Extreme Networks says it will acquire Ipanema’s SD-WAN business for about $73M. With an eye toward reinforcing its cloud management business, Extreme Networks said it will acquire Ipanema’s SD-WAN business for about $73 million in cash. Ipanema and its SD-WAN business has been owned by France-based network orchestration firm Infovista since 2015 and has approximately 400 customers, mostly in Europe. Its cloud-managed SD-WAN platform is designed to deliver different workloads and applications securely across conventional wide-area networks and multicloud service providers, according to the company. Ipanema’s technology automatically adjusts application traffic flows based on real-time network conditions, which increases performance and improves quality of experience for end-users and delivers savings for the business, Extreme CEO Ed Meyercord said in a statement. “We plan to expand upon these capabilities to establish an infinitely distributed SD-WAN and secure solution within the ExtremeCloud portfolio,” Meyercord stated. ExtremeCloud IQ (XIQ) is the company’s core cloud-based wireless and wired network-management offering. XIQ offers a variety of wired and wireless management, analytics, location tracking, security and IoT support. It supports a variety of cloud providers including AWS, GCP, and Azure. Extreme has a history of buying technologies to further its product family. Since 2016 it has acquired Zebra, Brocade, Avaya, and Aerohive to help it build a wired and wireless network- and cloud-management family under the XIQ umbrella. The company continues to grow financially and hit a record $1.009 billion in annual revenue for FY2021, which ended June 30. “The $1 billion mark has been a long-term goal of ours, and it’s a key milestone that represents the significant growth and positioning of the company,” Meyercord told Network World in a recent interview. The Ipanema acquisition is expected to close in October 2021. Related content analysis What is a virtual machine, and why are they so useful? Many of today’s IT innovations have their roots in virtual machines (VM) and their ability to separate software from hardware. By Keith Shaw May 03, 2024 9 mins Virtualization Data Center Networking analysis What is DNS and how does it work? The Domain Name System resolves the names of internet sites with their underlying IP addresses, adding efficiency and security in the process. By Josh Fruhlinger and Keith Shaw May 03, 2024 11 mins Internet Networking news Appeal court overturns $1.6bn mainframe software ‘poaching’ ruling against IBM AT&T ‘independently decided” to replace BMC software, the appeals court found. By John Leyden May 03, 2024 1 min Mainframes news Cisco, Red Hat extend networking, AI integrations Cisco and Red Hat will demo new network product integrations and introduce AI validated designs at the upcoming Red Hat Summit 2024. By Michael Cooney May 03, 2024 4 mins Network Virtualization Cloud Computing Networking PODCASTS VIDEOS RESOURCES EVENTS NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe