Category Archives: Acquisitions & Mergers

8×8 Acquires Sameroom to Provide Companies with Interoperability across Disparate Team Collaboration Services

PRESS RELEASE: 8×8 announced its acquisition of LeChat, Inc., the maker of Sameroom™, an interoperability platform that enables cross-team messaging and collaboration in the enterprise. The acquisition catapults 8×8 into an industry-unique position in the team collaboration market by providing interoperability between more than two dozen team collaboration clients as part of the 8×8 Communications Cloud™ (see related press release). Continue reading 8×8 Acquires Sameroom to Provide Companies with Interoperability across Disparate Team Collaboration Services

Avaya Enters into Asset Purchase Agreement with Extreme Networks for the Sale of Avaya’s Networking Business

PRESS RELEASE: Avaya announced it has entered into an asset purchase agreement with Extreme Networks, Inc. (Nasdaq: EXTR) (“Extreme”) under which Extreme will serve as the primary bidder in a section 363 sale under the Bankruptcy Code to acquire Avaya’s Networking business for a transaction value of approximately $100 million, subject to adjustments. Continue reading Avaya Enters into Asset Purchase Agreement with Extreme Networks for the Sale of Avaya’s Networking Business