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Extreme Networks, Inc. (EXTR) is a leading provider of software-driven networking solutions aimed at enhancing business operations by facilitating stronger connections among customers, partners, and employees. Founded in 1996 and headquartered in San Jose, California, Extreme Networks serves over 20,000 customers across more than 80 countries.
Extreme Networks offers a comprehensive range of products and services, including wired and wireless network infrastructure equipment and advanced software for network management, policy enforcement, analytics, and access controls. The company's solutions are designed to address the networking needs of various sectors, including business, education, government, healthcare, manufacturing, and hospitality.
Key offerings from Extreme Networks include high-density Wi-Fi solutions, centralized and cloud-based network management systems, and application analytics. These products are engineered to support both on-premise and cloud-based deployments, ensuring flexibility and scalability to meet diverse client requirements.
With a commitment to customer support, Extreme Networks provides 100% insourced call-in technical assistance, catering to organizations of all sizes. The company's customer base includes some of the world's leading enterprises, reinforcing its reputation for reliability and innovation in the networking industry.
Extreme Networks continues to drive growth and innovation through strategic partnerships and cutting-edge projects. The company's financial performance is bolstered by its significant presence in the Americas, which generates approximately half of its revenue, with the remainder coming from Europe, the Middle East, Africa, and the Asia-Pacific region. For more details, visit Extreme's website or call 1-888-257-3000.
Extreme Networks (Nasdaq: EXTR) has partnered with Stanford Athletics to enhance the fan experience at Stanford Stadium and Maples Pavilion through high-density Wi-Fi 6 networks. The installation includes Wi-Fi access points, enabling improved connectivity for fans. Using ExtremeAnalytics™, Stanford can monitor Wi-Fi usage and streamline gameday operations. The network supports mobile ticketing and will facilitate the rollout of new digital services for fans. Comcast Business is the systems integrator and managed services provider for this deployment.
Extreme Networks (Nasdaq: EXTR) announced the successful implementation of WBA OpenRoaming technology at the Polytechnic Institute of Viseu (IPV) in Portugal, enabling seamless and secure connections to a high-speed Wi-Fi 6 network for students and faculty. IPV is the first institution in Portugal to adopt OpenRoaming, which simplifies user connectivity, reduces IT workload, and enhances network security. This collaboration aims to improve educational resources, provide uninterrupted internet access, and support future programming without extensive manual user management.
Extreme Networks (Nasdaq: EXTR) has deployed a cloud-driven network for Colruyt Group, enhancing connectivity across its retail stores, warehouses, and offices in Western Europe. Colruyt, which operates over 600 stores, faced a network capacity issue, prompting the transition to Extreme's advanced networking solutions, including the ExtremeCloud IQ management platform. This upgrade will provide seamless connectivity, network insights, proactive troubleshooting, and comprehensive support, ultimately improving customer and employee experiences.
Extreme Networks (Nasdaq: EXTR) has extended its partnership with the NFL as the Official Wi-Fi Network Solutions Provider and Official Wi-Fi Analytics Provider through 2024. This extension includes new Wi-Fi 6 deployments in stadiums for teams like the Ravens, Packers, Patriots, and Seahawks, enhancing in-stadium experiences and analytics capabilities. Currently, Extreme's solutions support 24 NFL stadiums and will expand to five additional stadiums. The company emphasizes improved fan experiences, real-time analytics for operations, and greater network efficiency.
Extreme Networks has completed the acquisition of Ipanema, a cloud-native SD-WAN division of Infovista, for €60 million. This acquisition enhances Extreme's ExtremeCloud portfolio with new cloud-managed SD-WAN and security solutions, aiming to lead in cloud networking. Ipanema has over 400 customers and its services are deployed in over 100,000 sites. The move is expected to be neutral to non-GAAP EPS in FY22 and accretive in FY23, while establishing a technology center in Europe. Extreme reported a 26% growth in cloud-managed services, outperforming the market's 5% growth.
Extreme Networks (EXTR) has been selected as the official Wi-Fi solutions provider for the Olympiastadion Berlin in preparation for the 2024 UEFA European Football Championship. This partnership will see the deployment of a high-performance Wi-Fi 6 network, the largest public deployment of its kind in a European stadium, ensuring robust connectivity for over 74,000 spectators. The advanced network will enhance fan experiences and support critical operations. Extreme Networks continues to innovate in cloud-driven networking solutions, further solidifying its position in the sports and entertainment sectors.
Extreme Networks, Inc. (Nasdaq: EXTR) announced its intent to acquire Ipanematech SAS, the SD-WAN division of Infovista, for €60 million (approx. $73 million) in cash. This acquisition will enhance ExtremeCloud's portfolio, adding cloud-managed SD-WAN and security solutions vital for the evolving Infinite Enterprise. Ipanema's technology will enable superior application performance in diverse network conditions and deepen Extreme's European presence. The deal is projected to be neutral to Non-GAAP EPS in FY22 and accretive in FY23, expected to close in October 2021.
Extreme Networks (Nasdaq: EXTR) has announced its upcoming virtual investor conference schedule for August and September 2021. Key presentations will include Ed Meyercord, President & CEO, at the Oppenheimer 24th Annual Technology Conference on August 11, and Rémi Thomas, CFO, at the Jefferies Semiconductor Summit on September 1. Live webcasts will be available on the Investor Relations section of Extreme's website, ensuring accessibility for stakeholders.
The company continues to focus on enhancing its cloud-driven networking solutions, trusted by over 50,000 customers worldwide.
Extreme Networks announces the launch of its third course in the Extreme Academy Live IT training program, titled Advance Your Career, starting on August 5. This four-week, free course aims to equip participants with knowledge of the networking industry's role in business outcomes without requiring prior IT experience. The program, which already has over 11,000 enrollees, includes real-world examples and aims to enhance both technical and non-technical skills necessary for success in IT.
Extreme Networks reported Q4 2021 revenue of $278.1 million, a 29% increase year-over-year, with a GAAP EPS of $0.08. For the full year, total revenue reached $1.009 billion, up 6% from 2020. The company achieved a non-GAAP operating margin of 10.9% and generated $127.4 million in free cash flow. Notably, bookings grew 36% year-over-year in Q4, driven by strong demand for its solutions. However, the company faces supply chain challenges that impact delivery timelines, along with an increased product backlog.
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