Extreme Networks

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Extreme Networks
Type Public
Traded as NASDAQEXTR
Industry Telecommunications hardware
Founded 1996
Founders Gordon Stitt, Herb Schneider and Stephen Haddock[1]
Headquarters 145 Rio Robles
San Jose, California
, U.S
Key people

Charles (Chuck) Berger, CEO

Gordon Stitt, co-founder and chairman
Products Switches, Network Management, Security, Wireless
Revenue US$ 299.3 million (2013)[2]
Operating income US$ 10.9 million (2013)[2]
Net income US$ 9.7 million (2013)[2]
Employees 1,700 (February 2014)[3]
Website www.extremenetworks.com

Extreme Networks is a networking company based in San Jose, California that was founded in 1996. It designs, builds, and installs Ethernet computer network products for enterprise and carrier grade (metro) networks using the speed and scale of 10-gigabit Ethernet, 40-gigabit Ethernet and 100-gigabit Ethernet.

History[edit]

Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider and Stephen Haddock in 1996 in California, USA, with its first offices located in Cupertino, which later moved to Santa Clara, and then moved again to San Jose.[1] Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers.[4]

Gordon Stitt was a co-founder and served as chief executive officer until August 2006, when he retired and became chairman of the board of directors. In October 1996 Extreme Networks acquired Mammoth Technology. In September 1997 Extreme Networks aided in providing the first multi-vendor Gigabit Ethernet backbone at the Networld+Interop trade show. The company's first product was the Summit1 Gigabit Ethernet switch, a 6 Port Ethernet Layer 3 switching device featuring dual gigabit interface converter (GBIC) 1000BASE-SX interfaces. This product shipped in 1997 and won the "Best of Show" award at Networld+Interop. The Summit1 was also named the "Best of the Best Grand Winner" for the event. Extreme Networks won Best of Show awards at Networld+Interop five consecutive years, 1997 through 2001 with its Summit PX1 application switch, a Layer 4-7 device.

Extreme Networks introduced its first modular switching products, including the BlackDiamond 6800 and Alpine 3800 switches, in 1999. The initial public offering in April 1999, was listed on the NASDAQ stock exchange as ticker "EXTR."[4] Extreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Extreme had been investors in both companies, which were purchased for about $73 million and $74 million respectively.[5] Extreme Networks announced its first 10-gigabit Ethernet product in 2002, available with its BlackDiamond 6800 switch.

Extreme's BlackDiamond 10808 switch was named technology product of the year by InfoWorld in January 2004. Extreme Networks announced wireless LAN products marketed for "converged data and voice" in June 2005. Mark Canepa became chief executive in August 2006. In September 2008 Extreme Networks announced its BlackDiamond 20808 Ethernet switch.[6] In February 2009 Extreme announced its Summit X650 data center switch using the term "top-of-rack".[7] In March 2009, Extreme announced a ReachNXT enterprise port extender product.[8]

Extreme Networks first used VxWorks as its operating system (OS) for its switching products, calling its software ExtremeWare.[9][10] The ExtremeXOS software OS began in 2003 with its BlackDiamond 10808 switch, featuring a Linux abstraction layer. ExtremeXOS was later expanded with its Summit line of fixed switches and the BlackDiamond 8800 family of modular products.

Extreme Networks' high capacity switch is the BlackDiamond X8, supporting 2.56 Terabits per line card, for data center and enterprise networks.

In April 2013, Charles W. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO.[11] On September 12, 2013, Extreme Networks announced they would acquire Enterasys Networks for about $180 million cash.[12]

Corporate affairs[edit]

Board of directors[edit]

See also[edit]

References[edit]

  1. ^ a b "Extreme Networks". computerworld.com.au. 
  2. ^ a b c "Extreme Networks Financial Statements". MSN Money. 
  3. ^ "Extreme Networks - Extremely Good Enterasys Deal?". Retrieved April 1, 2014. 
  4. ^ a b Extreme Networks (April 9, 1999). "Prospectus". US Securities and Exchange Commission. Retrieved August 21, 2003. 
  5. ^ Extreme Networks (November 13, 2001). "Quarterly report". Form 10Q. US Securities and Exchange Commission. Retrieved August 21, 2003. 
  6. ^ "Extreme Networks' BlackDiamond 20808 Raises the Bar for Metro Ethernet Transport". Press release. September 22, 2008. Retrieved August 21, 2003. 
  7. ^ "Extreme Networks Is First to Deliver Cost-Effective 10 Gigabit Copper Network Solutions for the Data Center". Press release. March 2, 2009. Retrieved August 21, 2003. 
  8. ^ "Extreme Networks Delivers Simplicity and Control for the LAN's Outer Edge". Press release. March 23, 2009. Retrieved August 21, 2003. 
  9. ^ "Extreme CLI". Linux Network Tips blog. June 17, 2010. Retrieved August 21, 2003. 
  10. ^ "ExtremeWare® Network Operating System". Web page. Archived from the original on November 22, 2010. 
  11. ^ Jim Duffy (April 25, 2013). "Extreme Networks replaces its CEO again". Network World. Retrieved December 6, 2013. 
  12. ^ "Extreme Networks Announces Agreement to Acquire Enterasys Networks". Press release. September 12, 2013. Retrieved December 6, 2013. 
  13. ^ a b c d e f g h "Extreme Networks Board of Directors". Web page. Retrieved February 25, 2014. 

External links[edit]