Friday, November 1, 2013

The Gores Group Sells Enterasys To Extreme Networks

Los Angeles-based private equity firm The Gores Group said today that it has closed a transaction to sell Enterasys Networks to Extreme Networks, via its joint venture with Siemens AG. According to Gores Group, Unify (formerly Siemens Enterprise Communications) sold Enterasys to help further focus the company on its "core mission". Unify is a joint venture of The Gores Group and Siemens AG. Gores bought Enterasys back in 2006 for $386M.