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Posts Tagged ‘acquisition’

This morning, Extreme Networks announced it has entered into an agreement to acquire Enterasys Networks for $180 million in cash. Extreme is funding the purchase by pulling $105 million from its $205 million of cash on hand and then borrowing $75 million from a new credit line established. Extreme will buy Enterasys from the Gore Group, which acquired the company back in 2006 for $386 million. Around the same time, Gore had acquired Siemens Enterprise with the idea of creating an organization that could deliver an “end-to-end” UC-data solution.

The concept was sound, but in practicality, the UC solutions from Siemens Enterprise are widely deployed on Cisco networks. Considering the challenges Siemens Enterprise has encountered while rebuilding its portfolio over the past five years or so, creating any kind of resistance in its customer base is the last thing the company needed. So, instead of pushing a combined Siemens Enterprise/Enterasys solution, the sales force gave customers what they wanted, which was Cisco most of the time.

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Amid much speculation that Polycom was on the selling block, with HP being the primary possible acquirer, Polycom made the following announcements this morning:

  • Polycom acquired the Visual Collaboration Unit from HP, which includes all of the Halo products and managed services
  • Polycom and HP inked an agreement where HP would use Polycom as it’s exclusive partner for Telepresence and video UC solutions
  • Polycom announced the creation of the “Open Visual Communications Consortium” with a number of service providers including AT&T, BT conferencing, Global Crossing, Orange Business Services, Telefonica, Verizon and other service providers to drive B2B and B2C adoption of video
  • Polycom and Microsoft announced an expanded partnership that includes two products but at the time of press release did not announce any details on these products

These announcements are an interesting twist in growing saga that is corporate video conferencing.  About a year ago, Cisco closed on the acquisition of Tandberg creating a tremendous amount of speculation that Polycom would be acquired as well.  The logic being that, in an environment where video is becoming a core component of UC, it would be difficult for a video pure play to exist.  Names like Silver Lake (Avaya), Gore Group (Siemens) and Dell were tossed around as possible acquirers, but HP appeared to be the front-runner.  HP made some sense for a couple of reasons:  (1) It had its own niche video unit (Halo) and Polycom would bolster it; and (2) HP could use Polycom to close the product gap with Cisco, who HP appears obsessed with from a competitive standpoint.

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