EagleTribune.com, North Andover, MA

September 13, 2013

Enterasys sells for $180M

The Eagle-Tribune

---- — SALEM — Less than a year after moving nearly 500 employees to Northeastern Boulevard, Enterasys is being acquired by a California company.

Enterasys and Extreme Networks announced yesterday the two computer networking firms have entered an $180 million merger agreement.

The deal is expected to be finalized soon, and there are no plans to close the Salem facility or relocate or reduce employees, Extreme Networks President and CEO Chuck Berger said.

Enterasys, a spinoff of a company founded by former Gov. Craig Benson, moved to Salem in January from Andover because the growing firm needed room to expand and preferred New Hampshire’s favorable tax climate, according to CEO Chris Crowell.

The purchase by Extreme Networks, based in San Jose, is expected to boost combined revenues to more than $600 a year and service to at least 10,000 customers.

Enterasys has 900 employees worldwide and facilities in Canada and Ireland.

In January, Enterasys moved all its electronics and laboratories from its former 150,000-square-foot site on Minuteman Road in Andover to the new 190,000-square-foot headquarters at 9 Northeastern Blvd.

— Doug Ireland