American networking equipment and software company Extreme Networks is reportedly exploring a potential sale after receiving acquisition interest from other businesses.

The company, which has an estimated market value of approximately $3 billion, is working with an investment bank to assess possible transaction opportunities.

According to Reuters, potential strategic buyers could include major technology companies such as Cisco Systems, Fortinet and NetApp.

These businesses operate in networking, cybersecurity and enterprise technology, making Extreme Networks a potentially attractive acquisition target.

Extreme Networks has expanded beyond traditional networking equipment into cloud-based networking software and artificial intelligence solutions.

Its products help businesses manage their networks, improve connectivity and monitor complex technology infrastructure.

The company reported revenue growth of 13 per cent in its 2026 financial year. Its AI-focused Platform ONE product has also attracted growing customer interest, accounting for more than 30 per cent of subscription bookings during its first year.

A successful acquisition could strengthen the buyer’s position in the increasingly competitive networking industry. However, discussions remain preliminary, and there is no guarantee that a transaction will be completed.

The development reflects a broader trend of technology companies pursuing acquisitions to strengthen their artificial intelligence and networking capabilities.