Exclusive-Networking firm Extreme Networks explores sale, sources say

Extreme Networks is exploring a sale after receiving acquisition interest and has engaged an investment bank to work on a process, according to people familiar with the matter. A deal would add to a wave of networking acquisitions as technology companies seek to strengthen their AI and networking capabilities.

The Morrisville, North Carolina-based company makes equipment and software for managing enterprise networks and has a market value of about $3 billion. Potential buyers could include Fortinet, Cisco Systems and NetApp, the sources said; Extreme Networks and NetApp declined to comment. Extreme reported 13 per cent revenue growth in fiscal 2026, and its AI-focused Platform ONE product made up more than 30 per cent of subscription bookings in its first year.