acquired by extreme networks in september 2013 predecessor cabletron systems inc successor extreme networks founded march 1983 as cabletron systems listed on nyse as enterasys in august 2001 headquarters salem new hampshire u.s. products switches routers network security software website www.extremenetworks.com enterasys networks inc. was an american networking company . enterasys products include networking equipment ranging from routers switches and ieee 802.11 wireless access points and controllers . the company formed in march 2000 as a spin off of cabletron systems . in addition to networking hardware such as switches routers and wireless products the company sold software for managing and securing networks such as intrusion prevention systems network access control and security information management . the company s headquarters were in salem new hampshire . history edit enterasys had their initial public offering on august 6 2001 with its shares trading on the new york stock exchange under symbol ets . 1 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 and shareholder lawsuits was settled in october 2003 for 50.4 million . in 2004 a former executives pleaded guilty for fraud . 2 at a december 2006 trial four former executives were sentenced to prison terms and several others found guilty . 3 in november 2005 enterasys was acquired by alec gores private equity firm gores group and tennenbaum capital partners in a going private transaction estimated at 386 million . 4 in april 2006 the gores group named mike fabiaschi as ceo . 5 fabiaschi had to deal with renewing trust relationships with customers to fix the company . 6 in 2008 enterasys sought to increase revenue to 1 billion and make one or two acquisitions . 7 on july 29 2008 the gores group announced its partnership with siemens 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 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 . 8 on september 22 2008 fabiaschi died suddenly . 9 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 . 10 meanwhile appeals from the fraud cases continued through 2009 . 11 on september 12 2013 extreme networks announced they would acquire enterasys for about 180 million cash . 12 references edit enterasys networks begins trading on the new york stock exchange . press release . august 6 2001 . archived from the original on october 7 2007 . retrieved december 6 2013 . former enterasys exec pleads guilty to fraud . mass high tech . august 16 2004 . retrieved december 6 2013 . four former enterasys executives sentenced on fraud conspiracy charges . press release . us department of justice . july 3 2007 . retrieved december 6 2013 . phil hochmuth november 21 2005 . enterasys sells goes private . network world . retrieved december 6 2013 . enterasys networks appoints michael fabiaschi president and ceo allbusiness april 26 2006 . the underdog fights back nigel ash the chiefexecutive.com march 1 2007 . enterasys looking to buy into big time jim duffy network world feb. 7 2008 . siemens enterprise enterasys in 550m joint venture jim duffy network world july 29 2008 . enterasys copes with death of ceo jon oltsik cnet oct. 6 2008 . enterasys siemens enterprise communications integration begins bill terrill current analysis nov. 19 2008 . bob sanders july 31 2009 . ex enterasys exec loses appeal bid . new hampshire business review . nashua telegraph . retrieved december 6 2013 . extreme networks announces agreement to acquire enterasys networks . press release . september 12 2013 . retrieved december 6 2013 . external links edit enterasys networks enterasys company fact sheet enterasys privatization march 2006 retrieved from https en.wikipedia.org w index.php title enterasys networks & oldid 743255133 categories companies based in massachusettsnetworking companies of the united statessoftware companies based in massachusettscompanies established in 2000silver lake partners companies navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial 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