Extreme Networks completed its acquisition of Zebra Technology’s wireless LAN (WLAN) business. The acquisition of the WLAN business strengthens and expands Extreme’s end-to-end, wired and wireless software-driven networking solutions and complements its vertical market focus.

According to a related 8-K filing, the purchase price was $55 million. Silicon Valley Bank provided a five-year $50 million revolver and a five-year $90.5 million term loan to support the transaction.

On October 28, 2016, the company borrowed approximately $100.5 million under the senior secured credit facilities to pay off existing debt and to finance the acquisition.

“This exciting acquisition solidifies Extreme’s position as the third largest provider in our target enterprise campus market and creates numerous growth opportunities for expanded solutions and services offerings for our customers,” said Ed Meyercord, president and CEO of Extreme Networks. “The addition of the WLAN assets increases our total addressable market to $9.4 billion in one of the fastest growing segments of the networking industry and expands our bench with talented key management, experienced wireless industry experts and partners, and a strong base of blue-chip customers.”

Extreme acquired customers, personnel and technology assets from Zebra.