Paris, August 10th, 2021. Infovista, the global leader in network lifecycle automation in the portfolio of Apax, entered into an agreement for Extreme Networks (NASDAQ: EXTR) to acquire its Ipanema SD-WAN business. This constitutes a step further towards the creation of a focused global leader in 5G and next-generation networks.
Infovista’s Ipanema SD-WAN business provides next generation cloud-managed SD-WAN platform that is designed to deliver different workloads and applications faster and more securely across conventional Wide Area Networks and multiple cloud service providers. Infovista’s Ipanema SD-WAN solutions serve approximately 400 customers.
The planned transaction, supported by Apax and the Board, is part of Infovista’s strategic transformation to becoming a worldwide leading software provider of 5G networks lifecycle automation solutions. The company sharpens its focus on delivering its cloud-native network lifecycle automation platform designed for the 5G era to both Communications Service Providers (CSP) and Enterprises.
Gilles Rigal, Apax representative and Chairman of the Board of Infovista: “Since our initial investment in Infovista, we have continuously supported the company and its management team to position itself at the forefront of innovation and scale its business, notably with the transformational acquisitions of TEMS in 2016 and Empirix in 2021. The potential disposal of the Ipanema business is a strategic step for Infovista to focus on network lifecycle automation solutions and accelerate the deployment of its cloud-native 5G network lifecycle automation platform”.
“In dynamic and competitive networking and security markets, our Ipanema SD-WAN business has recently accelerated its expansion by acquiring and migrating customers, demonstrating the relevance of its unique cloud-native SD-WAN strategy. The planned transaction will make this business thrive further”, says José Duarte, CEO of Infovista. “With this agreement, we are close to reaching another milestone in the execution of our strategy to make Infovista a global leader in 5G and next-generation networks, focused on the growing network lifecycle automation requirements of our CSP and large enterprise customers”.
The transaction is subject to consultations with the Infovista work council and is expected to close in Q4 2021.
Contact
Lauren Bardet
Directrice de la communication
+33 6 16 32 72 82
lauren.bardet@seven2.eu
About Apax
Apax is a leading European private equity firm based in Paris. With more than 45 years of experience, Apax provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax exceed €4.5 billion. These funds invest in fast-growing, middle-market companies across four sectors of specialisation: Tech & Telecom, Consumer, Healthcare and Services.
Paris-headquartered Apax SAS (www.apax.fr), and London-headquartered Apax LLP (www.apax.com), have a shared history but are separate, independent private equity firms.
