on Cisco and HPE and has also acquired Brocade’s data centre networking so it can cover the data centre core, LAN, campus networks, WANs and security.

Extreme thinks the deal will yield annual revenues which are more than $200 million.