Aerohive Networks

Aerohive Networks — the American equipment manufacturer and the software for networks. The company uses possibilities of cloud management, machine learning and artificial intelligence for simple and secure access to networks.

One of the most known products Aerohive Networks is the solution for design of wireless networks of Wi-fi Planner. Characteristics of the office space in which it is going to develop Wi-Fi then information on where to place access points is output are entered into the program to provide their maximum efficiency.

History

2019: Extreme Networks purchased Aerohive Networks for $272 million

At the end of June, 2019 it was announced sale of Aerohive Networks of Extreme Networks company for $272 million. Thanks to this transaction the buyer will be able to strengthen a product portfolio for wireless local area networks (WLAN), cloud management of networks and peripheral calculations and also to fuel revenue growth from subscriptions, the press release says.

If not to consider $62 million money which are located by Aerohive at the time of the message about sale to the company its market value in the transaction is estimated at $210 million Extreme Networks will pay money (without attraction of the actions) $4.45 for each stock Aerohive. Extreme Networks hopes that this acquisition will begin to increase the profit of the company from 2020 financial year.

Extreme Networks purchased the developer of a "smart" cloud which simplifies and protects access to network

By June 26, 2019 Aerohive has 30 thousand clients using technologies of the company for cloud management of wireless networks worldwide. Most of customers represent such areas as education, health care, retail, the state and governmental bodies.

Purchase of Aerohive will strengthen Extreme Networks positions in the market of SD-WAN technologies which volume is estimated at $1 billion According to forecasts of analysts of IDC, this market will grow for 19% annually during the period from 2019 to 2022.^[1]

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