Enterasys Networks, Inc. was an American

networking Network, networking and networked may refer to: Science and technology * Network theory, the study of graphs as a representation of relations between discrete objects * Network science, an academic field that studies complex networks Mathematics ...

company. Enterasys products included networking equipment ranging from routers,

switch In electrical engineering, a switch is an electrical component that can disconnect or connect the conducting path in an electrical circuit, interrupting the electric current or diverting it from one conductor to another. The most common type o ...

es, and

IEEE 802.11 IEEE 802.11 is part of the IEEE 802 set of local area network (LAN) technical standards, and specifies the set of medium access control (MAC) and physical layer (PHY) protocols for implementing wireless local area network (WLAN) computer com ...

wireless access points and controllers. The company formed in March 2000 as a spin-off of

Cabletron Systems Cabletron Systems, Inc., was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. They also had manufacturing facilities in Ironton, Ohio, and in Irelan ...

. In addition to

networking hardware Networking hardware, also known as network equipment or computer networking devices, are electronic devices that are required for communication and interaction between devices on a computer network. Specifically, they mediate data transmission in ...

such as switches, routers and wireless products, the company sold

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

for managing and securing

network Network, networking and networked may refer to: Science and technology * Network theory, the study of graphs as a representation of relations between discrete objects * Network science, an academic field that studies complex networks Mathematics ...

s such as

intrusion prevention system An intrusion detection system (IDS) is a device or software application that monitors a network or systems for malicious activity or policy violations. Any intrusion activity or violation is typically either reported to an administrator or collec ...

network access control Network access control (NAC) is an approach to computer security that attempts to unify endpoint security technology (such as antivirus, host intrusion prevention, and vulnerability assessment), user or system authentication and network security ...

and

security information management Security information management (SIM) is an information security industry term for the collection of data such as log files into a central repository for trend analysis. Overview SIM products generally are software agents running on the computer ...

. The company's headquarters were in Salem,

New Hampshire New Hampshire ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...

History

Enterasys had their

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on August 6, 2001, with its shares trading on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

under symbol ETS. It claimed a $12.9 million profit in its first quarter after it was spun out of Cabletron in June 2001. A restatement in 2002 for recognizing revenue in improper time periods resulted in several quarters of losses. An investigation by the US

Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

and shareholder lawsuits was settled in October 2003 for $50.4 million. In 2004, a former executives pleaded guilty for fraud. At a December 2006 trial, four former executives were sentenced to prison terms and several others found guilty. In November 2005, Enterasys was acquired by

Alec Gores Alec E. Gores (; born 1953) is an American billionaire businessman who began making his fortune through leveraged buyouts of technology firms at the firm The Gores Group. He has also been instrumental in popularizing SPACs, beginning in the mid-2 ...

' private equity firm, Gores Group, and Tennenbaum Capital Partners, in a going-private transaction estimated at $386 million. In April 2006, The Gores Group named Mike Fabiaschi as CEO.Enterasys Networks Appoints Michael Fabiaschi President and CEO

AllBusiness AllBusiness.com provides business information and resources for small businesses, those companies with fewer than 500 employees. The company also conducts research to measure the health and direction of the small business sector. History AllBusin ...

, April 26, 2006. Fabiaschi had to deal with renewing trust relationships with customers, to "fix the company."The Underdog Fights Back
Nigel Ash, The-ChiefExecutive.com, March 1, 2007. In 2008, Enterasys sought to increase revenue to $1 billion and make one or two acquisitions.
, Jim Duffy,

Network World International Data Group (IDG, Inc.) is an American market intelligence and demand generation company focused on the technology industry. IDG, Inc.'s mission is centered around supporting the technology industry through research, data, market ...

, Feb. 7, 2008. On July 29, 2008, The Gores Group announced its partnership with

Siemens Siemens AG ( ) is a German multinational technology conglomerate. It is focused on industrial automation, building automation, rail transport and health technology. Siemens is the largest engineering company in Europe, and holds the positi ...

to acquire the German company's enterprise communications business, known as Siemens Enterprise Communications. The Gores Group acquired a 51% stake in

Siemens Enterprise Communications Unify is a Mitel company headquartered in Munich, Germany and is present in over 100 countries. It provides software-based enterprise unified communications including voice, Web collaboration, video conferencing and contact center, networking prod ...

(SEN). As part of the $550 million transaction, Gores Group offered two of its assets: Enterasys and SER Solutions, a Virginia-based contacts management provider.Siemens Enterprise, Enterasys in $550M joint venture
, Jim Duffy,

, July 29, 2008. On September 22, 2008, Fabiaschi died suddenly.Enterasys Copes With Death of CEO
Jon Oltsik, CNet, Oct. 6, 2008. Mark Stone, chairman of the board, was named interim CEO and completed the joint venture transaction. Chris Crowell became CEO and president of Enterasys. Enterasys enterprise networking and SEN's telephony and wireless products were integrated.Enterasys/Siemens Enterprise Communications Integration Begins
, Bill Terrill, Current Analysis, Nov. 19, 2008. Meanwhile, appeals from the fraud cases continued through 2009. On September 12, 2013,

Extreme Networks Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network managem ...

announced they would acquire Enterasys for about $180 million cash.

References

External links

*{{Official website, http://www.enterasys.com, Enterasys Networks
Enterasys Company Fact SheetEnterasys Privatization March 2006
2000 establishments in Massachusetts 2013 disestablishments in Massachusetts 2013 mergers and acquisitions American companies established in 2000 American companies disestablished in 2013 Computer companies established in 2000 Computer companies disestablished in 2013 Defunct computer companies based in Massachusetts Defunct computer companies of the United States Defunct computer hardware companies Defunct software companies of the United States Networking companies of the United States Silver Lake (investment firm) companies

History

See also

References

External links