Hardin County School District Selects Extreme's Connectivity Solutions
Jul 9 15
Extreme Networks Inc. has announced that Hardin County School District in Kentucky will use Extreme's infrastructure and analytics technology to manage its network, reportedly gain insight into users' applications and network behavior and provide network access to any mobile device for its 16,000 users. With the recent overhaul of the E-rate program, reliable Internet access is a national priority for schools. In addition to equipping school districts across the country with reliable Wi-Fi access, Extreme Networks is helping education IT administrators improve network access, bandwidth control, application connectivity and analytics with its solutions platform. Extreme Networks' connectivity solutions provide affordable Internet access and world-class features to teachers, students and administrators. To support collaboration and personalized learning, the Stonington Public School District needed to meet the mobile needs of 3,000 users across six schools and seven buildings in Connecticut. The District chose Extreme to deploy an enterprise wireless network that would allow them to roll out BYOD, deploy a virtual desktop infrastructure and manage the entire infrastructure from a single screen. Google Chromebooks have been embraced rapidly as students' device of choice in the classroom. Using Extreme's infrastructure, school districts nationwide have been deploying Chromebooks to enable personalized learning, increase collaboration and to help facilitate online testing. Extreme's strategic relationship with the Pro Football Hall of Fame (PFHOF) continues to expand. Powered by Extreme, the Heart of a Hall of Famer series allows students to hear directly from Hall of Fame players about how to achieve success on and off the field.
Extreme Networks Inc. Announces Amendment to its Credit Agreement
Jun 30 15
On June 26, 2015, Extreme Networks Inc. entered into an amendment of its Credit Agreement and First Amendment to Guarantee and Collateral Agreement dated as of October 31, 2013 (as amended, supplemented, restructured or otherwise modified prior to the date hereof, the "Credit Agreement"), among the company, as borrower, Silicon Valley Bank, as administrative agent (the Agent"), and the financial institutions that are a party thereto as lenders (Lenders"). The Third Amendment amends the Credit Agreement and the Guarantee and Collateral Agreement to, among other things, to reduce the revolving loan facility component by $10,000,000 to a revised aggregate principal amount of up to $50,000,000 as well as modify certain financial covenants. The Borrower, the Lenders and the Administrative Agent are parties to that certain Credit Agreement, dated as of October 31, 2013 (as amended, supplemented, restructured or otherwise modified prior to the date hereof, including as amended by (i) that certain amendment letter agreement dated as of March 20, 2014, and (ii) that certain Second Amendment Agreement dated as of November 18, 2014, the Credit Agreement"); the Borrower, the other Loan parties named therein as Guarantors and the Administrative Agent are parties to that certain Guarantee and Collateral Agreement, dated as of October 31, 2013 (as amended, supplemented, restructured or otherwise modified prior to the date hereof, the Guarantee and Collateral Agreement"); the Borrower has requested that the Administrative Agent and the Required Lenders agree to amend (i) the Credit Agreement. The third recital to the Credit Agreement shall be amended by amending and restating such third recital to read in its entirety as follows: the Lenders have agreed to extend certain credit facilities to the Borrower, upon the terms and conditions specified in this Agreement, in an aggregate amount not to exceed $115,000,000, consisting of a term loan facility in the aggregate principal amount of $65,000,000, a revolving loan facility in an aggregate principal amount of up to $50,000,000, a letter of credit sub-facility in the aggregate availability amount of $5,000,000 (as a sublimit of the revolving loan facility), and a swingline sub-facility in the aggregate availability amount of $5,000,000 (as a sublimit of the revolving loan facility). For any day, a rate per annum equal to the higher of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 0.50%; provided that in no event shall the ABR be deemed to be less than 0%. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of the change in such rate.
Extreme Networks Inc. Announces Secure, Role-Based Policy Management Technology Available for the Newly Launched Summit X450-G2 Family of Fixed Switches
Jun 23 15
Extreme Networks Inc. announced its secure, role-based policy management technology is now available for the newly launched Summit X450-G2 family of fixed switches and some other select previously released Summit switches. This marks the integration of proven policy and security management technology into the ExtremeXOS operating system, allowing customers the flexibility to define and manage end-to-end policy in mixed Extreme Networks' wired and wireless environments, including those with IdentiFi Access Points, the A, B, C, K and S-Series switches and the Summit line of switches. Extreme Networks is committed to solving IT's toughest networking challenges through intelligent software. The addition of role-based policy capabilities in the operating system establishes a secure, end-to-end framework where every user, including guests, employees and executive management, has their own predetermined set of rules for accessing the network. The new Summit X450-G2 also supports automation capabilities with southbound APIs for easy integration with the company's Open Daylight-based OneController. These critical capabilities enable customers to strategically evolve their networks to interact with emerging security and wireless technologies as well as converged Software Defined Networking (SDN) infrastructures as part of a complete edge-to-cloud network portfolio.